Windsor's gross profit for the month is:C. $1520.
<h3>Gross profit</h3>
First step
January purchase:
Purchase= 130 - (210 - 130)
Purchase=130-80
Purchase= 50 units
Sales revenue= (260 + 50) x 9
Sales revenue=310×9
Sales revenue= $2,790
Second step
Cost= (260 x 4) + (50 x 4.60)
Cost=1,040+230
Cost= $1,270
Third step
Gross profit:
Gross profit= 2,790 - 1,270
Gross profit= $1,520
Therefore the correct option is C.
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Answer:
The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.
Debit Processing Department (WIP Asset) $ 25,000
Credit Factory Wage (Liability) $ 25,000
The journal entry to record the factory wages of $15,000 incurred in the production department.
Debit Production Department (WIP Asset) $ 15,000
Credit Factory Wage (Liability) $ 15,000
Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.
Answer:
$1150
Explanation:
The ending inventory of Delta diamond using specific identification method will be
Date Purchase Cost
June 1 one purchase $500
July 9 Two purchase $600
September 23 Three purchase $650
-------------------------------------------------------------------------------------
Total cost of goods available for sale $1750
Less: Cost of goods sold -$600
===================================================
Ending inventory $1150
Answer:
net income = $9620
so correct option C) $9,620 million net income
Explanation:
given data
retained earnings 2018 = $35,477 million
retained earnings 2017 = $32,138 million
dividends = $4,479 million
reduced retained = $1,802 million
to find out
net income did the firm report in fiscal 2018
solution
we get reduced due to dividend and other transaction is
reduced due to dividend and other transaction = $4479 + $1802
reduced due to dividend and other transaction = $6281
net income = retained earnings - reduced due to dividend and other transaction .............1
net income = $35477 -$6281
net income = $9620
so correct option C) $9,620 million net income
The correct answer to this question is $1250. To prove this, an image is attached together with this answer.
<span>The 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level is $1250. Based on the image, it shows that at the line of
at least 300% but less than 400%, the repayment limit of single tax payer is $1250.</span>
