Identify activity bases from the following list of activity bases for an automobile dealership, select the base that would be most appropriate for each of these costs: (1) preparation costs (cleaning, oil, and gasoline costs) for each car received, (2) salespersons' commission of 5% of the sales price for each car sold, and (3) administrative costs for ordering cars. number of cars sold dollar amount of cars ordered number of cars ordered number of cars on hand number of cars received dollar amount of cars sold dollar amount of cars received dollar amount of cars on hand 1. preparation costs (cleaning, oil, and gasoline costs) for each car received 2. salespersons' commission of 5% of the sales price for each car sold 3. administrative a. costs for ordering cars
number of cars sold
dollar amount of cars ordered
number of cars ordered
number of cars on hand
number of cars received
dollar amount of cars sold
dollar amount of cars received
dollar amount of cars on hand
1. preparation costs (cleaning, oil, and gasoline costs) for each car received
2. salespersons' commission of 5% of the sales price for each car sold
3. administrative costs for ordering cars
Answers: 1
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On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?
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Identify activity bases from the following list of activity bases for an automobile dealership, sele...
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