Business, 24.10.2019 20:43 hjeffrey168
Selected financial data from feeney industries (wholesaler) is presented below. 2017 income statement data (not in order). sales returns and allowances $60,000 cost of goods sold $650,000 freight out $18,000 sales $1,000,000 salaries expense $95,000 sales discounts $20,000 balance sheet data (not in order) 12/31/17 12/31/16 cash $30,000 $40,000 a/r $90,000 $70,000 merchandise inventory $80,000 $40,000 a/p $25,000 $22,000 based on the data above, compute the following: (show all work). 2017 net sales
Answers: 2
Business, 21.06.2019 19:10
Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.
Answers: 3
Business, 22.06.2019 03:00
Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.
Answers: 1
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 22.06.2019 19:50
The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.
Answers: 2
Selected financial data from feeney industries (wholesaler) is presented below. 2017 income statemen...
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