Entries by mary WAMBUGU

Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production.

August 30, 2019 in /by

Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 13,500 units. At the end of the month there were 13,000 units completed and […]

 

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In the budgeting and planning process for a firm, which one of the following should be completed first? A. Sales budget. B. Financial budget. C. Cost management plan. D.Strategic plan.

August 30, 2019 in /by

In the budgeting and planning process for a firm, which one of the following should be completed first? A. Sales budget. B. Financial budget. C. Cost management plan. D.Strategic plan.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Given below are account balances for Charlie Company: Gross sales, $100,000

August 30, 2019 in /by

Given below are account balances for Charlie Company:Gross sales, $100,000 Sales returns and allowances, $8,000 Selling expenses, $12,000 Cost of goods sold, $40,000 Interest expense, $3,000 How much is the gross profit margin? (enter your percentage as a decimal rounded to two decimal places. Example – enter 46% as .46)   Looking for a Similar Assignment? […]

 

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Merchandise is sold on account on January 16, terms 2/10, n/30, and recorded by debiting Accounts Receivable and crediting Sales for $2,000.

August 30, 2019 in /by

Question Merchandise is sold on account on January 16, terms 2/10, n/30, and recorded by debiting Accounts Receivable and crediting Sales for $2,000. If payment occurs on January 21, the journal entry would include a credit to: Question 2 options: Cash for $1,960 Accounts Receivable for $2,000 Accounts Receivable for $1,960 Sales Discounts for $40   […]

 

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