Entries by mary WAMBUGU

Zappa Corporation has 100,000, 3%, $100 par preferred shares outstanding. The preferred stock was originally issued at 104.

August 30, 2019 in /by

Zappa Corporation has 100,000, 3%, $100 par preferred shares outstanding. The preferred stock was originally issued at 104. The current dividend has been fully paid. Total stockholders’ stock equity is $20,000,000. The common stock equity is   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Zeppelin Company’s balance sheet included cash ($5,000,000), accounts receivable ($16,000,000), inventories ($10,000,000)

August 30, 2019 in /by

Zeppelin Company’s balance sheet included cash ($5,000,000), accounts receivable ($16,000,000), inventories ($10,000,000), prepaid expenses ($2,500,000), accounts payable ($9,000,000), and accrued expenses ($7,500,000). Working capital is   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Selected information for 2018 is: cost of goods sold, $6,000,000; average inventory, $2,000,000; net sales, $8,000,000; average receivables, $980,000; and net income, $700,000

August 30, 2019 in /by

Selected information for 2018 is: cost of goods sold, $6,000,000; average inventory, $2,000,000; net sales, $8,000,000; average receivables, $980,000; and net income, $700,000. Assuming a 360-day year, what was the inventory turnover ratio for 2018?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Ziggy Co. manufactures tote bags. The forecasted income statement for the year before any special orders included sales of $3,000,000 (sales price is $10 per unit.) Manufacturing cost of goods sold is anticipated to be $2,000,000

August 30, 2019 in /by

Ziggy Co. manufactures tote bags. The forecasted income statement for the year before any special orders included sales of $3,000,000 (sales price is $10 per unit.) Manufacturing cost of goods sold is anticipated to be $2,000,000. Selling expenses are expected to be $250,000, and operating income is projected at $750,000. Fixed costs included in these […]

 

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