Entries by mary WAMBUGU

Using the SEC 10-K for General motors(GM), answer the following questions: 1.Reading the notes to the financial statements, as well as the balance sheet, post information about the Accounts Receivable for your company. Who owes the company money?

August 28, 2019 in /by

Que.Using the SEC 10-K for General motors(GM), answer the following questions: 1.Reading the notes to the financial statements, as well as the balance sheet, post information about the Accounts Receivable for your company. Who owes the company money? 2.Search for the phrase “Bad Debts” or Allowance (for collectible accounts). When you read the balance sheet, […]

 

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Lancaster Ligh²ng Corp. produces a model of outdoor Foodlight that normally sells for $15 per light. Salis opera²ng at 70% capacity. Lancaster has been presented with a special one-²me export order for 40,0the current total cost of produc²on.

August 28, 2019 in /by

There are 3 problems this week. Click the tabs at the bottom of the spreadsheet to move to problems 2 and 3. Special Order Decision Lancaster Lighting Corp. produces a model of outdoor floodlight that normally sells for $15 per light. Sales per year are 500,000 units, and the production line is operating at 70% […]

 

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Best Harmonica Company manufactures and sells harmonicas to distributors. The model they produce sells toSales$3,480,000 Direct materials543,750

August 28, 2019 in /by

There are two problems this week. Click the tab at the bottom of the spreadsheet to move to problem 2. Best Harmonica Company manufactures and sells harmonicas to distributors. The model they produce sells to the distributors for $8.00 each. Following are cost estimates: Sales $3,480,000 Direct materials 543,750 Direct labor 761,250 Manufacturing overhead–variable 152,250 […]

 

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What were the corporation’s net sales, cost of goods sold, and gross profit? What was the corporate tax rate? This should be an item in the notes to the financial statement

August 28, 2019 in /by

Please use the following link to answer the questions below: /> What were the corporation’s net sales, cost of goods sold, and gross profit? What was the corporate tax rate? This should be an item in the notes to the financial statement. Required disclosure usually explains the Federal Statutory rate and a reconciliation to the […]

 

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