Entries by Munene david

vAlpha Company provided the following data concerning its income statement:

May 6, 2020 in /by

Alpha Company provided the following data concerning its income statement: sales, $885,000; purchases, $371,000; beginning inventory, $230,000; ending inventory, $287,000; operating expenses, $90,000; freight-in, $5,000; sales discounts, $21,000; purchases discounts, $15,000; sales returns & allowances, $140,000; and purchases returns & allowances, $47,000. The data is complete and provides the basis for preparation of an income statement. How […]

 

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On July 1, 2016, Alpha Company exchanged an old computer

May 6, 2020 in /by

On July 1, 2016, Alpha Company exchanged an old computer (Equipment) with a historical cost of $1,000 that had accumulated depreciation of $600 after all June adjusting entries had been processed. The exchange was for a new computer having a fair value of $500. The transaction has commercial substance. Using this information, how much should […]

 

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Water freezes at 0◦ Celsius and 32◦ Fahrenheit and it boils at 100◦C and 212◦F.

May 6, 2020 in /by

Water freezes at 0◦ Celsius and 32◦ Fahrenheit and it boils at 100◦C and 212◦F. (a) Find a linear function F that expresses temperature in the Fahrenheit scale in terms of degrees Celsius. Use this function to convert 20◦C into Fahrenheit. (b) Find a linear function C that expresses temperature in the Celsius scale in […]

 

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Baltimore Company reports total assets and total liabilities of $256,000

May 6, 2020 in /by

Baltimore Company reports total assets and total liabilities of $256,000 and $95,000, respectively, at the conclusion, of its first year of business. The company earned $81,500 during the first year, and distributed $28,000 to shareholders as dividends. How much did shareholders initially invest in the business?   Looking for a Similar Assignment? Order now and […]

 

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