Entries by Munene david

In an effort to concentrate its resources in more profitable areas,

May 4, 2020 in /by

In an effort to concentrate its resources in more profitable areas, Sheeran Corporation recently sold its family cookbook segment but retained its restaurant segment. The disposal constitutes ____________. an extraordinary item a discontinued operation, which should be disclosed net-of-tax effects a discontinued operation, which should be treated as a prior period adjustment a portion of […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Marley Corporation has 50,000, 3%, $100 par preferred shares outstanding.

May 4, 2020 in /by

Marley Corporation has 50,000, 3%, $100 par preferred shares outstanding. The preferred stock was originally issued at 103. The current dividend has been fully paid. Total stockholders’ stock equity is $10,000,000. The common stock equity is _____   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Kendrick Company’s balance sheet included cash ($8,000,000) accounts receivable

May 4, 2020 in /by

Kendrick Company’s balance sheet included cash ($8,000,000) accounts receivable ($15,000,000) inventories ($10,000,000) prepaid expenses ($3,000,000) accounts payable ($8,000,000) accrued expenses ($8,000,000). Working capital is _____   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Selected information for 2018 is: cost of goods sold, $5,000,000

May 4, 2020 in /by

Selected information for 2018 is: cost of goods sold, $5,000,000; 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”

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"