Entries by Munene david

Bowie Sporting Goods manufactures sleeping bags. 

May 4, 2020 in /by

#23<br/><br/><br/>Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows: Direct material of 5.50 yards at $5.00 per yard Direct labor of 3.00 hours at $19.00 per hour Overhead applied per sleeping bag at $18.00 In the month of April, the company actually produced […]

 

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The Common Stock account for Baltimore Corporation on January 1, 2018

May 4, 2020 in /by

The Common Stock account for Baltimore Corporation on January 1, 2018 was $75,000. On July 1, 2018 Baltimore issued an additional 5,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 […]

 

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Im having trouble understanding how to solve this question

May 4, 2020 in /by

Im having trouble understanding how to solve this question. Any help is appreciated! For the FY 2018, Dorchester Company’s balance sheet included the following current items: cash $33,000, accounts receivable $117,000, inventories $92,000, prepaid expenses $20,000, accounts payable $85,000, and accrued expenses $65,000.  Use this information to determine the Current Ratio. (Round & enter your answers […]

 

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For the FY 2018, Frederick Company had net sales of $1,150,000

May 4, 2020 in /by

For the FY 2018, Frederick Company had net sales of $1,150,000 and net income of $95,000, paid income taxes of $22,500, and had before tax interest expense of $17,500. Use this information to determine the Times Interest Earned Ratio. (Round your answers to one decimal place)   Looking for a Similar Assignment? Order now and Get 10% […]

 

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