subject
Business, 23.10.2019 04:00 bthakkar25

Amber’s flower company was started in 2014 when it acquired $80,000 cash from the issue of common stock. the following data summarize the company’s first three years’ operating activities. assume that all transactions were cash transactions. 2014 2015 2016 purchases of inventory $ 40,000 $ 55,000 $ 95,000 sales 75,000 88,000 146,000 cost of goods sold 38,000 49,000 82,000 selling and administrative expenses 29,000 35,000 42,000 required prepare an income statement (use multistep format) and balance sheet for each fiscal year. (hint: record the transaction data for each accounting period in the accounting equation before preparing the statements for that year.)

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 00:30
A) plot the m1 and m2 money stock in the us from 1990-2015. (hint: you may use the data tools provided by fred.) (b) plot the nominal interest rate from 1960 to 2014. (hint: you can either use the daily interest rates for selected u.s. treasury, private money market and capital market instruments from or the effective federal funds rate fromfred.) (c) the consumer price index (cpi) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. intuitively, the cpi represents the cost of living or the average price level. plot the cpi from 1960 to 2013.(d) the inflation rate is the yearly percentage change in the average price level. in practice, we usually use the percentage change in the cpi to compute the inflation rate. plot the inflation rate from 1960 to 2013.(e) explain the difference between the ex-ante and ex-post real interest rate. use the fisher equation to compute the ex-post real interest rate. plot the nominal interest rate and the ex-post real interest rate from 1960 to 2013 in the same graph.
Answers: 3
question
Business, 22.06.2019 02:00
What is the main role of ctsos at the local level? at the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events.1. a.internsb.traineesc.members2.a.participateb.trainc.win
Answers: 3
question
Business, 22.06.2019 08:30
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 3
question
Business, 22.06.2019 11:10
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
You know the right answer?
Amber’s flower company was started in 2014 when it acquired $80,000 cash from the issue of common st...
Questions
Questions on the website: 13722367