Seemore lens company (slc) sells contact lenses fob destination. for the year ended december 31, the company reported: a) inventory of $79,000 and cost of goods sold of $438,000. b) included in inventory (and accounts payable) are $11,800 of lenses slc is holding on consignment. c) included in slc’s inventory balance are $5,900 of office supplies held in slc’s warehouse. d) excluded from slc’s inventory balance are $8,900 of lenses in the warehouse, ready to send to customers on january 2. slc reported these lenses as sold on december 31, at a price of $16,800. e) included in slc’s inventory balance are $3,450 of lenses that were damaged in december and will be scrapped in january, with zero realizable value. required: prepare the table showing the balances presently reported for inventory and cost of goods sold, and then displaying the adjustment(s) needed to correctly account for each of items (), and finally determining the appropriate inventory and cost of goods sold balances. (enter any decreases to account balances with a minus sign.)

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?