Lpd logistics, inc.'s projected sales for the first six months of 2010 are given below. jan. $300,000 april $350,000 feb. $350,000 may $500,000 mar. $475,000 june $400,000 20% of sales are collected in the month of the sale, 75% are collected in the month following the sale, and 5% are written off as uncollectible. cost of goods sold is 80% of sales. purchases are made the month prior to the sales and are paid during the month the purchases are made (i. e. goods sold in march are bought and paid for in february). total other cash expenses are $35,000/month. the company's cash balance as of february 1, 2010 will be $30,000. excess cash will be used to retire shortminusterm borrowing (if any). lpd has no short term borrowing as of february 28, 2010. assume that the interest rate on shortminusterm borrowing is 1% per month. the company must have a minimum cash balance of $20,000 at the beginning of each month. what is lpd's projected gross profit for april? a. ($50,000) b. $70,000 c. $100,000 d. $110,550

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying