Sales Blank 1. Fill in the blank, read surrounding text. Beginning inventory, raw material Blank 2. Fill in the blank, read surrounding text.
Ending inventory, raw material 170,000
Purchases of raw material 200,000
Direct material used 140,000
Direct labor Blank 3. Fill in the blank, read surrounding text.
Manufacturing overhead 550,000
Total manufacturing costs 1,040,000
Beginning inventory, work in process 70,000
Ending inventory, work in process Blank 4. Fill in the blank, read surrounding text.

Cost of goods manufactured 1,050,000
Beginning inventory, finished goods 100,000
Cost of goods available for sale Blank 5. Fill in the blank, read surrounding text.

Ending inventory, finished goods Blank 6. Fill in the blank, read surrounding text.

Cost of goods sold 1,090,000
Gross margin 510,000
Selling and administrative expenses Blank 7. Fill in the blank, read surrounding text.

Operating income 300,000

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44