Business, 25.11.2021 14:00 aliyahadekoya
Calgary Industries is preparing a budgeted income statement. Predicted sales for the year are $760,000 and cost of goods sold is 40% of sales. The expected selling expenses are $84,000 and the expected general and administrative expenses are $93,000, which includes $26,000 of depreciation. The company's income tax rate is 30%. Budgeted net income is:
Answers: 1
Business, 21.06.2019 13:40
Aztic inc., a manufacturer of sports goods, plans to expand its operations to various other countries. during market research, it avoids countries where the dominant population is mostly rural. in this case, aztic inc. is assessing the of the countries
Answers: 1
Business, 21.06.2019 14:30
List at least two policies or procedures your company can use to protect the health and safety of employees
Answers: 1
Business, 21.06.2019 15:00
In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.
Answers: 3
Business, 21.06.2019 21:00
Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.
Answers: 1
Calgary Industries is preparing a budgeted income statement. Predicted sales for the year are $760,0...
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