The total assets are based upon the two dates reported above, which are June 11, 2011, and March 19, 2011. For June 11, 2011, the total assets were 17.917.00. For March 19, 2022, the total assets were 16, 512.00. There was an increase in the total assets between the three-month period. • What amount of accounts payable did the company have at the end of its 2 most recent annual reporting periods?
On December 31, 2011, Turner reports a Building account of $182,000 and Plaster reports a Building account of $510,000. What is the consolidated balance of the Building account? a. $720,000. b.
This is the primary division for Colgate-Palmolive, accounting for 43% of total sales. The personal care category consists of liquid hand soap, shower gels, bar soaps, deodorants, and antiperspirants. Colgate-Palmolive is the leader in hand soap sales in the United States with its line of Softsoap. The home care division is made up of dishwashing liquids, household cleaners, and fabric softeners. The pet nutrition category consists of pet food sold by authorized pet supply retailers under the Hill’s Science Diet and Hill’s Prescription Diet label.
An advertisement for shampoos says that it is pure shampoo, with nothing artificial added. Is this shampoo a substance or a mixture? Explain. (10 points) I would say that it is a mixture because even if it is a natural product it still have more then one substance in it because it has to have a mIxture of pure substance to allow for it to proper clean and moisturizing of your hair. 6.
5. The journal of Bell Technology Solutions, Inc., includes the following entries for August, 2010: Requirements R1. Describe each transaction. R2. Set up T-accounts using the following account numbers: Cash, 110; Accounts receivable, 120; Supplies, 130; Accounts payable, 210; Common stock, 310; Service revenue, 410; Rent expense, 510; Salary expense, 520.
To get the gross amounts we add the total amount of reserve for obsolete inventory ($20,129 for 2007 and $17,315 for 2006)) to the net Inventories for ’06 and ’07. iii. What portion of the reserve for obsolete inventory do you think attributable to each of the three types of inventory held by Callaway? Total = $20,129.00; Raw Materials Inventory= ; Work-in-Process Inventory= ; Finished Goods Inventory= . d. Recreate the journal entries Callaway prepared to record the activity in the reserve for obsolete inventory account during 2007 (in thousands).
| 5,384,000 | | 4,207,000 | | 3,981,000 | | Noncontrolling interests | 11,000 | | 7,000 | | (15,000) | | Total equity (deficit) | 5,395,000 | | 4,214,000 | | 3,966,000 | | http://www.mergentonline.com.proxy-library.ashford.edu/companyfinancials.php?pagetype=asreported&compnumber=4788&period=Annuals&dataarea=BS&range=3&currency=AsRep&scale=AsRep&Submit=Refresh This horizontal analysis will use 2012 as the base year for comparison. Horizontal Analysis | 2012 | 2013 | 2014 | Sales | 90,374,000 | 96,751,000 +7.06% | 98,375,000 +8.85% | Net Earnings | 843,000 | 2,302,000 + 173.07% | 2,282,000 +170.70% | Interest Expense | 435,000 | 462,000 + 6.21% | 433,000 -.46% | Net Earnings per Share | 1.01 | 2.78 +175.25% | 2.93 +190.1% | Cost of Goods Sold | 71,494,000 | 76,858,000 + 7.50% | 78,138,000 +9.29%
An operating system is the value creating activities that convert a company’s input into finished goods and services. Materials management is the set of activities that controls the flow of resources into and out of a firm’s operating system (Jones, 2007). Regis Hair Salon Paul and Francis Kunin opened the first Kunin Beauty Salon in 1922. It was not long after that the Kunins opened several more value-priced salons within department stores. Merging women who love to buy new things with getting their hair done was a brilliant idea.
Income Statement figures for the most recent fiscal year Cost of goods sold Amount | Percentage of total revenue | $47,860,000,000 | 68.50% ($47,860,000,000/$69,865,000,000) | Reference: Consolidated Statements of Operations, Form 10-K, Page 31. Reference: Footnote 3 - Cost of Sales and Selling, General and Administrative Expenses, Form 10-K, Page 35. Reference: Footnote 11 –Inventory, Form 10-K, Page 42. Gross profit Amount | Percentage of total revenue | $22,005,000,000 ($69,865,000,000 - $47,860,000,000) | 31.50% ($22,005,000,000/$69,865,000,000)
Stock Number Annual $ Volue J24 12,500 R26 9,000 L02 3,200 M12 1,550 P33 620 T72 65 S67 53 Q47 32 V20 30 What are the appropriate ABC groups of inventory items? (4 points) Stock Number Annual $ Volume % of Annual Volume % of Total Class: J24 12,500 46.21 79.48 A R26 9,000 33.27 L02 3,200 11.83 19.85 B M12 1,550 5.73 P33 620 2.29 T72 65 0.24 0.67 C S67 53 0.20 Q47 32 0.12 V20 30 0.11 Total Annual Volume 27,050 Problem 2: Assume you have a product with the following parameters: Holding cost per per unit Order per order What is the EOQ? What is the total cost for the inventory policy used? (4 points) Problem 3: Assume that our firm produces type C fire extinguishers. We make 30,000 of these fire extinguishers per year.