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Read moreCategory: Accounting
Financial is concerned with reporting to external parties while managerial provides information for use within the organization
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Financial is concerned with reporting[…]
Read more“Use the following information for The Auto Glass Medic, a retail merchandiser of auto windshields, to compute the cost of goods sold:Web Site Maintenance: $7,400Delivery Expense: $300Freight In: $2,200Purchases: $47,000Ending Merchandise Inventory: $4,500Revenues: $60,000Marketing Expenses: $10,900Beginning Merchandise Inventory: $8,000”,”Beginning Merchandise Inventory + Purchases + Freight In= Cost of Goods Available for Sale. Cost of Goods Available for Sale – Ending Merchandise Inventory = Cost of Goods SoldBeginning Merchandise Inventory ($8000) + Purchases ($47,000) + Freight In ($2,200) = Cost of Goods Available for Sale ($57,200) – Ending Merchandise Inventory ($4,500) = Cost of Goods Sold ($52
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Read moreY = a + bXY – total mixed costa – total fixed costb – variable cost per unit of activityX – total level of activity
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Read more“Consider the following partially completed income statements for merchandising companies and compute the missing amounts:Rustic GearFind: A. Beginning Merchandise Inventory, B. Cost of Goods Available for Sale, and C. Selling and Admin ExpensesFind: A. Sales, B. Purchases and Freight In, C. Cost of Goods Sold, D. Operating Income”
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Read more“The BE point depends on the total mix of the various products sold due to different selling prices, costs, contribution margins”
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Read moreSelected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions.
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Read moreDifferential Analysis
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Read more“Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions.Requirement:Using the above data, calculate total current assets for each company. ”
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Read moreTotal contribution divided by number of units
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