(a2) Compute ending inventory, cost of goods sold, and gross profit. (Round answers to O decimal places, e.g. 6,548.) Ending inventory $ Cost of goods sold Gross profit $ $

Q: Define special purpose entity (SPE)

A: A special purpose entity is a legally separate enterprise that bears liability to an organization.…

Q: Can subparts 4 and 5 be answered on this problem

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Q: Briefly explain last-in, first-out (LIFO)

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: hank you for the explanation. Could you also help with option 4-

A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…

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A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

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A: Answer: Declaration data is nothing a date the dividends are declared. This is usually done first…

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A: Debt Value = $2,700,000Current Debt-to-equity ratio = 30%Increased Debt-to-equity ratio = 50%EBIT =…

Q: question 33

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Q: Could you please help with part c now?

A: Quantitative Easing  (QE): It is a form of monetary policy. Under quantitative easing , the central…

Q: Complete the remaining sub-parts

A: Adjusted journal entries made at the end of an accounting period to adjust some accounts to ensure…

Q: Please also help on part 4 and 5.

A: I have answered only part 4 and part 5, i took some required information from previously answered…

Q: Can you help with the second part?

A: Cost of goods sold is the cost of the value of the inventory which has been sold during the period…

Q: can you please solve the second question

A: Cost per good unit is calculated as total cost divided by number of good units. The cost can be…

Q: can i please get a correct answer for that question

A: The statement of comprehensive income is computed by adding the net income – which is found by…

Q: Explain an example of source documents.

A: Source documents: The documents which contain evidence of accounting data to record the transactions…

Q: What is full form of CIP? Explain about it.

A: Carriage and Insurance Paid to is the full form of CIP

Q: Is there a way you can provide an example for number 3?

A: Break-even level is computed by the company at which company has sufficient amount of revenue…

Q: Please provide the explanation of  part a and Part

A: Part a: Common stock=Number of issued shares×Par value of the stock=542 shares×$0.0375 per share=$20…

Q: what are the solutions for questions 4 & 5?

A: The following inventory methods used for inventory valuation as follows under:--Specific…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.