Cost of Goods Sold Gross Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns Sales (Loss) 1. 5,000 80,000 24,000 130,000 38,000 2 126,000 6,000 48,000 145,000 46,500 264 800 167 000 62.800 186.200 7200

Q: Prepare the following a. Direct method  b. Step-down method (allocate MR first)  c. Step-down…

A: Part a: Direct Method: Workings:

Q: A7

A: A waterfall chart is a form of data visualization that helps in understanding the cumulative effect…

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: What do you mean by put option? Explain in 2 - 3 sentences

A: A Put option is an instrument which provides its holder an option to sell an underlying asset on a…

Q: I only needed c and d

A: Given, Access price per book $47 Variable cost per book $6 Fixed costs $155,000

Q: 2. Give one real life scenario where you can apply or experience the following concepts. a. Mark on:…

A: The price of a product may be different for different parties. A person who purchases an item for…

Q: Please answer sections d), e) and f)

A: Debt Management Ratios are financial metrics that provide insights into a company's ability to…

Q: When is the midmonth convention used? Give an example?

A: Depreciation means decline in the estimation of benefit inside its valuable life because of mileage…

Q: What are the conditions for third normal form (3NF)?

A:

Q: Explain preemptive right

A: Answer: A pre-emptive right is a benefit that can be granted to other owners in a company that gives…

Q: Last question help

A:

Q: Identify the correct payoff row. A. اذان اذان B. C. D. Position Long Call Short Put Short Call Long…

A: Long call=max(stock price- strike price,0. = Max(0,st-x)Short call =  -(max(0,(stock price- strike…

Q: Required b only, thank you!

A: Journal entries are the entries to be recorded in the accounting books of the business for all the…

Q: How about the second question?

A: As per the accounting standard- the effects of changes in foreign exchange currency, income and…

Q: Which decision is called the abandonment decision?

A: Answer: The decisions relating to the company that provides flexibility to discontinue the project…

Q: is part b answered in this?

A: Ledger posting. : When any transaction is made journal entry is passed, after that those entries are…

Q: so where the 2nd ansawer

A: Relevant cost is the cost which alters under two alternatives. Variable cost hence are relevant and…

Q: 2. Inventor of double entry system. A) Marshall B) Robins Lucas D) Batliboi Answer:- ...

A: Accounting- Accounting refers to the system that collects and processes( measures, records, and…

Q: Can you answer the last three please

A: 1. Income Statement - Income Statement include income earned and expenses incurred during the…

Q: Under Tier 2 Mudaraba: The Mudarib contributes only managment. a. TRUE b. FALSE

A: Tier 2 Mudaraba : This is a pre Islamic Arabic type of finance under which one individual provides…

Q: Explain the meaning of the following terms: markup,additional markup, markup cancellation, net…

A: Products are priced at the selling price and used to compare different product lines. The selling…

Q: Distinguish between vesting and non-vesting conditions.

A: Share-based payments: These payments agreements are the transactions in which a third party is…

Q: State any three(3) statements with why the Last in First out (LIFO) has an edge over First in First…

A: LIFO, Last-In-First-Out is a inventory valuation method used to value inventories. As per the…

Q: The numbers indicate that it would be profitable to accept a special order. Should we consider any…

A: We often see companies receiving special orders for selling a product from some customers. To…

Q: List the THREE things the closing process

A: Closing process defined asNecessary end of period steps to prepare  accounts for recording…

Q: want to know how to do the last two part.. thankssssss!

A: Prepare a statement of retained earnings for the year ended December 31, 2018 assuming net profit…

Q: The first amount was inccorect

A: Solution:- When equal amount is paid each period at end of period, it is called ordinary annuity.…

Q: two questions

A: Prepare an income statement.

Q: Where does the 12 come from in the second step?

A: Sales price = Cost per unit + Profit per unit  Cost = Direct material + Direct labor + Manufacturing…

Q: part b is incorrect. Can you rework it?

A: Here,Quarter Dividend is $1.50Growth Rate is 6.25%Required Return is 9%Quarterly Required Return is…

Q: Question 3.  Define what is Riba & describe two types of Riba with example for each

A: In Islam Riba is a term used to refer excess, increase, or addition to the price in case of lending,…

Q: Please answer section d) only

A: Degree of combined leverage (DCL) It is a leverage ratio that includes the combined effects, caused…

Q: the last one is showing wrong

A: Answer 3) When a special order circumstance occurs, management must compute the necessary costs to…

Q: What are some types of divestitures?

A: A divestiture or divestment is the disposal of the company’s assets or a through sale, exchange,…

Q: Describe about the deferrals? Explain it in detail.

A:

Q: the last answer is incorrect, try again

A: Future value of the amount is the amount of deposit done and amount of interest accumulated over the…

Q: Mobile Co. issued a $59,421, 60-day, discounted note to Guarantee Bank. The discount rate is 11%. At…

A: Discounting:   It is the process where the bill is given to a bank to get the bill discounted before…