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- Solve this step by stepEdmund Supplies Company sold 3,170 metal connectors on account to Door Incorporated for $200 each on September 15. Each metal connector costs Edmund $150 to make. Door has 60 days to return the unused goods. Edmund believes that Door will ultimately return 75 of the connectors. On September 29, Door returns 50 connectors. Edmund has a September 30 fiscal year end. At year end, Edmund believes 75 connectors is a good estimate of the total that will be returned. The cost of recovering these products is immaterial. Edmund expects to be able to resell these goods for a profit. Instructions Prepare the following journal entries on the books of Edmund Company: Entries to record the initial sales on September 15. Entries to record the return of goods September 29. Entries to record the year-end adjustment based on estimated returns on September 30.Blossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation (straight-line) $1,500 per month Advertising $350 per month Insurance $3,610 per month Weed and feed materials $20 per lawn Direct labor $7 per lawn Fuel $1 per lawn Blossom charges $80 per treatment for the average single-family lawn. For the month ended July 31, 2022, the company had total sales of $9,600.
- The Don't Bite Me pest control company has 10,000 gallons of insecticide supplies on hand that cost $300,000; a bill from the vendor for $100,000 of these supplies has not yet been paid. The company expects to earn $800,000 for its services when it uses the insecticide supplies. The company would report: Multiple Choice O $300,000 in assets under supplies and no accounts payable. $200,000 in assets under supplies and no accounts payable. $300,000 in assets under supplies and $100,000 in liabilities under accounts payable. $800,000 in assets under supplies and $100,000 in liabilities under accounts payable.Sunland provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation (straight-line) Advertising $1,400 per month $150 per month Insurance $2.300 per month Weed and feed materials $20 per lawn Direct labor Fuel $12 per lawn $3 per lawn Sunland charges $70 per treatment for the average single-family lawn. For the month ended July 31, 2022, the company had total sales of $9,100. Show Transcribed Text C ง Prepare a CVP income statement for the month ended July 31, 2022. SUNLAND CVP Income Statement For the Month Ended July 31, 2022 Fixed Costs Variable Costs Cost of Goods Sold Contribution Margin Sales Selling Expenses Gross Profit Administrative Expenses Net Income/(Loss) $ Total $ $ с Per Unit Percent of Sales % % % Attempts: 0 of 3 used Submit AnswerBlossom provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation (straight-line) $1,400 per month Advertising $100 per month Insurance $1,000 per month $13 per lawn $10 per lawn $2 per lawn Weed and feed materials Direct labor Fuel Blossom charges $50 per treatment for the average single-family lawn. For the month ended July 31, 2022, the company had total sales of $6,000.
- Burnet Cafe is a cafe specializing in making Spanish coffee. During their very first week they incurred the following costs; shop rent $2,500, purchases of coffee beans (20 x 1 kilogram bags at $13.00 each), purchases of disposable cups (1,000 x $0.05 each), 1 x fulltime barista $850. At the end of the week they had 300 cups remaining (Assume no cups were damaged or lost during the week). Each 1 kg bag of coffee beans can normally make 150 coffees. Based on the scenario above, what is the total cost of the coffee beans consumed in the first week? Select one: a. $66.00 b. $67.00 c. $63.43 O d. $60.67please help me answer this I promise to like your answer pleaseSheridan provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation (straight-line) $1,400 per month Advertising $250 per month $2,475 per month $17 per lawn $8 per lawn $2 per lawn Insurance Weed and feed materials Direct labor Fuel Sheridan charges $60 per treatment for the average single-family lawn. For the month ended July 31, 2022, the company had total sales of $8,400.
- Provide Answer please(b) Determine the company's break-even point in (1) number of lawns serviced per month and (2) sales dollars. (1) Break-even point in lawns (2) Break-even point in dollars $Cullumber provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation (straight-line) Advertising Insurance $1,400 per month $300 per month $3,130 per month Weed and feed materials $14 per lawn Direct labor Fuel $12 per lawn $2 per lawn Cullumber charges $70 per treatment for the average single-family lawn. For the month ended July 31, 2027, the company had total sales of $8,400. (a) Prepare a CVP income statement for the month ended July 31, 2027. CULLUMBER $ Total CVP Income Statement $ $ Per Unit Percent of Sales
