Desert Rose Nursery records plant losses monthly. June inventory shows: flowering plants 300 units at $8 each, damaged/dead 25 units. The plant loss to be written off:
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- A vegetable stand owner purchases onions at the rate of P350 per kg daily and sells it at the rate of P375 per kg. The unsold product at the end of the day can be disposed off the next day at the salvage value of P275 per kg. Past sales have ranged from 30 to 38 kg per day. What is store owner loss per kg of onion if left unsold?In accordance with IFRS 15,assuming all information are the same, except that at the end of the year 15,000 units of correction tapes are estimated to be distributed instead of 20% of the ballpens will not be redeemed by customers and an additional P 25 must be collected aside from 10 used ballpens only, how much is the total revenue for the year? In accordance with IFRS 15,assuming all information are the same, except that at the end of the year 15,000 units of correction tapes are estimated to be distributed instead of 20% of the ballpens will not be redeemed by customers , how much is the unearned revenue from premium claims at the end of the year?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.
- dont give answer in image formatE19-8 All/That Blooms provides environmentally friendly lawn services for homeowners. Its operáting costs are as follows. Depreciation Advertising $1,400 per month $200 per month month $2,000 per $12 per lawn $10 per lawn $2 per lawn Insurance Weed and feed materials Direct labor Fuel All That Blooms charges $60 per treatment for the average single-family lawn. Instructions Determine the company's break-even point in (a) number of lawns serviced per month and (b) dollars. The inn has 50 CoA6 Kasavu Seed and Herbicide (KoSH) buys 20 litre drums of Rounddown herbicide by the pallet of 50 drums. Each drum sells for $200 and costs $150 landed in the store. About 3000 drums of this size are sold each year. Occasionally (averaging one drum in every 8 pallets) a drum is holed in the store and is unsaleable. It costs $10 additionally to dispose of the holed drum and contents and clean up the mess. Other holding costs average $10 per pallet. Order costs are estimated to be $1.
- A property has the following: 100 studio units renting for $900 / month 120 one-bedroom units renting for $1,200 / month 125 two-bedroom units renting for $1,500 / month Vacancy and uncollectible rent losses amount to 7% of potential gross rent Parking income amounts to $2,500 / month What is the annual Effective Gross IncomeOn April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available: Sales, January 1 through April 15 $300,000 Inventory, January 1 50,000 Purchases, January 1 through April 15 250,000 Markup on cost 25% The amount of the inventory loss is estimated to be $Toowoomba Seed and Herbicide (ToSH) buys 20 litre drums of Rounddown herbicide by the pallet of 50 drums. Each drum sells for $200 and costs $150 landed in the store. About 3000 drums of this size are sold each year. Occasionally (averaging one drum in every 8 pallets) a drum is holed in the store and is unsaleable. It costs $10 additionally to dispose of the holed drum and contents and clean up the mess. Other holding costs average $10 per pallet. Order costs are estimated to be $1. What is the EOQ?
- The following represents the financial information for Plaza Plastics for May and June: June $636,000 Sales revenue Costs Scrap Process inspection Quality training Product testing equipment Field testing Warranty repairs Rework Preventive maintenance Legal expense for warranty claims Materials inspection Required A Required B Prevention May $ 843,000 % $ 2,160 3,040 23,940 Required: a. Classify these items into Prevention, Appraisal, Internal failure, or External failure costs. b. Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. June 5,340 8,580 3,540 Complete this question by entering your answers in the tabs below. % 19,940 16,380 7,980 11,460 Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for May and June. Note: Round your percentage answers to 1 decimal place (i.e., .321 as 32.1). May $ 1,870 1,920 11,880 4,500 6,480 3,240 16,830 8,730 4,500 11,340A farming company buys hogs at the end of Year 1 for $200,000. During Year 2, it costs $40,000 to feed and care for the hogs. At the end of Year 2, the estimated fair value of the hogs is $300,000. The estimated cost of selling hogs is 3% of fair value. What is the impact on Year 2 net income? a) no income or loss reported because the $40,000 in costs are capitalized. b) net loss of $40,000 c) net income of $57,000 d) net income of $100,000On October 1, 2021, the warehouse of ABC Co. and all inventories contained therein were razed by fire.Off-site back up of database shows the following information:Inventory, Jan. 1 20,000Net purchases 190,000Net sales from Jan. to Sept. 240,000Gross profit rate based on cost 25% Twenty percent of the inventory contained in the warehouse has been salvaged from the fire while half ispartially damaged and can be sold as scrap at thirty percent of its cost. How much is the inventory lossdue to the fire?
