Book Title
10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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Question
Chapter 12, Problem 1IS
Summary Introduction
Case summary:A company AP conducts business online with another company BD.
To find: The determinant factors for the effects of electronic documents that evidenced that the parties are in the deal.
Summary Introduction
Case summary:A company AP conducts business online with another company BD.
To find: The necessity of the signature of the parties in the online businesses.
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Students have asked these similar questions
Metlock Express reports the following costs and expenses in June 2022 for its delivery service.
Indirect materials used
$6,940
Drivers' salaries
$17,280
Depreciation on delivery equipment
12,040
Advertising
5,080
Dispatcher's salary
5,400
Delivery equipment repairs
324
Property taxes on office building
980
Office supplies
702
CEO's salary
12,960
Office utilities
1,080
Gas and oil for delivery trucks
2,320
Repairs on office equipment
206
Determine the total amount of (a) delivery service (product) costs and (b) period costs.
Delivery service (product) costs
Period costs
$
AA
Current Attempt in Progress
In alphabetical order below are current asset items for Skysong Company's balance sheet at December 31, 2025.
Accounts receivable
$184,000
Cash
56,800
Finished goods
83,600
Prepaid expenses
35,200
Raw materials
76,600
Work in process
79,800
Prepare the current assets section. (List Current Assets in order of liquidity.)
SKYSONG COMPANY
Balance Sheet (Partial)
$
ASSETS
$
$
Sharon Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Carla Vista Company's six
divisions. Sharon made the following presentation to Carla Vista's board of directors and suggested the Percy Division be eliminated.
"If the Percy Division is eliminated," she said, "our total profits would increase by $25,300.
The Other
Five Divisions
Percy
Division
Total
Sales
$1,663,000
$100,900
$1,763,900
Cost of goods sold
978,400
76,500
1,054,900
Gross profit
684,600
24,400
709,000
Operating expenses
528,500
49,700
578,200
Net income
$156,100
$(25,300 )
$130,800
In the Percy Division, cost of goods sold is $60,100 variable and $16,400 fixed, and operating expenses are $29,100 variable and
$20,600 fixed. None of the Percy Division's fixed costs will be eliminated if the division is discontinued.
Is Sharon right about eliminating the Percy Division? Prepare a schedule to support your answer. (Enter negative amounts using either a
negative sign preceding the…
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