Chapter 20, Problem 12ICA

A company sold goods for $12,000 on credit and later allowed a sales return of $2,000. Calculate the net sales to be reported in the income statement and explain the reasoning behind adjusting for returns. Help

Find the return on assets (ROA) in percentage Accounting question

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Orion Manufacturing is currently generating $800,000 in sales while operating at 90% of its fixed asset capacity. Fixed assets currently total $600,000. Sales are expected to grow to $1,100,000 next year. How much in new fixed assets are needed?

In May, one of the processing departments at Sundale Manufacturing had beginning work in process inventory of $45,000 and ending work in process inventory of $18,000. During the month, the cost of units transferred out from the department was $624,000. In the department's cost reconciliation report for May, the total cost to be accounted for under the weighted-average method would be ____.

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