Form ID Number: Inventory Worksheet

5.    Prepare any necessary adjusting entries to reflect the Inventory count at year end. These must be hand written.

|SALES AND COST OF GOODS SOLD BY PRODUCT LINE | | | |Date: | | | |

BALANCE SHEET |Dec 1990 |Jan |Feb |Mar |Apr |May |June |July |Aug |Sept |Oct |Nov |Dec | |Cash |175 |556 |724 |175 |175 |175 |175 |175 |175 |175 |175 |175 |175 | |Accts receivable |2,628 |958 |234 |271 |270 |250 |250 |270 |1,603 |3,113 |3,580 |3,982 |3.063 | |Inventory |530 |948 |1,355 |1,749 |2,157 |2,564 |2,971 |3,365 |2,904 |2.314 |1,549 |697 |530 | |Net P/E |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 |1,070 | |Total Assets |4,403 |3,533 |3,383 |3,265 |3,672 |4,059 |4,466

Second, this design maximizes the visual and informational presentation for the financial data. Given this design, the user of the information can readily identify what items belong to a certain department, and how many items were in to arrive at the total cost for a particular item for the period. Third, given the presentation of the total amount and quantity on hand for an item, the information user can easily calculate the effective average purchase price for an item. Recommend improvements to the data table The data tables, specifically the Pivot table, may be improved on by arranging the codes chronologically; sort the data by compiling

Accounts receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 646,339 558,851

Name: ________________________________ Date: _________________ [1]BASIC BANK01 - BAT 003 Which of the following statements is true? A. An asset account is increased by a credit B. An expense account is increase by a credit C. A revenue account is decreased by a credit D. An equity account is decreased by a debit [2]BASIC BANK02 - BAT 010 The Income Summary account contains: A. Total revenues and total expenses for the year B. Total assets and total liabilities at year end C. Total revenues, expenses, assets, and liabilities

In a tryout involving clever viewer, a series of matter occur according to an every single one nearly schedule. In Kitzmiller, each side named six adroit looker concerning Borderland 1, 2005. On Apr 1, roomy checking account s were produced by each adroit. Rebutter competent were subsequently named, and rebuttal skilled reports, if any, were filed re May 15. Depositions were scheduled as well as May and August. The position of an accomplished description is to own happening the belief of the expert, and the evidence approaching which he or she will rely. This version is used by opposing counselling for cookery for addition and proceedings testimonial. At test, experts are governor to testify by yourself very about their particular issue of

1. Cash (Exhibit 7-11)............................................ $1,875 2. Gross sales revenue (Exhibit 7-9)................... $7,491 Less: Sales discounts (Exhibit 7-9)................ (35) Net sales revenue............................................. $7,456 3. Purchased furniture on account— Purchases journal p. 8 (Exhibit 7-10) 4. City Office Supply November 30 balance (Exhibit 7-11)............... $ 543

10. A segment of a business enterprise is to be reported separately when the revenues of the segment exceed 10 percent of the

Milligan’s Backyard Storage Kits, a mail order company, sells a variety of backyard storage unit kits and landscaping decorations to its customers. Although the company makes a profit, David Milligan, the company’s owner, realizes that he can improve his company’s operations if he better manages his inventory. Mr. Milligan requests your help in preparing an Inventory Analysis worksheet. The Inventory Analysis worksheet provides Mr. Milligan with information about his annual sales, cost of goods sold, gross profit, and markup on this products. Preparing the worksheet for Mr. Milligan requires you to insert columns, use several functions, and apply proper formatting to the

Milligan’s Backyard Storage Kits, a mail order company, sells a variety of backyard storage unit kits and landscaping decorations to its customers. Although the company makes a profit, David Milligan, the company’s owner, realizes that he can improve his company’s operations if he better manages his inventory. Mr. Milligan requests your help in preparing an Inventory Analysis worksheet. The Inventory Analysis worksheet provides Mr. Milligan with information about his annual sales, cost of goods sold, gross profit, and markup on this products. Preparing the worksheet for Mr. Milligan requires you to insert columns, use several functions, and apply proper formatting to the

4. May Department Stores is a merchandising company and I would link it with balance sheet number four. First clue are the inventories, 23, 2 % of total assets, usual for this type of company. As stated above, the offer their own credit cards, which can be explained the level of account receivables, 25, 7 % of total assets. Compared to the other five companies, May Departments Stores have an amount of PPE (20 % of total assets) that suits best for this type of company. The current liabilities are relatively high, 38, 3 % of total liabilities and shareholders’ equity, usual for merchandising company and a low level of long term debt, 9, 3 %.

Transition: Now that we know our ingredients, we can begin with our steps to making the recipe.

Tampa Foundry began operations during the current year, manufacturing various products for industrial use. One such product is light-gauge aluminum, which the company sells for $36 per roll. Cost information for the year just ended follows.

In this case, a summary sheet which contains 14 sets of financial data from 14 different industries is provided. The task is to match 14 different firms with 14 industries by distinguishing the differences (e.g. sources of financing, profitability, the inventory turnover and the accounts receivable collection period) in the financial structures.