elcome, Quente...Library GenesisMacmillan Launch...(7) YouTubeMy Conversations...brc Apparel, Gifts & T..ELoginMy HomeSalesperson Total SalesVarlable Cost of Goods SoldVarlable Selling ExpensesCase$352,000$204,160$56,320Dix440,000224,40066,000Johnson575,000310,500103,500LaFave506,000242,88065,780Orcas552,000270,48077,280Sussman597,000208,95089,550Willbond459,000266,22064,260Required:1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contributionmargin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers.Waltham Industries Inc.Salespersons' AnalysisFor the Year Ended December 31Variable Cost of GoodsSold as a Percent of SalesVariable Selling Expenses Contribution MarginSalesperson Contribution Marginas a Percent of SalesRatioCase%%DixJohnsonLaFaveOrcas%SussmanWillbond1%%PreviousNextAll work saved.Email InstructorSubmit Test for Grading

Walthman Industries Inc. Salespersons' Analysis For the Year Ended December 31…

Answered: esperson Total Sales Variable Cost of…

esperson Total Sales Variable Cost of Goods Sold Varlable Selling Expe $352,000 $204,160 $56,320 440,000 224,400 66,000 son 575,000 310,500 103,500 ve 506,000 242,880 65,780 FE 000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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South Coast Boards Co. is a merchandising business. the account balances for south coast boards co. as of July 1, 2010 (unless otherwise indicated), are as follows:Check: 8. Net Income 693,800Click here for the SOLUTION110 Cash $63600112 A/R $153900115 Merchandise Inventory $602400116 Prepaid insurance $16800117 Store supplies $11400123 store equipment $469500124 Accum. Depr. --Store equip $56700210 A/P $96600211 Salaries payable $-310 capital stock $100000311 retained earnings, Aug 1 2009 $455300312 Dividends $135000313 Income summary $-410 Sales $3221100411 Sales return and allowances $92700412 Sales discounts $59400510 Cost of merchandise sold $1623000520 sales salaries expense $334800521 advertising expense $81000522 depreciation expense $-523 store supplies expense $-529 misc. selling expense $12600530 Office salaries expense $182100531 Rent Expense $83700532 insurance expense $-539 Misc. Administrative expense $7800During July, the last month of the fiscal year, the following…
https://www.bartleby.com/questions-and-answers/solve-the-following-ledger-please-1.-we-buy-goods-on-credit-for-dollar30000.00-we-pay-50percent-in-c/e657ebb4-e960-4a2c-81d5-b4ef23d6ba48 Solve the following ledger please 1. We buy goods on credit for $30,000.00, we pay 50% in cash, and the rest on credit. 2. We buy goods on credit for $150,000.00, we pay 50% in cash, 30% on credit and for the rest we sign a document. 3. On March 1, 2005, we bought merchandise for $65,000.00 and signed a document, for which they will charge us 1% per month. we paid on May 31, 2005. 4. On February 1, 2005, we took a loan from BBVA for the amount of $230,000.00, signing a promissory note at 17% per year for 60 days. the document was paid on March 31, its expiration date. (document with interest and document with discounted interest). 5. On June 1, 2004, we requested a loan from Mr. Adolfo López in the amount of $320,000.00, and we signed a promissory note at 15% per annum for 6 months. (both methods). 6. On…
In this activity, you are going to record a comprehensive transactions involving merchandising concern. Prepare the journal entries, T-accounts and trial balance of a merchandising concern. Cielo Bonita is engaged in buying and selling of novelty items. The following transactions have transpired for the month of Sept. 2020. Sept. 7 – Sold MDSE to Jay Cesar for P12,500. Terms: 2/10, n/30, FOB Shipping point. Sept. 8 – Purchased from COVID Furniture a display counted for P6,000. Terms : 50% down payment, balance 1/10, n/30. Sept. 9 – Sold MDSE to Giles Anthony for P14,000. Terms: 2/10, n/30, FOB destination. Paid freight cost of P800.
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