What is Sales Mix and why is it used in retail operations?

Q: Burchard Company sold 39,000 units of its only product for $16.80 per unit this year. Manufacturing…

A: Solution: New selling price per unit = $21,84 per unit New direct material cost per unit = $1.32 per…

Q: Cost of Gross Goods Sales Net Ending Profit Beg Inventory Purchases Inventory Net Sales returns…

A: Formula: Gross profit - Net sales - cost of goods sold

Q: hafford Inc. currently manufactures 2000 subcomponents in one of its factories. The unit costs to…

A: In this question, we are required to calculate the percentage (%) of increase that Chafford Inc, can…

Q: ABC Company has an agreement to pay its sales manager a bonus of 5% of the income after bonus and…

A: ANSWER INTRODUCTION  HERE IN THIS QUESTION BONUS PAID TO SALES MANAGER IS 5% OF THE INCOME AFTER…

Q: The controller of Feinberg Company is gathering data to prepare the cash budget for July. Heplans to…

A: A cash budget is a forecast of a company's free cash flow over a set period of time. This budget…

Q: Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO…

A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…

Q: This year, Lambert Company will ship 1,500,000 pounds of goods to customers ata cost of $1,200,000.…

A: Answer) Calculation of Shipping Cost Assigned to the customer Shipping Cost Assigned to the customer…

Q: QUESTION 30 John received a bulding as a gift from his grandmother. At the time of the gift the…

A: Gain or loss of Transaction To determine the gain or loss of the transaction which is the amount…

Q: (d)   Current ratio   enter the ratio rounded to 2 decimal places :1 (e)   Accounts receivable…

A: Ratio analysis refers to the process of calculating various ratios, on the basis of various…

Q: materials (fiberglas labor le manufacturing ovex ed on direct labor ho manufacturing overhea .000 +…

A: The journal entries have been mentioned below.

Q: French Vanilla Company commenced operations in the current year. A number of expenditures were made…

A: Introduction Intangible assets is an identifiable non-monetary asset which are not physical in…

Q: Granite Company purchased a machine with cost of $90,000 and salvage value of $6,000. The life of…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: On february 5, 2018, nicanor merchandising has purchased goods on account amounting to 500,000 with…

A: 3. If Nicanor do not pays within discount period then discount will not given to Nicanor Discount=…

Q: Consider Taxpayers A and B who are in the same marginal tax bracket because of equal salaries. They…

A: Introduction Taxpayers must not include their capital gains in ordinary income, instead they must…

Q: Tezos Co. reported the following capital structure at the beginning of the current year: Ordinary…

A: Net income means PAT i.e Profit after taxation.   Particulars Amount PAT 1,920,000 Less:…

Q: Calculate ending inventory and cost of goods sold for the year, assuming the company uses…

A: Answer:

Q: isa is a 30 years old woman that lives in Kuala Lumpur. She formed a cosmetic company called Lisa…

A: Company A company refers to the voluntary association of the persons joined together for a common…

Q: ock from Syarikat Burung Emas worth RM9,000 by cash transfer. 10-Jan-21 Purchased office equipment…

A: A balance sheet is a financial statement that displays a corporation's assets, liabilities, and…

Q: The above figures are taken form the accounting records of L Stokes Sdn Bhd, a recruitment agency,…

A: Answer:

Q: Analyza the following business transaction of Dr. Kho Clinic using the rules of debits and credits.…

A: 1 Insurance premium is paid for the year. So, it is debited to prepaid insurance account.  At the…

Q: A milling machine has an initial cost is Php 370,000 and a service life of 10 years. Determine the…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: Which of the following best describes the auditors’ approach to auditing property, plant and…

A: As per the guidelines, only one question is allowed to be solved. Please resubmit the question…

Q: Prime Corp acquired 90% of the outstanding ordinary share of Bee Company. On March 31, 2030, Prime…

A: In the context of the given question, Prime Corp acquired 90% of the outstanding ordinary share of…

Q: Africa Traders, a registered VAT vendor, manufactures and sells plastic toys. The VAT rate is 15%.…

A: VAT stands for Value Added Tax,. Formula is mentioned below-  VAT= Output Tax – Input Tax.

Q: Which of the following would you recommend to clients who want to increase the potential for their…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : There…

Q: DZL. 7-2 Project: Company Accour X D21. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: Q1/The cost of a vehicle at the time of purchasing is (80,000)$, its expected useful life is (10)…

A: Annual straight-line method depreciation=Cost of Asset-Salvage Valueuseful life

Q: Cash 5,209 Accounts Receivable 2,798 Prepaid Expenses Equipment Accumulated Depreciation Accounts…

A: Introduction: Balance sheet: All Assets and liabilities are shown in balance sheet. It tells the net…

Q: Problem 1 - Prepare a bank reconciliation The following information relates to M Park Corporation…

A: Bank reconciliation is the summary showing balances as per the bank and books which are required to…

Q: A piece of airport baggage-handling equipment can be purchased for $85,000 outright or for $90.00 to…

A: The time value of money is a concept that the value of money changes over a period of time whether…

Q: Rebecca's Equestrian Supplies sells riding saddles. On July 1, 2008, Rebecca had 9 saddles in…

A: Cost of Goods Sold=Beginning Inventory+Purchases-Ending Inventory

Q: a. Show the accounting entries that you would make to record depreciation on tractors of R20 000,…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: From the practice on page 10-4 of the VLN, how many of shares of common stock were issued?_____

A: Common stock: Common stock is a part of the total stock held by a corporation which are divided into…

Q: DZL. 7-2 Project: Company Accour X D21. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x…

A: Return on common stockholders equity can be calculated by dividing net income by stockholders…

Q: Africa Traders is a registered VAT vendor and uses a Periodic inventory system. Africa Traders buys…

A: Journal is the book of prime entry .  We record the entry of…

Q: Harney Inc has prepared the following budgets for march. In march, budgeted production equals…

A: The cost of goods sold is also known as product cost. It includes direct material, direct labor, and…

Q: An asphalt road requires no upkeep until the end of 2 years when P60,000 will be needed for repairs.…

A: Equivalent Annual cost: Equivalent Annual cost (EAC) is the yearly expense of buying, working, and…

Q: What are the process during a committee meeting?

A: A committee meeting is a formal gathering of a subgroup within an organisation who come together to…

Q: -the book value at the end of (4th ) year using sum of year digits method. -If the vehicle sold…

A: Answer:

Q: Allison is 29 years old and plans to retire at age 65 with ​$1,470,000 in her retirement account.…

A: Present Value- Present value is the conception that states a total of money today is value more than…

Q: The uneamed rent account has a balance of P36,000. If P4,000 of the P36,000 is unearned at the end…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: a. What amount of joint product cost would be allocate to each product? b. What is financial…

A: Lets understand the basics. For allocating joint process cost, there are various methods are…

Q: On January 1, 2018, ABC Co. established a share appreciation rights plan for the executives. The…

A: FOR YEAR 2018   ON 1 JANUARY, 2018 ON 31 DECEMBER, 2018 EQUITY ALTERNATIVE (60000 *20) 1200000…

Q: Pharoah Company manufactured 6,720 units of a component part that is used in its product and…

A: given   Pharoah Company manufactured 6,720 units of a component part that is used in its product and…

Q: At the beginning of period, Ammar Co. had balances in account receivable of $ 400,000 and allowance…

A: As per the guidelines, since the question has multiple sub-parts, the solution of the first four…

Q: The following is data collected by Bees Co. for the month of June: Static budget data: Sales…

A: The variance is the difference between the actual data and standard output of the production.

Q: 2022 Boxes of coffee sold 800,000 Number of planners purchased at P50 each 20,000 Coupons redeemed…

A: Estimated liability is defined as the obligation which could be estimated reasonably. In short, it…

Q: Rent Income, net of 5% creditable withholding tax 500,000.00 Professional Fees, net of 10%…

A: Any income received by a domestic corporation is treated as a regular/ordinary income and therefore…

Q: A sneaker outlet has made the following wholesale purchases of new running shoes: 12 pairs at…

A: As per FIFO, the ending inventory would consist of the last inward items as the first items would be…

Q: On January 1, 20x1, the partners of ABC Co. decided to liquidate their partnership. The following…

A: Realisation A/c  Particulars  Amount  Particulars  Amount  To Accounts receivable P240,000 By…