The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

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Answer 1

Question

Chapter 21.2, Problem 1-4SC

To determine

To calculate: The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

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Answer 2

Question

Chapter 21.2, Problem 1-4SC

To determine

To calculate: The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

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Answer 3

Question

Chapter 21.2, Problem 1-4SC

To determine

To calculate: The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

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Answer 4

Question

Chapter 21.2, Problem 1-4SC

To determine

To calculate: The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

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Answer 5

Chapter 21.2, Problem 1-4SC

To determine

To calculate: The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

Answer 6

Chapter 21.2, Problem 1-4SC

To determine

To calculate: The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

Answer 7

Chapter 21.2, Problem 1-4SC

To determine

To calculate: The total operating cost and net income to show financial information for 2016 when Amaya’s Soul Food Catering gross sales of $597341, sales returns and allowances of $10514, beginning inventory cost of $38917, cost of purchases $261053, year-end inventory of $42013 and the operating expenses are salary $90500, insurance $12200, utilities $7582, maintenance $1077, rent $18400, depreciation $2700.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 21.1 - Prob. 1-1SC Ch. 21.1 - Prob. 1-2SC Ch. 21.1 - Prob. 1-3SC Ch. 21.1 - Prob. 1-4SC Ch. 21.1 - Prob. 2-1SC Ch. 21.1 - Prob. 2-2SC Ch. 21.1 - Prob. 2-3SC Ch. 21.1 - Prob. 2-4SC Ch. 21.1 - Prob. 3-1SC Ch. 21.1 - Prob. 3-2SC

Solution Summary: The author calculates the total operating costs and net income of Amaya's Soul Food Catering, based on gross sales of 597341, sales returns and allowances of 10514, beginning inventory cost of 38917, cost

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