Chapter 4 accounting for merchandising BUSINESSES Problems P4–1 1. AQUA CO. Income Statement For the Year Ended June 30‚ 20Y8 Revenue from sales: Sales $ 3‚625‚000 Less: Sales returns and allowances $ 37‚800 Sales discounts 20‚200 58‚000 Net sales $ 3‚567‚000 Cost of merchandise sold 2‚175‚000 Gross profit $ 1‚392‚000 Operating expenses: Selling expenses: Sales salaries expense $ 388‚800 Advertising expense 45‚900 Depreciation expense—store equipment 8‚300
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a loss on it product it is producing. Formula to use for break even Breakeven = Fixed Costs Point (Selling Price – Variable Cost Per Unit) £250000 (£1.50 – 70p) 80p = £31500 units E.g.) |0utput |FC |VC |TC |TR |Profit | |0 |£250000
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Part 2: Summary of Social Work Speaks and “Unit 3” The section “Poverty and Economic Justice” in Social Work Speaks discusses the economy and its balance‚ or lack thereof‚ as well as the people who are impacted by the economy’s debilitating imbalance. The PowerPoint titled “Unit 3: Children and Poverty” helps to further understand the poverty crisis that our society is facing by focusing on the children who live in poverty. The social work profession is there to help those who are most vulnerable:
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Unit 1 The Business Environment Section 1 P1: Describe the type of business‚ purpose and ownership of two contrasting businesses Revlon Colorstay Foundation The product I have chosen is Revlon Colorstay Foundation. Foundation is a skin colored cosmetic to cover imperfections and create an even complexion. There are many different types of foundation such as liquid‚ powder‚ tinted moisturizer
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Level 3 Btec National Health and Social Care UNIT 6: Personal and Professional Development in Health and Social Care Assignment 1: Understand the Learning Process This assignment will be aimed at the following grading criteria for this unit: P1 P2 P3 P4 P5 P6 P7 M1 M2 M3 D1 D2 Grading
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15-441: Computer Networks Homework 1 Assigned: Sep 2‚ 2011 Due: Sep 15‚ 2011 1:30 PM in class Lead TAs: Athula Balachandran Wolf Richter 1 1 1 1 Byte KByte Mbps GHz Units 8 bits 210 bytes 106 bits per second 109 Hz 1. [Sec 1.5] Calculate the total time required to transfer a 1500 KByte file in the following cases‚ assuming a RTT of 10ms‚ a packet size of 1500 bytes‚ and an initial 3 RTT of handshaking before the actual data is sent. (a) The bandwidth is 10 Mbps and data packets can
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Summer reading assignment 2013 Units 1 through 3 Unit 1: Psychology’s History and Approaches What is Psychology? Psychology is the science of behaviour and mental processes. Psychology’s common questions are: How do our minds work? How do our bodies relate to our minds? How much of what we know is already present/is acquired through experience? Psychology’s Roots: Asia/Middle East In India‚ Buddha focused on how sensations and perceptions combine to form ideas. In China‚ Confucious
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Student ID Name Signature IT10086230 P.L.M.Madushanka IT10103050 K.K.G.N.T.Wijethilake IT10089064 D.G.M.Senadheera IT10103814 I.C.K. Abeywikrama DECLARATION We declare that the this project proposal report or part of it was not a copy of a document done by any organization‚ university‚ any other institute or a previous student project group at SLIIT and was not copied from the Internet or other sources. Project Details Project Title Developing a
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Ch18 Revenue Recognition (when it is realized or realizable‚ when it is earned) Revenue Recognition at point of sale: (1) Sales with Discounts (2) Sales with Right of Return: Three alternative revenue recognition methods‚ and recognize revenue only if all of six condition (3) Sales with buybacks (4) Bill and Hold Sales: buyer is not yet ready to take delivery but does take title and accept billing. Revenue is reported at the time title passes if (a) the risks of ownership have passed; (b) the
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producing too little insulin or none at all. It can also mean that the insulin can’t be used effectively. This can lead to many problems affecting nearly every part of your body. There are two main types of diabetes. Type 1 and type 2. Type 1‚ is an immune system disorder. In type 1 diabetes‚ the patient’s own immune system stops the insulin-producing cells in the pancreas‚ destroying the ability to manufacture insulin. People
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