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I need help with the following multiple choice question. 1. If Year 1 equals $800, Year 2 equals $1040, and Year 3 equals $1060, the

I need help with the following multiple choice question.

image text in transcribed 1. If Year 1 equals $800, Year 2 equals $1040, and Year 3 equals $1060, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is 130%. 102%. 133%. 77%. 2. Whispering Winds Corp. just began business and made the following four inventory purchases in June: June 1 160 units $1109 June 10 210 units 1638 June 15 210 units 1764 June 28 160 units 1408 $5919 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory (rounded to whole dollar) for June is $1387. $1760. $1744. $1421. 3. Wildhorse Co. purchased office supplies costing $7560 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2700 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: debit Supplies Expense, $4860; credit Supplies, $4860. debit Supplies Expense, $2700; credit Supplies, $2700. debit Supplies, $2700; credit Supplies Expense, $2700. debit Supplies, $4860; credit Supplies Expense, $4860. 4. Nash's Trading Post, LLC began the year with $93200 in its Common Stock account and a debit balance in Retained Earnings of $40000. During the year, the company earned net income of $20000 and declared and paid $6700 of dividends. In addition, the company sold additional common stock amounting to $24400. Based on this information, what should the transaction analysis show for the ending total of all stockholders' equity accounts? $170900 $90900 $184300 $122100 5. Use the following data to determine the total amount of working capital. Bramble Corp. Balance Sheet December 31, 2017 Cash $127100 Accounts receivable 125000 Inventory Prepaid insurance Stock investments (longterm) Land Buildings Less: Accumulated depreciation 213400 86100 $153500 Common stock $363500 28900 273200 $455600 254500 284500 $336500 (64100) 272400 Trademarks 202600 Total assets $1565600 $283100 Accounts payable Salaries and wages payable Mortgage payable Total liabilities Retained earnings 746500 Total stockholders' $1110000 equity Total liabilities and stockholders' $1565600 equity $623700 $399200 $369200 6. Blossom Company purchased merchandise inventory with an invoice price of $13400 and credit terms of 2/8, n/30. What is the net cost of the goods if Blossom Company pays within the discount period? $10184 $13132 $13196 $13400 7. Assume the following cost of goods sold data for a company: 2018 $1292860 2017 2016 1219000 1018000 If 2016 is the base year, what is the percentage increase in cost of goods sold from 2016 to 2018? 20% 27% 6% 127% 8. Use the following data to determine the total dollar amount of assets to be classified as investments. Windsor, Inc. Balance Sheet December 31, 2017 Cash $69000 Accounts receivable 104500 Inventory Prepaid insurance Stock investments (longterm) Land Buildings Less: Accumulated depreciation 104500 76500 Accounts payable Salaries and wages payable Mortgage payable Total liabilities $129500 Common stock $268200 13300 154500 $297300 196000 196500 $215500 (64500) 151000 Trademarks 115500 Total assets $1053500 Retained earnings 488000 Total stockholders' $756200 equity Total liabilities and stockholders' $1053500 equity $340500 $196000 $300500 $0

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