FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kentsdale sells hair brooches. Following information summarizes Kentsdale's operating activities for 2021 Selling and Administrative Expense Purchases Sales Revenue Inventory, Jan 1, 2021 Inventory. Dec

image text in transcribed
Kentsdale sells hair brooches. Following information summarizes Kentsdale's operating activities for 2021 Selling and Administrative Expense Purchases Sales Revenue Inventory, Jan 1, 2021 Inventory. Dec 31, 2021 45,000 70,000 150,000 9,000 8,000 Calculate the operating income for 2021 36,000 oa 34,000 ob 31.000 0 79.000 Od Click Save and submit to wand unit. Click Save All Antall ans

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Accounting

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

20th Edition

0324025424, 978-0324025422

More Books

Students also viewed these Accounting questions

Question

★★★★★
A small ball of volume V made of paramagnetic with susceptibility X was slowly displaced along the axis of a current-carrying coil from the point where the magnetic induction equals B out to the...

Answered: 1 week ago

Question

★★★★★
Draw a value chain and free cash flow chain for an existing business dominated by a few large players. How can you use the Internet, personal computer, and other information technology to capture...

Answered: 1 week ago

Question

★★★★★
Why is rejecting ????0 a reliable decision?

Answered: 1 week ago

Question

★★★★★
In year 0, Javens, Inc. sold machinery with a fair market value of $400,000 to Chris. The machinery's original basis was $317,000 and Javens's accumulated depreciation on the machinery was $50,000,...

Answered: 1 week ago

Question

★★★★★
Petty cash fund entries Joumalize the entries to record the following: a. Check No, 12-375 is issued to establish a petty cash fund of $1,400. b. The amount of cash in the petty cash fund is now...

Answered: 1 week ago

Question

★★★★★
To perform well on a cross-functional team, the team member should Question 46 options: a) think in terms of his or her own specialty. b) avoid bonding with other team members. c) think in terms of...

Answered: 1 week ago

Question

★★★★★
8) Lant, a cash-basis taxpayer, owns a controlling interest in ABC, Inc. She told the bookkeeper of ABC not to write her dividend check until the beginning of January Year 2, even though all other...

Answered: 1 week ago

Question

★★★★★
The generally accepted principle of ethical behaviour is that it begins with: A B C D corporate leaders government leaders religious leaders you and me

Answered: 1 week ago

Question

★★★★★
A company that uses job order costing reports the following information for March. Overhead is applied at the rate of 60% of direct materials cost. The company has no beginning Work in Process or...

Answered: 1 week ago

Question

★★★★★
Jail and Sail: Alcatraz Tour and Cruise Contribution Income Statement Sales For the Month of July Less variable costs: Admission fees Overhead Hors d'oeuvres Selling and administrative Contribution...

Answered: 1 week ago

Question

★★★★★
Troy and Kristy Reynolds (both currently age 56) have determined that they will require retirement income equal to $93,000 in today's dollars, based on their current income. They plan to retire in...

Answered: 1 week ago

Question

★★★★★
In what ways might your organisation or department benefit from wider dissemination of your research? Are there other companies within your wider organisation, or within the supply chain or network,...

Answered: 1 week ago

Question

★★★★★
If you agreed that your research participants would receive a summary of your overall work, what will this look like? To what extent is it useful to share your specific recommendations?

Answered: 1 week ago

Question

★★★★★
How often do you systematically and routinely gather high-quality data about the issues your organisation faces? To what extent do you critically assess the quality of these data?

Answered: 1 week ago

Previous Question Next Question