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Problems are indicated by question numbers. Answer choices are provided by problem groups A through F. Be mindful that any answer in the multiple choices
Problems are indicated by question numbers. Answer choices are provided by problem groups A through F. Be mindful that any answer in the multiple choices may be the correct answer to any and only one question in the problem group. A Gross Rev 536,000.00 IAR $25,500.00 Inventory $ 13,900.00 $114,000.00 $232,000.00 69,000.00 Net Rev $136,500.00 Net Income $28,000.00 Returns &Allow Net Rev Beg Inventory Purchase End Inventory $ (32,800.00) Q1 $125,900.00 $ 256,800.00 125,200.00 Q2 Q3 CA TA CL Current ratio Acid Test CGS Gross Profit Opera Exp 128,100.00 Net Income Q5 Q6 Q7 Q8 Avg day's collection Profit margin Q4 117,600.00 257,500.00 503,200.00 245,700.00 5,900.00 3,900.00 67.25 1.65 1.45 0.2051 Cost Price Mark-u mc rate mp rate $ 1,800.00 $ 3,200.00 Q9 77 890 Q10 Q11 42% $ 1,650.00 $ 693.00 52.00 $25.00 $27.00 Q12 4896 957 92.60 43.8 1400 66.7 Q'ty (in lb cost/lb Cost spoilage mc rate Price rice/lb 1500 $ 0.56 Q13 18% 45% Q14 Q15 0.99 1218.00 1050.00 840 0.93 Salva ValueLife (in yrs Weight Cost [Dep 1/L(1.25-2) BV] $ 31,000.00 $ 1,000.00 Depreciation Skdl Year BV @ Be Rate Ann Deprec Cum Deprec BV @End $10,333.3 1 $ 31,000.00 66.67% $20,666.67 $20,666.67 3 $ 3,444.4 2 $ 10,333.33 3 S 3,444.44 66.67% $ 6,888.89 $ 27,555.564 66.67% $ 2.44445 Q16 Q17 28,000.00 14.58 2,101.00 30,000.00 1,000.00 F Purchase U Cost $14.00 490.00 WAVG $13.00 $1,040.00 FIFO $ 15.00 $900.00 LIFO $17.00 850.00 End Inv CGS Q19 Q21 Q23 Amount Jan Mar April Nov Amount Q18 Q20 Q22 80 60 Q24 Answer choice for Q29 is in group E. 1,179.00 1,860.00 1,420.00 1,997.16 1,282.84 Retail Method Gross Profit Method cost price cost rice Cost ratio Q25 Profit margin 35% $ 29,000.0 $ 36,000.0 Begin Inv $ 63,000.00 Begin Inv $ 165,000.0 0 $ 8,900.0 Purchase $292,000.00 Purchase $ 194,000.0 $ 44,900.0 $355,000.00 GAS $ 26,000.0 Q26 Q27 $275,000.00 Q28 Q290 Q30 CGS/Sale CGS Sale Ending Inv Ending Inv 43,718.31 16,900.00 Answer choice for Q30 is in group E. 0.5465 150,281.69 8,000.00
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