Acct 212 chapter 18 | Business & Finance homework help
[ad_1]
Exercise 18-7 Balance sheet identification and preparation L.O. C4
[The following information applies to the questions displayed below.]
|
Current assets for two different companies at calendar year-end 2011 are listed here. One is a manufacturer, Roller Blades Mfg., and the other, Sunny Foods, is a grocery distribution company. |
|
Account |
Company 1 |
Company 2 |
|
|||||
|
Cash |
$ |
11,000 |
|
|
$ |
9,000 |
|
|
|
Raw materials inventory |
|
— |
|
|
|
35,750 |
|
|
|
Merchandise inventory |
|
38,750 |
|
|
|
— |
|
|
|
Goods in process inventory |
|
— |
|
|
|
26,000 |
|
|
|
Finished goods inventory |
|
— |
|
|
|
46,000 |
|
|
|
Accounts receivable, net |
|
55,000 |
|
|
|
66,000 |
|
|
|
Prepaid expenses |
|
4,500 |
|
|
|
900 |
|
|
references
1.
value:
1.00 points
Exercise 18-7 Part 1.1
|
(1.1) |
Identify which set of numbers relates to the manufacturer. |
|
$ |
$ |
$ |
|
|
|
|
$ |
$ |
|
|
$ [removed] |
|||||||||||||||||||||||
|
|
9.
value:
2.00 points
Exercise 18-13 Cost flows in manufacturing L.O. C5
|
The following chart shows how costs flow through a business as a product is manufactured. Some boxes in the flowchart show cost amounts. Compute the cost amounts for the input boxes. |
|
|
|
|
|
|
|
|
|
|
||||||
|
$37,550 |
||||||
|
|
||||||
|
|
||||||
|
$7,550 |
$ [removed] |
$5,050 |
||||
|
|
||||||
|
|
||||||
|
$ [removed] |
||||||
|
|
||||||
|
|
|
|
||||
|
$78,050 |
|
$132,050 |
||||
|
|
||||||
|
$22,550 |
$ [removed] |
$ [removed] |
||||
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
$245,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ [removed] |
$286,150 |
$30,050 |
||||
|
|
||||||
|
|
|
|
$ [removed] |
|
|
|
check my workeBook Linkreferences
