How do you come up next to the gross profit using the following information?
Question:
Purchases………………...
E250,000 Freight In……………… E8,000
Sales discounts…………. 4,000 Purchase returns…….. 7,000
Inventory Sales…………………. 400,000
December 31, 20X1….. 20,000 Purchase discounts…. 3,000
December 31, 20X2….. 30,000 Sales returns…………. 8,000
(Do not convert the figures to US dollars.)
Answer:
First past its sell-by date, I apologize for the bad alignment, but as you discovered, yourself, RunEye.com does not seem to be to provide for this formatting.
Sales.400,000
less:
.Sales returns..<8,000>
.Sales discounts..<4,000>
Net Sales...388,000
.
Beginning Inventory.20,000
affix:
.Purchases...250,000
.Freight In.8,000
less:
.Purchase returns<7,000>
.Purchase discounts<3,000>
.Ending Inventory<30,000>
Total Cost of Sales.238,000
.
Gross Profit...150,000
This is an big formula to learn!
Happy studying!
And best wishes, when it comes time to investigate for employment!
Phil
http://www.phillipfostercpa.com/accounti...
please insist on how can I seize the e-gold transaction done surrounded by Mumbai ? Are within any e-gold merchants here ?
Question:
I am doing email reading jobs, where on earth I am asked to upgrade for obtaining the payout. This have to be done through E-gold I have to deposit a amount. Please support
Answer:
Read http://en.wikipedia.org/wiki/e-gold... for more information. Somehow, all these online job seem to be a scam to me so look out.
What is a debenture ?-- please dont copy and stick wikipedia thanx?
Question:
Answer:
A debenture is basically a bond. According to Wikipedia, the foremost difference is that a debenture is usually unsecured. That means a debenture holder does not enjoy specific rights to an asset or group of assets in a liquidation. A bondholder prefers the pledge of a specific asset because then they know what they would "own" surrounded by the event of a bankruptcy.
Now if you inevitability to know what bond is... it's a financial contract/obligation specifying a specific series of payments over a period of time. This financial prerequisite is senior (has priority) over the equity owners of a company. It gets a bit more complex within a bankruptcy as their may be multiple bonds and at hand are rules/laws that determine which is more senior or junior. This is important because it determines who get to recover their assets first surrounded by the event there isn't adequate to go around. Tying fund to the debenture question, this is why bondholders usually close to a specific pledge of assets because then in that is usually little dispute on who gets what.
Middle Class?
Question:
Would you consider 110,000 a year middle class or upper middle class ?
Answer:
As I understand current financial states:
Less than $60,000 is lower middle class
60,000 - 99,999 is middle class and
100,000 and up is upper middle class.
upper middle.
Where I live that would be considered upper class.
upper middle class
Depends on be you live, some places things cost more.
I enjoy an belief for a service/business. How do I achieve my view "up & running" for profit?
Question:
Answer:
The best routes to take are to research the process of starting a business as all right as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you within the source box.
Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:
* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You something like Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that help! I wish you much nouns & happiness contained by all your venture!
Any business starts with 1% inspiration followed by 99% perspiration!
According to Brian Tracy, the first judge you should do is home work on your products and services. Test them out in the nouns where you will start your business.
The incredibly first thing you must determine is whether or not within is a market for your service/business. You may consider it is the greatest thing since sliced breat, but not a soul else cares almost it. Thus no sales!
Believe me, I own gone this route too many times and spent style too much on advertising/marketing before I come to the harsh trueness that it was a great belief but no one else thought so.
Since you do not influence what the service/business is, test it out on family unit, friends, and most importantly, other people you do not know. Strangers will provide the most target feed put money on. You will have to "measure the streets" or "sit on the phone" to determine if you really have a viable perception.
One thing to remember is to other be honest. You might say something resembling:
Mr. Business Owner (or consumer), I have developed a () and would close to the opportunity to come by and discuss it with you. This is not a sale call since the service is not even up and running nonetheless, but I value your view since you are one of the most respected () in (whatever industry...). I promise to be brief and concise. May I run into with you tomorrow? Or..
That should achieve you some input. Stress when you have the appointment that you want them to brutally honest with you. Tell it resembling it is. Tell you why is will work and why it won't work.
That's your first step. After you have done that and determined it is truly a viable product/service/business later post another question.
Oh, you should draw together with at lowest 15 individuals who are not your relatives or friends. Get moving. Don't get discouraged, only get moving.
Finance discounts?
Question:
I understood that it be illegal to hold out a discount for taking finance as against paying bread. A double glazing firm has quoted me a price for my window but has said that they will proposal me a lower price for using their finance. Is this ok? I do know that you cannot be offered a better price for brass so does it work the other way round?
Answer:
the nouns deal will be better for them even i f they own lowered the price because within the operation you will be offered a longer repayment plan with x amount of interest added on so in consequence they will make more money
Accounting?
Question:
Does anyone know what factors determine whether a gain or loss is extraordinary?
Answer:
near are 5 factors that must be considered within determining whether a gain or loss is extraordinary.
1) ratios, and turnovers must be reviewed next to subjective standards acquired from olden experiences
2) ratios and turnovers of a select group of competing companies should be reviewed
3) Published ratios should be reviewed
4) comparisons should be made concerning the standard and average ratios for the industry
5) Rule-of-thumb Standards are the font used for comparison.
If the industry as a whole is experiencing similar profits or loss later it is not extraordinary but if there is a huge gap between your company and the others after yes it is considered extraordinary
Extraordinary means circumstances that would typically not happen to motive a loss or gain. Like a tornado destroying your business, this should be an event that does not normally come to pass so it is extraordinary or someone wins the lottery and requirements to give you $20,000 for your business, this is a gain that does not surface often.
Peachy is partly right. I just needed to add that an extraordinary gain/loss for one firm may not be one for another firm. For example, a loss due to earthquake prejudice is not extraordinary for a firm in california, but it would be for a firm surrounded by nebraska.
This is clear in the schoolbook of APB 30, which states extraordinary items are "unusual in humour AND infrequent in occurance . . . ".
where on earth can i find a book call FINANCIAL SYSTEM & ECONOMY 4th edition for average price?
Question:
Answer:
try amazon.com or half.com
Where contained by the world can i print free business cards??
Question:
Answer:
you can get free business cards and other virtuous business items like stamps, sticky transcription (all personalized) for little to no cost at vistaprint...http://www.vistaprint.com/vp/ns/bcsticky...
you get 250 cards for free
or you can go and get 500 for $9.99 + S&H
hope this helped, check out that site! :o)
You can buy blanks and print them yourself on your home computer.
Get a printer that have the feature to print business cards.
on your computer...grasp blanks at any Staples, Office Depot, etc and make your own...
I believe www.vistaprint.com.au should be what you're looking for
http://freebuisinesscards.com
where on earth else?
go to http://www.bizcardsfree.info and design your own for free. Fast and graceful to build great looking business cards.
What months do most ticket of deposits become fully grown?
Question:
I am interested to know according to the financial institutions, what months of the year have the most warrant of deposits mature?
Answer:
I don't know. Mine is a 6 month and it mature in May.
Usually the stop of financial yr, i.e. march closing stages.
How much.?
Question:
money is 10 pence(from england) in american money? Because I do not know what to do near this coin
Answer:
What is your 10 pence coin worth in US$?
Currently in the region of $0.19, using a currency converter available at:
http://www.xe.com/ucc/
What you can do with the coin:
- maintain it as a souvenir, because you won't be able to exchange it to US$ due to the small denomination. You can try, but I doubt it.
- administer it to someone travelling to the UK.
- give it to someone collecting coins.
Planning to guard at Wachovia?
Question:
I was thinking nearly banking almost Wachovia, and I talked to them and they told me you needed 100 dollars to unequivocal an account. Does anybody here that bank with them or in recent times knows whether or not this is a excise, or just a faultless amount you need within the account to get underway it?
Answer:
That is the minimum to open an report. Not a fee.
Call around.
There are adjectives kinds of bank. Some have minimums to unambiguous accounts. Some have minimums to not be charged fees. Some own free services. I'm sure you can find a bank beside the services you need, lacking paying fees.
Not a fee.
It's not a tax. It goes into your justification. The three banks I hold used in the U.S. took a $100 exit deposit It's still your money.
Generally it's the amount needed to open the justification
This is pretty much an industry standard anymore.
I have worked beside them and others in times gone by, and it is not a fee, merely an opening balance--let's facade it, 4 twenty-five dollar checks written against is--and BAM! the account is presently empty.
If you demand checks, about 18 of the 100 go to paying for the checks anyway!
So, save up till you enjoy more to deposit, and get started as soon as you can--good Luck!
P.S. Skipping soda pop for a month will impart you quite a nice assimilation to the account! My latest friend gave up coca cola for one month and discovered he'd spent eight dollars on it at work!
What are some latest scientific companies that would be worth investing surrounded by?
Question:
looking to play in the stock bazaar but need suggestion on what company to invest in. not intrested contained by big companies like apple or yahoo.
Answer:
rainman is a fitting name for a tard,no-one is going to impart out free HOT stock tips.moron
How does the Yahoo company clear its money?
Question:
Answer:
When a company gets a spot on amount of 'interést' from the general populus their share prices rise, and also inhabitants want to advertise through them. To peddle on your countries yahoo webpage it would cost a lot i'd consider. Theyre probably part of a massive company as well specifically probably very rich.
Advertisers, upgraded email accounts, domains - basically to name a few
The more they hold customer,the more they make money
The yahoo company make it's money buy stock market and as you would expect the email people do money for using the email.
Advertisements and some emailing related services.
Advertising. That is why they want lots of people to call on their site, so that they will view the advertisers ad.
What type of Business is this? I really stipulation assistance loll Thanks!?
Question:
I am looking at colleges to apply to in the plummet (North Carolina State is my #1 choice) and I want to major contained by Business Management. But I cant understand the majors!
https://packtracks.ncsu.edu/scripts/regr...
I don't know which one is equal as Business Management. Can anyone help to explain adjectives of the Business Choices?
If this helps, I plan on first showing my own business one day.
Thanks so much!
Answer:
According to the NCSU website, you choose a specific 'concentration' surrounded by business management. The choices are:
Finance
Human Resource Management
Information Systems/Information Technology
Marketing
Operations/Supply Chain Management
From:
http://mgt.ncsu.edu/undergraduate/curren...
You shouldn't hold to have this without a flaw mapped out until you gain to NCSU and meet near your academic advisor. He/she will minister to you decide how to agenda your classes.