What must behen corporation''s inventory be
Behen Corporation has an acid-test ratio of 1.0 to 1 and a current ratio of 2.0 to 1. If current assets equal $120,000, of which $5,000 is prepaid expenses, what must Behen Corporation's inventory be?
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Prepare a corrected retained earnings statement. Acadian Corp. normally sells investments of the type mentioned above. FIFO inventory was used in 2012 to compute net income.
Accounts receivable arising from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $110,000.
Jeremy's Desks has excess capacity. Mr. Hood wants the desks in bamboo rather than maple, so direct material costs will increase by $30 per unit.
Murphy Corporation has the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Murphy Corporation has decided to use a method of measuring cost functions called the high-low method in this situa
On May 31, 2010, James Logan Company had a cash balance per books of $6,781.50. The bank statement from Farmers State Bank on that date showed a balance of $6,404.60.
How Bout Now, a clothing retailer, had cost of goods sold of $525,000 last year. The beginning inventory balance was $32,500 and the ending inventory balance was $35,000. What is the company's Days' Sales in Inventory?
The total direct labor hour variance for Curb Corp is $7,500 F. The direct labor efficiency variance is $2,700 U. If the total direct labor cost is $25,000 and the actual direct labor rate is $40, what is the standard rate?
Phillips Company's accounts receivable were $250,000 at the beginning of the year and $300,000 at the end of the year. Cash sales for the year were $425,000.
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