Ending finished goods inventory
For 2006, Sparkman Company has cost of goods manufactured of $200,000, beginning finished goods inventory of $40,000, and ending finished goods inventory of $30,000. How much is cost of goods sold?
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Mitchell Corporation has current assets of $1 million and current liabilities of $750,000. If they pay $250,000 of their accounts payable, what will their new current ratio be?
In 2012, X Company's revenue was $236,250, its total variable costs were $128,250, and its fixed costs were $92,400. Assume that these revenue and cost relationships continue in 2013, but fixed costs increase by 21%.
During February 2010, its first month of operations, the owner of Schwenn Enterprises invested cash of $25,000. Schwenn had cash sales of $4,000 and paid expenses of $7,000.
James Company had checks outstanding totaling $10,800 on its June bank reconciliation. In July, James Company issued checks totaling $77,800.
Industry standards suggest that 14% of new vehicles require warranty service within the first year. Jones Nissan in Sumter, South Carolina, sold 14 Nissans yesterday.
Gellar Company has $20,000 of ending finished goods inventory as of December 31, 2008. If beginning finished goods inventory was $15,000 and cost of goods sold was $30,000.
The speed with which utility companies can resolve problems is very important. GTC, the Georgetown Telephone Company, reports it can resolve customer problems the same day they are reported in 57% of the cases.
Madison Company's variable costs are 25% of sales. Its selling price is $150 per unit. If Weed sells one unit more than break-even units, how much will profit increase?
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