For example,
Aprl 1 Major Cash Purchases 150, 000 units of CDs @ $96 unit cost plus $50, 000 for freight charges and $20, 000 for handling cost (Handling cost will be immediately debited to purchases.
Apr 10 Cash Sales, 5, 000 units @ $ 300 average selling price.
Apr 11 Paid in delivery expenses and handling charges: 2% of related sales.
Apr 30 Launch massive advertising campaign $ 1, 000,000 to increase sales
May 10 Paid $ 2, 000, 000 to Pani Recording Studios due to lost from law suit due to Copyright Infringement
May 15 Reacquire 50, 000 ordinary shares from shareholders at current market value of shares. Due to some financial difficulties and management problems the market value of shares decreased to $ 101.
2007-08-18
22:20:45
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2 answers
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asked by
Caine
1