Other - Business & Finance - September 2007

A year end physical inventory at retail price yields a total inventory of 78,550.00. I need to prepare a calculation showing the company's loss from shrinkage at cost and at retail.
My text book shown nothing on how to do this and I am confused and lost on this question. Can some show me how to do this without giving me the answer. Thank you

2007-09-23 19:18:26 · 1 answers · asked by marianne d 2

If I want to ship a 30 lb package from the USA to Japan at a reasonable cost, how can I do it? DHL? UPS? A private shipping company? The USPS now only offers airmail choices...no more parcel post..it's too expensive. This has surely hurt small businesses that shipped internationally unless there is an alternative... Thanks.

PS: Is the USA the ONLY country that doesn't offer sea mail? Seems like we are just forcing people overseas to buy products elsewhere...

2007-09-23 19:16:13 · 3 answers · asked by Insanity 5

Please help me with this question. It is an overapplied manafacturing overhead homework question.

Balance in Bette's Manufacturing Overhead Account on November 10 was $30,000 overapplied.

Other account balances on that date were:

Direct material inventory 80,000
WIP 50,000
Finished Goods 100,000
Cost of Goods Sold 150,000

The overapplied balance is allocated to the appropriate inventory accounts.

REQUIRED:

a) Determine the balance in COGS after the allocation.

b) Prepare the journal entry to write off the overapplied overhead based on the balances in the accounts as shown above.

If you could help me with this answer ASAP, that would be incredibly helpful. Extra points would be awarded for the best answer! :)

- Nathe

2007-09-23 18:07:27 · 1 answers · asked by Nathe C 1

I'm trying to do some homework and I think that my teacher made a mistake with the directions. We have to do an excel spreadsheet of a company's financial statements. It says that "the income statement drives the balance sheet". I cant seem to find the connection between the two. Please help!

2007-09-23 18:07:20 · 2 answers · asked by sammyV 1

2007-09-23 16:43:27 · 1 answers · asked by Julie M 1

$ 0.4500
and how long would it take to get $5.00 if i got 4cents a day
my friend needs to no answer please!

2007-09-23 16:35:31 · 2 answers · asked by i need rs 2

i have a 1937 dime how much would it be worth today

2007-09-23 15:08:58 · 9 answers · asked by SH@WTY 1

What is a normal debit balance? I don't get it. And which accounts have it?

2007-09-23 14:37:18 · 8 answers · asked by lost.in.love 4

2007-09-23 14:36:42 · 1 answers · asked by angel_rat_83 1

small phone room of a small company with five guys. I am the only girl. We work in telemarketing for a brokerage company. On the phone all day. Anyways, everyday the guys end up in hour long discussions about things like Lindsay Lohan or the Iraq War or their diets. Basically, anything not work related. They do not make phone calls during these conversations. Generally, when they are doing this talking, I will sneak off on to the internet to check my email or the news for 20 minutes or so. Well, Friday, (and basically all last week) my boss exploded all over me saying that I was doing nothing at all. Not contributing because I spend all day on the internet. Absolutely not true! I spend less time on there then they do talking about non-work crap! I have been so frustrated by this all week long that I do not know what to do. I pull my weight around the office and I do not understand why I would be help to higher standard. Any advice? I do not want to go to work upset again

2007-09-23 14:05:23 · 4 answers · asked by Jessica W 1

Company ended 06 w/ a net profit before taxes $218,000. Subject to 40% tax rate and must pay $32,000 in preferred stock dividends before earnings on the 85,000 shares of common stock outstanding. If the firm paid common stock dividends of $0.80 per share, how many dollars would go to retained earnings. I need to see the work otherwise, I will never figure out how to do this in the future.

2007-09-23 13:15:26 · 3 answers · asked by nascargryl 2

i know how to figure it out, by subtracting revenues and expenses, but how do you know if it is a loss or income?

2007-09-23 11:26:18 · 3 answers · asked by lee 1

is there another website like craigslist.com where people from your area sell things on the interenet and you can pay for them, not bid. I DONT MEAN EBAY, SO DONT SAY EBAY

2007-09-23 10:42:01 · 3 answers · asked by mommasaidknockyouout 1

2007-09-23 10:31:28 · 3 answers · asked by dizzy2323 2

At the beginning of the year, Monroe Company estimates annual overhead costs to 600,000 and that 300,000 machine hours will operated, using machine hours as a base

2007-09-23 10:25:04 · 1 answers · asked by Anonymous

What fees does Bank of America have?

Describe the penalties that Royal Bank Of Scotland has when there is a overdraw on a account or there is not a minimum balance kept?

What other fees does Royal Bank Of Scotland have?

Describe the type of incentive programs Royal Bank Of Scotland offers for opening a checking/savings account?

2007-09-23 10:18:43 · 1 answers · asked by Anonymous

Lets say for instance, I owned a business with the following characteristics:

Last year turnover: £20,000,000
Last year net profit: £5,000,000
Value of physical assets: £1,000,000

Firstly, what other factors might be factored into the valuation of the company?

Secondly, what would such a business be valued at (and what calculations would take place?)

Thanks!

2007-09-23 10:16:42 · 3 answers · asked by jonnyjpa 1

or is there a website that I could use to find out?

2007-09-23 09:09:35 · 3 answers · asked by bookluvr315 4

Just need a little clarification on the internal market. what are some services offered by the providers, for example is an actual hospital building with nurses and doctors a service.

2007-09-23 08:49:20 · 1 answers · asked by Anonymous

does anyone know how much it costs, to get a cheque cashed early at the royal bank of scotland. i know there are other outlets, that do cheque cashing, but prefer not to use them

2007-09-23 08:38:08 · 1 answers · asked by Anonymous

What was the exchange rate for Russian Rubles to America Dollars in the 1970's?

Please let me know where I can find this. Thank you.

2007-09-23 06:21:38 · 2 answers · asked by Anonymous

Okay, so here's the deal. I go into work on friday to pick up my paycheck. I look through the drawer where all the cheques are kept. Just then my friend (who works there and was my mentor) walks up to me and tells me that I had been fired and my boss is withholding my paycheck.

Im wondering how this is at all legal?

He's also kept all my tips that I was supposed to recieve for the 4 months I worked there. (at a small restaurant)
Another co worker was fired as well and my ex-boss isn't even giving him a check apparently.

Please help me out guys, its really important I get this money!

2007-09-23 03:52:08 · 6 answers · asked by jelly_beats 1

2007-09-23 03:12:20 · 4 answers · asked by marakiddy 1

If I borrow $500 dollars on one day, and I must repay $530 in exactly one week, what is my APR on the loan?

2007-09-23 03:06:14 · 2 answers · asked by Anonymous

2007-09-23 02:50:45 · 6 answers · asked by Anonymous

I was sent a First Class envelope through the USPS.
I tracked it and the tracking says it was delivered.
We did not get the envelope in our LOCKABLE mailbox we had mail that day but not this envelope.
Any legal people out there can tell me what can I do to reclaim money for the lost goods??

2007-09-23 01:53:43 · 1 answers · asked by l1011graham 2

2007-09-23 00:51:45 · 1 answers · asked by smjam_khi 1

2007-09-22 23:08:56 · 2 answers · asked by Anonymous

My company has no funds available or assets to liquidate can anyone help, what are the procedures for closure of business with no long term effects to my credit history?
The company has unsecured debt and has ceased trading a month ago..

2007-09-22 22:18:38 · 2 answers · asked by Ams 1

define it and how can we manage it by time management skills

2007-09-22 20:43:29 · 2 answers · asked by aneeza 1