Other - Business & Finance - October 2007

Analyse 2 possible disadvantages of taking a loan out of a bank (worth 8 marks)

2007-10-14 04:44:10 · 4 answers · asked by Anonymous

Jan1 Beginning inventory 630 unit @$43/unit

Feb10 Purchase 358 units $44/unit

Mar.13 Purchase 207 units $31/unit

Mar 15 Sales 630 units $75/unit

Aug 21 Purchase 144 units $51/unit

Sept 5 Purchase 605 units 46/unit

Spet 10 Sales 657 units $75/unit

Total purchase: 1,944 units
Total sales: 1,287 units
Cost of goods available for sale:$84,433
Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) specific identification (Note: The units sold consist of 530 units from beginning inventory, 258 units from the February 10 purchase, 207 from the March 13 purchase, 24 from the August 21 purchase and 268 from the September 5 purchase, and), (d) weighted average.

Please show me formulas of FIFO, LIFO, specific identification, and weight average.

2007-10-14 04:04:41 · 1 answers · asked by shinya_dgch 1

how do we handle write downs under LIFO when market prices get too far ahead or away from the values on the books?

2007-10-14 02:54:51 · 1 answers · asked by ameri0903 3

I need help I ordered something on ebay I went to go pay but I accidently went to money order instead of where it says pay with visa, or paypal what shoukd I do hate to pay with money orders they take too long! I try to contact the seller but no response

2007-10-14 02:34:47 · 4 answers · asked by cricket_702000 1

I am only interested in free systems like PayPal and Interac, not any of the various fee based systems, e.g., Western Union.

2007-10-14 01:16:03 · 1 answers · asked by Larry 4

on this particular counters we are getting monthly bills, amounts are paid by cash, cheques, credit card. there a big ques when bulk bills which paid by cheques comes, please let me know a good implementation

2007-10-14 00:00:29 · 1 answers · asked by mfdo90 1

What are the public limited company disadvantages?

2007-10-13 21:59:49 · 5 answers · asked by Anonymous

I got those from an accountant's business card. Would someone explain what membership are those? Thanks!!

2007-10-13 19:10:25 · 1 answers · asked by Jennifer 1

My father is going through an ugly divorce. Everything seems to going real bad in his and my life (I'm his son/I live with him). We're broke and left with practically nothing. Recently my father received an e-mail, saying he won the "European Lottery". At first my father didn't want to tell me about it, he just said that he was pretty sure we would be getting some money, a lot of it!!!! He made a lot of plans and said that if this went through, we would be "free". I kept on asking him about the credibility of such e-mail. He told me not to worry about it. When I checked one of the e-mails myself, it looked like a total (excuse my French) f_k_n joke!!+ email was sent from a @yahoo.com (how reputable is that?) if anything it should have been @uk.org, right? I Had to break the sad news to him, but he swears it's true. I keep on telling him to watch out, because he's gone get screwed over (it's all a scam), but he won't listen!!Help!! I feel frustrated that I have to babysit a 53yr old man

2007-10-13 16:22:02 · 8 answers · asked by rrk33 2

We need real geniune website for crude oil traders
where buyer and seller meet and find each others.
Thanks

2007-10-13 15:40:32 · 1 answers · asked by Anonymous

1. A processing and shipping fee applied for each purchase order

2. The salary of quality control experts, who inspect every batch

3. The cost to brew the beer (assuming this was business we are refering to)

4. The company outsources packaging (The packaging company bills us per package)

5. each product line has its own distinct portion of the production facility.

6. includes salary of the HR representative. The HR rep is in charge of maintaining individual employee files, training and educating all employees in relation to safety in the workplace, as well as informing employees of their benefits.

7. insurance for the production facility

2007-10-13 14:50:38 · 2 answers · asked by Anonymous

2007-10-13 14:20:22 · 3 answers · asked by Nyakstar 3

If you use bodog.com and deposit using an electronic check, and then the check bounces due to insufficient funds in your bank account, can bodog do anything. They claim they will report you to a third party collection agency and report you to the experian etc. However, isn't online gambling in the US illegal? Would the collection agency have any right to collect on an illegal debt? Not to mention they never ask for you Social Security #. If the bank knew the checks were going to an illegal gambling site wouldnt they cancel the checks anyways?

2007-10-13 13:53:37 · 3 answers · asked by David C123 1

I live in NJ and when they go out of business there painted black for some reason.

2007-10-13 13:49:50 · 4 answers · asked by Buff Me 6

2007-10-13 13:04:30 · 3 answers · asked by vida 2

2007-10-13 11:32:17 · 2 answers · asked by 45andstillgoingstrong4 2

Jan1 Beginning inventory 630 unit @$43/unit

Feb10 Purchase 358 units $44/unit

Mar.13 Purchase 207 units $31/unit

Mar 15 Sales 630 units $75/unit

Aug 21 Purchase 144 units $51/unit

Sept 5 Purchase 605 units 46/unit

Spet 10 Sales 657 units $75/unit

Total purchase: 1,944 units
Total sales: 1,287 units
Cost of goods available for sale:$84,433
Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) specific identification (Note: The units sold consist of 530 units from beginning inventory, 258 units from the February 10 purchase, 207 from the March 13 purchase, 24 from the August 21 purchase and 268 from the September 5 purchase, and), (d) weighted average.

Please show me formulas of FIFO, LIFO, specific identification, and weight average.

2007-10-13 11:24:09 · 3 answers · asked by shinya_dgch 1

Does anyone know of any resume samples on the net that are free? I keep finding them but they end up asking for a monthly fee. Thanks

2007-10-13 10:15:06 · 3 answers · asked by Anonymous

Estimated overhead and direct labor costs for the year were $112,500 and $125,000. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000. The entry to close the over-or underapplied overhead at year-end would include:

a) a debit to COGS for $600
b) a credit to Factory Overhead for $600
c) a credit to Finished Goods inventory $600
d) a debit to Goods in Process inventory for $600
e) a credit to COGS for $600

show work please...


my answer: well i know the entry is "e" but i dont know how they got the $600??

2007-10-13 08:22:11 · 3 answers · asked by jasmine 2

My neighbor and I babysit kids together in our neighborhood. People think this is great because there are two of us. People normally pay us each $5 an hour. I'm 14 and my friend is 12. Is this the right amount of money? We babysat 3 kids together for three hours and we each got only $15 each. I don't really think this is enough. Do you? I really need more money because my family is on a tight budget. What should I charge per hour (or per kid) and what am I supposed to say to the people that I babysit? Am I supposed to say something like: I charge ____ per hour and you're not paying enough? What should I say? And what should I charge? Please help!!!

2007-10-13 07:05:39 · 12 answers · asked by iheart_you_too2 3

please tell me!!!!!!!!!!!!!!!!!!!!!!

2007-10-13 07:03:55 · 3 answers · asked by HSM Fanatic 2

key to continue but so far ive hung up before pressing any buttons anyone got any ideas who they are and what they want as we dont bank with tsb

2007-10-13 06:51:24 · 9 answers · asked by Anonymous

The following information was taken from the records of Evelyn Roberts Inc. for the year 2008:

Extraordinary gain from expropriation $95,000
Loss on discontinuance of Micron Division 75,000
Administrative expenses 240,000
Rent Revenue 40,000
Extraordinary loss - flood 60,000
Cash dividends declared 70,000
Retained earnings, January 1, 2008 600,000
Cost of goods sold 850,000
Selling expenses 300,000
Sales 1,900,000

The following information was also available: income tax applicable to income from continuing operations, $187,000; income tax applicable to loss on discontinuance of Micron Division, $25,000; income tax applicable to extraordinary gain from expropriation, $29,000; income tax applicable to extraordinary loss from a flood, $18,000. Shares outstanding during 2008 were 25,000.
a) Prepare a single-step income statement for 2008.
b) Prepare a combined single-step income and retained earnings statement.

Bonus points would be awarded for the best answer. =)

2007-10-13 06:49:13 · 2 answers · asked by Nathe C 1

2007-10-13 06:01:03 · 5 answers · asked by Austin H 2

There are companies saying that they will give you 10% out of the 90% that is processed by you. The remaining money has to be sent by Western Union. Which is 90%. Has anyone ran into something like this?

2007-10-13 05:31:02 · 5 answers · asked by Anonymous

2007-10-13 04:02:05 · 1 answers · asked by Diana 5

What are the advantages of public limited company advantages and the disadvantages?

2007-10-13 01:33:38 · 2 answers · asked by Anonymous

Im shortly going to the US for a holiday to visit friends, wondered what items people would suggest I purchase over there to bring back to sell on ebay etc, My aim is to make around £1500 is possible, maybe more expensive items such as watches? etc

2007-10-12 23:55:17 · 2 answers · asked by Darren P 1

The case relates to fraudulent misrepresentation and negligence over a home bizop scam.

2007-10-12 22:36:52 · 2 answers · asked by Karen O 1

2007-10-12 21:54:43 · 2 answers · asked by cocacola_tiff 1