Accounting

SANDEE ANGELI M. VILLARTA ASSIGNMENT IN MANAGERIAL ACCOUNTING CASE 1- 1 1.a. How would you report on the triple-month doings of Ribbons an Bows, Inc., through June 30? b. Was the caller-up profitable? (Ignore income taxes.) c. why did its coin in the bank even off during the collar-month operating goal? 2. How should you report the financial condition of the blood line on June 30, 2010? 3. Do you believe Carmens first three months of operation could be characterized as successful? Explain your answer. 1 a. customer paid ($7,400) capital for ribbons and accessories and credit gross gross revenue ($320). Cost of sales is derived from the following equivalence: beginning merchandise inventory ($3,300) gain purchases ($2,900) less determination merchandise inventory $4,100 equals cost of sales $2,100. bout put down is $1,800 of $600 per month times three months. Part-time employee disbursals ($1,600) is the sum of cash paid ($1510) plus number owed ( $90). The prepaid advertising ($ one hundred fifty) was streamlet by the local penning on April2. The benefit of the plus expired so the asset became an expenditure. The commercial sewing work purchased led to a $1,800 asset being recorded. The assets benefit was partially consumed during May and June resulting in a $60 dispraise charge. roughly of the future benefits of the computer and link software asset were consumed during the three month period. A $250 depreciation charge must be recognized. Carman has rented the cousins coin for four month. The cousins loan is $10,000. ($10,000*0.6*4/12)=200. Thus, the spare-time activity for four month is $200. Rent expense ($600 x 3)$1,800 Salaries expense (part time employee) (cash $1,510 + accounts payable $90) $1,600 p pass advertising expense$150 Sewing tool$1,800 Depreciation expense sewing machine$60 Depreciation expense - computer$ 250 cousin-germans loan$10,000 Illustration1 RIBBONS AN BOWS INC. Income Sta tement For the period April 1 to June 30, 2! 010 Sales...If you want to repay a full essay, order it on our website: OrderCustomPaper.com

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