HELP! BUSINESS & FINANCE QUESTION FOR HOMEWORK NEED HELP FAST!!!!?

BizKid Company’s practiced hearing change upon Aug 31, 2005, the mercantile year-end, follows:?
BizKid Company’s practiced hearing change upon Aug 31, 2005, the mercantile year-end, follows:
Debit Credit
Merchandise register . . . . . . . . . . . . $ 31,000
Other (noninventory) resources . . . . . . . . 120,400
Total liabilities . . . . . . . . . . . . . . . . . . $ 35,000
N. Kidman, Capital . . . . . . . . . . . . . . . 101,650
N. Kidman, Withdrawals . . . . . . . . . . . 8,000
Sales . . . . . . . . . . . . . . . . . . . . . . . . . 212,000
Sales discounts . . . . . . . . . . . . . . . . . 3,250
Sales earnings as well as allowances . . . . . . . 14,000
Cost of products sole . . . . . . . . . . . . . . 82,600
Sales salaries responsibility . . . . . . . . . . . . 29,000
Rent expense—Selling space . . . . . . . 10,000
Store reserve responsibility . . . . . . . . . . . . 2,500
Advertising responsibility . . . . . . . . . . . . . . 18,000
Office salaries responsibility . . . . . . . . . . . . 26,500
Rent expense—Office space . . . . . . . 2,600
Office reserve responsibility . . . . . . . . . . . 800
Totals . . . . . . . . . . . . . . . . . . . . . . . . $348,650 $348,650
On Aug 31, 2004, sell register was $25,000. Supplementary annals of merchandising activities for the year finished Aug 31, 2005, exhibit the following itemized costs:

Invoice price of sell purchases . . . . . . . $91,000
Purchase discounts perceived . . . . . . . . . . . . . . . 1,900
Purchase earnings as well as allowances . . . . . . . . . . . . 4,400
Costs of transportation-in . . . . . . . . . . . . . . . . 3,900

Required
1. Compute the company’s net sales for the year.
2. Compute the company’s sum price of sell purchased for the year.
3. Prepare the multiple-step income matter which includes apart categories for offered losses as well as for ubiquitous as well as executive expenses.
4. Prepare the single-step income matter which includes these responsibility categories: price of products sold, offered expenses, as well as ubiquitous as well as executive expenses.

{ 1 comment… read it below or add one }

Sandy May 3, 2010 at 12:31 am

I’ve sent the Excel file to the address you gave me.

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