Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a. Sold merchandise for cash (cost of merchandise $154,870).
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $608).
c. Sold merchandise (costing $9,180) to a customer on account with terms n/30.
d. Collected half of the balance owed by the customer in (c).
e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 1,140
f. Anticipate further returns of merchandise (costing $204) after month-end from sales made during the month.

Required:
Compute Net Sales and Gross Profit for Handy Howard.

Based on the various transactions by Handy Howard's Incorporated, the Net Sales and Gross Profit are $294,270 and $133,040 respectively.

This can be found as:

= Sales revenue - Sales returns and allowance

Solving gives:

= 276,700 (revenue) + 21,000 (revenue) - 1,610 (returns) - 1,820 (allowance)

= $294,270

This is found as:

= Net sales - Cost of goods sold

Cost of goods sold:

= 152,590 + 9,450 - 810

= $161,230

Gross profit:

= 294,270 - 161,230

= $133,040

Find out more on Gross profit at https://brainly.com/question/25628103.

A fire captain informs the battalion chief that two seatbelts in a fire truck have become frayed. In the communication process what part are the frayed seatbelts part of? A. the message b. the receiver c. the sender d. the reporter​

7. Prepaid expenses require what type of adjusting entry?

A. Matched


B. Accumulated


C. Accrued


D. Deferral

HELP ME PLEASE
The following transactions and
events have occurred during March 2022 in ABC Company
1 The company issued shares in exchange for $400,000 cash.
2 Borrowed $150,000 from a Local Bank payable in 1 year. (Interest is = 12% annually)
Purchased a machine for $100,000, paying $50,000 cash, and the rest will be paid later.
3 (Depreciates at a rate of $10,000 per month.)
4 Billed customers $80,000 for services performed.
5 Purchased in cash $4,500 of supplies. (Only $500 remained by the end of the month)
Received $4,800 cash in advance from customers for services to be performed in three
6 months.
7 Paid Dividends of $4,000 in cash.
Required:
1. Analyze each of the transactions in terms of its effect on the accounting equation elements. 2. Prepare the necessary journal entries for the month and post to the Ledger.
3. Prepare the Trial Balance.
4. Prepare and post the necessary adjusting entries.
5. Prepare the Adjusted Trial Balance.
6. Prepare the Income statement, Retaining Earnings statement, and Statement of financial Position.
7. Prepare and post the closing entries.
8. Prepare the Post-Closing Trial Balance.

Recently, it was announced that two giant French retailers, Carrefour SA and Promodes SA, would merge. A headline in the Wall
Street Journal blared, "French Retailers Create New Wal-Mart Rival." While Wal-Mart's total sales would still exceed those of thef
combined company, Wal-Mart's international sales are far less than those of the combined company. This is a serious concern for Wal-
Mart, since its primary opportunity for future growth lies outside of the United States.
Below are basic financial data for the combined corporation (in euros) and Wal-Mart (in U.S. dollars) in a recent year. Even though their
results are presented in different currencies, by employing ratios we can make some basic comparisons.
Carrefour
(in millions)
Wal-Mart
(in millions)
Sales revenue
€70.486
$256,329
Cost of goods sold
54,630
198,747
Net income
1,738
9,054
Total assets
39,063
104,912
Current assets
14,521
34,421
Current liabilities
13,660
37,418
Total liabilities
29,434
61,289
Compare the two companies by answering the following

ANSWER FAST please !!!

what is the measure of the total value of products and services produced in a country and sold to consumers, other
businesses and the government as well as exported to other countries for sale?

true or false: many convenience stores place height markers near the inside of the front door

True or False: Some financial professionals prefer as-reported data, because they like to apply their own standardization techniques.

am 16 years old and I love little kids. I like to organize special events—like birthday parties for children. I have decided that a great way to earn extra money is to provide families with children’s birthday parties for a modest fee. I do it all—arrange the food, supply the music, decorate the party room, play games, give away small prizes, even play the part of Bongo, the Birthday Clown. Families I know love the idea. I have an advertising plan figured out, with posters to put up at the local grocery stores.

What type of business organization do you recommend? Why?

How does the trade adjustment assistance program attempt to help domestic firms and workers who are displaced as a result of import competition

describe three ways a twenty year old may begin building credit

QUESTION 2 of 10: Your Accounts Payable (A/P) T-account has a credit balance of $3,000. The following entries were made to your A/PT.
account credit $445, credit $34, debit $1,000, and credit $321. What is the new balance?
a) 5321
b) $2.000
C) 53.800
d) $2.800

Amazon is headed back to the office after letting people work from home for the past year. Analyse the article above and critically discuss the challenges managers would have faced during Amazon’s period of remote working.

Why might a project manager avoid using technical language when giving a presentation to clients?

You have a SQL database that has the name of the countries and their population. You would like to ONLY get the name of the top 3 most populated countries. Which query will do it for you​

You want to change your working hours so you can go to your part-time job

how does the nature of human resources help to manage internal and external business relationship to foster positive interactions?

In a recent survey of your major customers, you were disappointed to find that a majority of customers rated your company poorly on training and technical support for your products. You and your team have a made a firm commitment to improve this situation immediately using digital media.


Which of the following digital media tactics should you implement to most effectively address this issue for your customers?


a. You should establish one email address that customers can use to send emails about their problems with your products.

b. You should set up a video-sharing site where customers can upload videos of themselves explaining their problems with your products.

c. Start a blog for marketers to explain how much time and money the firm spends on training and technical support.

d. You should create a series of product demonstration podcasts for your customers to access online at their convenience.

e. You should create a virtual site for your customers to interact in a three-dimensional world.

how does work ethic assist a school leaver to become a successful business owner​

what departments make up supply chain/

Marketing involves all of the following EXCEPT

Several years ago Amy Westbrook, who is in the lending business, loaned Sara Stuart $30,000 to purchase an automobile to be used for personal purposes. In August of the current year, Sara filed for bankruptcy, after paying back $1,000 of the loan to Amy. Amy was notified by the bankruptcy court that she could not expect to receive more than an additional $4,000. Amy has contacted you about the possibility of taking a bad debt deduction for the current year.

Required:
Write the letter to Amy that contains your advice as to whether she can claim a bad debt deduction for the current year.

Two companies, Ghost and Phantom manufacture similar printer color cartridges. The following data for the two companies for the year 2020 are provided below:

Ghost ($) Phantom ($)
Sales revenue 90,000 108,000
Total costs 63,000 72,000
Variable Costs 40 % of sales revenue 40%

Identify suitable digital technology solutions for the business that could assist the team to work more collaboratively.​

Alice lee worked 40 hours this week at $8.00 per hour. What is alice’s gross pay for this week

What is the first step in the marketing research process?

In a(n) ________, managers and employees from across the firm work to understand the firm's strengths and weaknesses.

14. Which of the following skills are the most helpful for a salesperson?
O A. Quickness and accuracy
O B. Active listening and communication
O C. Creativity and judgement
O D. Addition and subtraction

A plank 4.7 m long and weighing 118 N has its left end resting on a block and the other end supported by a rope. The plank is in the horizontal position. If the greatest tension the rope can withstand is 435 N, how far from the block can a 51.0 kg girl walk out on the plank before the rope breaks?

If you bid on the keyword tennis shoes white as a keyword, your ad will show up: _______

a. Only when someone searches for tennis shoes white
b. When someone searches for white tennis shoes and white tennis shoes for women
c. When someone searches for tennis shoes
d. None of the above

Quick assets are defined as: ______________

a. Cash, short-term investments, and accounts payable.
b. Cash, short-term investments, and current receivables.
c. Cash, inventory, and current receivables.
d. Cash, noncurrent receivables, and prepaid expenses.
e. Accounts receivable, inventory, and prepaid expenses.