Using the Information on the Financial Statements
Inventory Turnover (page 276) Days Sales in Inventory (Page 276) What questions can we answer with these tools?
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Work Period Problem Set 2
Please submit to D2L PDF – one document Please indicate in the comments who worked on the assignment Complete the Test Review questions
Continue reading »Learning Skills Checklist- Complete for Tuesday
Please print, complete and bring to class tomorrow or Tuesday
Continue reading »Fall Fair Celebrations – Chapter 4-5 – Wednesday October 2nd
These are questions that I am fond of: 1.) E4-3 Page 183 (Closing Entries) 2.) E5-2,3,4,5,6 (Journal Entries for a merchandising business using the perpetual system) 3.) E5-11 (Gross Profit Margin, Profit Margin) 4.) E4-10 (Focus on: Working Capital, Current Ratio, Acid Test Ratio, Gross Profit Margin, Profit Margin) Test Format: Multiple Choice 4 Accounting Problems
Continue reading »Fall Festival Date (Unit Test) – October 2nd
Wednesday October 2nd Multiple Choice Journal Entries using the perpetual inventory system Closing Entries Using the Information on the Financial Statements
Continue reading »Using the Information on the Financial Statements
Gross Profit Margin (Page 220) Profit Margin (Page 221) What types of questions or business decisions can we answer with this information?
Continue reading »Work Period – Problem Set 2
In Class Work : P5-3A/5A
P5-3A P5-5A
Continue reading »Inventory Costing II
A) Please read Chapter 6 and make notes on the three types of assumed cost flow methods: LIFO FIFO Weighted Average B) Watch the following video resource: LIFO and FIFO in a perpetual system
Continue reading »Inventory Costing
Inventory Control Determining ownership- Goods on Consignment/ Goods in Transit Lower of Cost and Market The effects on the Income Statement and Balance Sheet Inventory Cost flow methods: Specific Identification, FIFO, LIFO, Average Cost Video Resources: Inventories images: pixabay.com
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