Introduction To Accounting An Integrated Approach 6Th Edition Ainsworth Solutions Manual Full Chapter PDF

Introduction to Accounting An
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Ainsworth Solutions Manual
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Chapter 10 - Marketing/Sales/Collection/Customer Support Process: Recording and Evaluating Revenue
Process Activities
Chapter 10: Marketing/Sales/Collection/Customer Support Process: Recording and

Evaluating Revenue Process Activities
QUESTIONS
1. Revenues must be earned and realized.

2. Cash equivalent value is the cash price for which a noncash asset could be sold.
3. Sales Returns and Allowances is used to record the selling price of returned
merchandise or allowances given to customers. Sales Discounts reflects the cash
discounts taken by customers.
4. With a sales return the merchandise previously purchased by the customer is
physically returned to the seller and a refund is granted. With a sales allowance
the buyer is given a price reduction, but keeps the merchandise.
5. A cost flow assumption is a means of assigning a cost to the inventory sold and in
ending inventory.
6. Cost of goods sold is the actual cost of the item, in this case, $60,000.
7. First-in, first-out means that costs are charged (assigned) to cost of goods sold in
chronological order. The oldest costs are assigned to cost of goods sold on the
income statement and the newest costs remain in inventory on the balance sheet.
8. Last-in, first-out means that costs are charged (assigned) to cost of goods sold in
reverse chronological order. The newest costs are assigned to cost of goods sold
on the income statement and the oldest costs remain in inventory on balance
sheet.
9. Since FIFO is used, the oldest costs are assigned to cost of goods sold. Therefore
cost of goods sold would be $50,000.
10. When using the periodic inventory system, purchases, purchases returns and
allowances, freight and insurance, and purchase discounts (gross price method)
are recorded in separate accounts and cost of goods sold is not recorded at the
time a sale is made. Thus the inventory account at the end of the period still has
the beginning balance in it. The company then counts the ending inventory and
assigns a cost to it using a cost flow assumption.
11. Everything else equal, the company might prefer to use LIFO because it would
result in a higher cost of goods sold and therefore a lower tax expense. However,
the company might prefer FIFO if it wanted to show a higher net income.
12. No because the IRS forbids it.
13. Companies need to properly measure income and value assets.
14. Net realizable value is the net dollar amount the company expects to collect after
making allowances for estimated uncollectible accounts.
15. Since the company has already estimated uncollectible accounts, writing off the
amount from a specific customer does not have any net impact on the financial
statements.
16. When accounts receivable increases it implies that customers charged more on
account than they paid. Therefore cash collections from customers were less than
net credit sales.
17. A sales price variance indicates the difference in revenue (actual versus budget)
due to a change in selling prices.
10-1
Process Activities
18. A sales quantity variance indicates the difference in revenue (actual versus
budget) due to a change in sales volume.
19. When the actual quantity sold is less than budgeted, the sales quantity variance is
unfavorable because the company did not achieve the level of sales it had
planned.
20. When the actual selling price is greater than budgeted, the sales price variance is
favorable because the company sold its product(s) for more than it planned.
EXERCISES
E10.1 a. July b. March c. November

E10.2 a. 0 b. $38,000 c. $3,700
E10.3 a. Cash 3,000
Unearned revenue 3,000
b. Unearned revenue 3,000
Fees earned 3,000
c. none
E10.4 a. Cash 2,000
b. none
c. Cash 5,000
Sales 7,000
E10.5 Oct 8 Accounts receivable 9,200
Sales 9,200
Cost of goods sold 6,000
Inventory 6,000
Oct 10 Sales returns and allowances 800
Accounts receivable 800
Inventory 500
Cost of goods sold 500
Oct 23 Cash 8,232
Sales discounts 168
Accounts receivable 8,400
E10.6 a. Accounts receivable 10,200
Sales 10,200
Inventory 8,000
b. Sales returns and allowances 600
c. Cash 9,408
Sales discounts 192
E10.7 Uncollectible accounts expense 4,500
Allowance for uncollectible
accounts 4,500
10-2
Process Activities
Allowance for uncollectible accounts 375

The first entry reduces net accounts receivable by $4,500. The second entry has
no impact on net accounts receivable.
E10.8 Allowance for uncollectible accounts, beginning $34,200

Add: uncollectible accounts expense ?
Maximum uncollectible accounts $58,200
Less: write-offs 28,700
Allowance for uncollectible accounts, ending $29,500
Uncollectible accounts expense = $24,000
E10.9 Allowance for uncollectible accounts, beginning $32,500

Add: uncollectible accounts expense 15,530
Maximum uncollectible accounts $48,030
Less: write-offs ?
Allowance for uncollectible accounts, ending $28,600
Write-offs = $19,430
E10.10 Case 2 represents LIFO because it indicates a higher cost of goods sold. Case 1
would show a higher ending inventory on the balance sheet because it shows a
lower cost of goods sold.
E10.11 FIFO:
Inventory 6,875
(40 * $50 + 65 * $75)
Ending inventory = 25 * $75 = $1,875
LIFO:
Inventory 7,500
(90 * $75 + 15 * $50)
Ending inventory = 25 * $50 = $1,250
10-3
Process Activities
E10.12 FIFO
Date Purchases Cost of Sales Inventory Balance
May 1 28 * $5 = $140
May 4 10 * $5 = $50 18* $5 = $90
May 12 16 * $4 = $64 18 * $5 = $90

16 * $4 = $64
May 16 6 * $5 = $30 12 * $5 = $60
16 * $4 = $64
May 21 12 * $5 = $60 14 * $4 = $56
2 * $4 = $8
May 25 8 * $3 = $24 14 * $4 = $56
8 * $3 = $24
May 31 14* $4 = $56 5 * $3 = $15
3 * $3 = $9
Total $88 $213 $15
LIFO
May 1 28 * $5 = $140
May 4 10 * $5 = $50 18* $5 = $90
May 12 16 * $4 = $64 18 * $5 = $90

16 * $4 = $64
May 16 6 * $4 = $24 18 * $5 = $90
10 * $4 = $40
May 21 10 * $4 = $40 14 * $5 = $70
4 * $5 = $20
May 25 8 * $3 = $24 14 * $5 = $70
8 * $3 = $24
May 31 8 * $3 = $24 5 * $5 = $25
9 * $5 = $45
Total $88 $203 $25
10-4
Process Activities
E10.13 FIFO
May 1 28 * $5 = $140
May 4 10 * $5 = $50 18 * $50 = $90
May 12 12 * $6 = $72 18 * $5 = $90

12 * $6 = $72
May 16 8 * $5 = $40 10 * $5 = $50
12 * $6 = $72
May 21 10 * $5 = $50 9 * $6 = $54
3 * $6 = $18
May 25 8 * $7 = $56 9 * $6 = $54
8 * $7 = $56
May 31 9 * $6 = $54 5 * $7 = $35
3 * $7 = $21
Total $128 $233 $35
LIFO
May 1 28 * $5 = $140
May 4 10 * $5 = $50 18 * $5 = $90
May 12 12 * $6 = $72 18 * $5 = $90

12 * $6 = $72
May 16 8 * $6 = $48 18 * $5 = $90
4 * $6 = $24
May 21 4 * $6 = $24 9 * $5 = $45
9 * $5 = $45
May 25 8 * $7 = $56 9 * $5 = $45
8 * $7 = $56
May 31 8 * $7 = $56 5 * $5 = $25
4 * $5 = $20
Total $128 $243 $25
10-5
Process Activities
E10.14 Accounts receivable, beginning $ 690,000

Add: net sales ?
Total amount owed by customers $6,445,000
Less: cash receipts from customers 5,680,000
Accounts receivable, ending $ 765,000
Sales = $5,755,000
E10.15 Accounts receivable, beginning $ 9,600

Add: net sales 783,200
Total amount owed by customers $792,800
Less: cash received from customers ?
Accounts receivable, ending $ 17,200
Cash received from customers = $775,600
E10.16 Net sales represents the total revenue earned during the period whereas cash
receipts from customers is the total cash received regardless of when earned.
E10.17 Sales price variance = 142,000 * ($6.25 - $6.00) = $35,500 F

Sales quantity variance = (142,000 – 140,000) * $6.00 = $12,000 F
E10.18 Budgeted selling price = $6/1.20 = $5

Sales price variance = 260,000 * ($6 - $5) = $260,000 F
Budgeted quantity = 260,000/0.8 = 325,000
Sales quantity variance = (260,000 – 325,000) * $5 = $325,000 U
E10.19 Budgeted selling price = $308,000/2,000 = $154

Sales price variance = 1,800 * ($165 - $154) = $19,800 F
Sales quantity variance = (2,000 – 1,800) * $154 = $30,800 U
E10.20 Actual selling price = $5,000,000/1,000,000 = $5

Budgeted selling price = $5,760,000/1,200,000 = $4.80
Sales price variance = ($5.00 - $4.80) * 1,000,000 = $200,000 F
Sales quantity variance = (1,200,000 – 1,000,000) * $4.80 = $960,000 U
PROBLEMS
P10.1
Case 1
Work-in-process, beginning $ ?
+ direct materials 134,650
+ direct labor 76,420
+ applied overhead 157,830
= Work-in-process available $379,020
- cost of goods manufactured 350,175
= Work-in-process, ending $ 28,845
Work-in-process, beginning = $10,120
10-6
Process Activities
Finished goods, beginning $ 19,480

+ cost of goods manufactured 350,175
= Finished goods available $369,655
- cost of goods sold 352,095
= Finished goods, ending $ ?
Finished goods, ending = $17,560
Sales $ ?
Less cost of goods sold 352,095
Gross margin $177,715
Less operating expenses ?
Net income (loss) $(39,707)
Sales = $529,810; operating expenses = $217,422
Case 2
Work-in-process, beginning $ 8,000
+ applied overhead 26,000
= Work-in-process, ending $ ?
Work-in-process, ending = $17,000
- cost of goods sold ?
= Finished goods, ending $32,000
Cost of goods sold = $43,000
Sales $95,000
Gross margin $ ?
Less operating expenses 19,000
Net income (loss) $33,000
Gross margin = $52,000
Case 3
Work-in-process, beginning $ 18,000
+ applied overhead ?
= Work-in-process, ending $ 34,000
Applied overhead = $38,000
10-7
Process Activities
- cost of goods sold 132,000

= Finished goods, ending $ ?
Finished goods, ending = $48,000
Sales $ ?
Gross margin $ 36,000
Net income (loss) $ ?
Sales = $168,000; net income = $8,000
P10.2
a. FIFO
Date Transfers Cost of goods sold Inventory balance

March 1 6,000 * $12.25 =
$73,500
March 3 12,000 * $12.20 = 6,000 * $12.25 =
$146,400 $73,500
12,000 * $12.20 =
$146,400
March 7 6,000 * $12.25 = 7,000 * $12.20 =
$73,500 $85,400
5,000 * $12.20 =
$61,000
June 28 15,000 * $12.10 = 7,000 * $12.20 =
$181,500 $85,400
15,000 * $12.10 =
$181,500
July 8 7,000 * $12.20 = 4,000 * $12.10 =
$85,400 $48,400
11,000 * $12.10 =
$133,100
Sept. 12 11,000 * $12.05 = 4,000 * $12.10 =
$132,550 $48,400
11,000 * $12.05 =
$132,550
Oct. 12 4,000 * $12.10 = 7,000 * $12.05 =
$48,400 $84,350
4,000 * $12.05 =
$48,200
Nov. 30 17,000 * $11.95 = 7,000 * $12.05 =
$203,150 $84,350
17,000 * $11.95 =
$203,150
10-8
Process Activities
Dec. 7 7,000 * $12.05 = 8,000 * $11.95 =

$84,350 $95,600
9,000 * $11.95 =
$107,550
Total $663,600 $641,500 $95,600
a. (continued) LIFO
Date Transfers Cost of goods sold Inventory balance
March 1 6,000 * $12.25 =
$73,500
March 3 12,000 * $12.20 = 6,000 * $12.25 =
$146,400 $73,500
12,000 * $12.20 =
$146,400
March 7 11,000 * $12.20 = 6,000 * $12.25 =
$134,200 $73,500
1,000 * $12.20 =
$12,200
June 28 15,000 * $12.10 = 6,000 * $12.25 =
$181,500 $73,500
1,000 * $12.20 =
$12,200
15,000 * $12.10 =
$181,500
July 8 15,000 * $12.10 = 4,000 * $12.25 =
$181,500 $49,000
1,000 * $12.20 =
$12,200
2,000 * $12.25 =
$24,500
Sept. 12 11,000 * $12.05 = 4,000 * $12.25 =
$132,550 $49,000
11,000 * $12.05 =
$132,550
Oct. 12 8,000 * $12.05 = 4,000 * $12.25 =
$96,400 $49,000
3,000 * $12.05 =
$36,150
Nov. 30 17,000 * $11.95 = 4,000 * $12.25 =
$203,150 $49,000
3,000 * $12.05 =
$36,150
17,000 * $11.95 =
$203,150
10-9
Process Activities
Dec. 7 16,000 * $11.95 = 4,000 * $12.25 =

$191,200 $49,000
3,000 * $12.05 =
$36,150
1,000 * $11.95 =
$11,950
Total $663,600 $640,000 $97,100
b. FIFO is more representative of the balance value better because the newest costs
are represented in ending inventory.
c. FIFO LIFO
Sales $1,060,000 $1,060,000
Cost of Good Sold 641,500 640,000
Gross Margin $ 418,500 $ 420,000
d. LIFO represents the income better because the newest costs are represented in cost
of goods sold. Note that gross margins are larger for LIFO because the cost was
declining over the time period.
P10.3
a. Analysis of units:
Beginning inventory in units 6,000
+ Units transferred to finished goods 55,000
= Units available for sale 61,000
- Units sold 53,000
= Ending inventory in units 8,000
FIFO
Beginning inventory $ 73,500
+ cost of goods manufactured (transfers) 663,600
= Total finished goods available $737,100
Less: ending inventory (8,000 * $11.95) 95,600
= Cost of goods sold $641,500
LIFO
+ cost of goods manufactured (transfers) 663,600
= Total finished goods available $737,100
Less: ending inventory
(6,000 * $12.25 + 2,000 * $12.20) 97,900
= Cost of goods sold $639,200
b. FIFO represents the balance sheet value better because the newest costs are
represented in ending inventory.
c. FIFO Gross margin = $1,060,000 - $641,500 = $418,500
10-10
Process Activities
LIFO Gross margin = $1,060,000 - $639,500 = $420,500

d. LIFO represents the income better because the newest costs are represented in
cost of goods sold.
P10.4
a. Feb. 3 Accounts receivable 1,200
Sales 1,200
Finished goods inventory 800
(200 * $4.00)
Feb. 9 Finished goods inventory 2,460
Work-in-process inventory 2,460
Feb. 15 Accounts receivable 3,000
Sales 3,000
Finished goods inventory 2,040
(100 * $4 + 400 * $4.10)
Sales 1,800
(200 * $4.10 + 100 * $4.20)
b. Feb. 3 Accounts receivable 1,200
Sales 1,200
Finished goods inventory 800
(200 * $4.00)
Sales 3,000
(500 * $4.10)
Sales 1,800
(300 * $4.20)
c. FIFO
Cost of goods sold = $4,080 ($800 + $2,040 + $1,240)
Ending inventory = $1,260 (300 * $4.20)
10-11
Process Activities
LIFO
Cost of goods sold = $4,110 ($800 + $2,050 + $1,260)
Ending inventory = $1,230 (100 * $4.00 + 100 * $4.10 + 100 * $4.20)
The amounts are different because FIFO expenses the oldest costs at the time of
sale while LIFO expenses the newest costs at the time of sale.
P10.5
a. Feb. 3 Accounts receivable 1,200
Sales 1,200
Sales 3,000
Sales 1,800
b. Feb. 3 Accounts receivable 1,200
Sales 1,200
Sales 3,000
Sales 1,800
c. Analysis of units:
Beginning inventory in units 300
Add: Units transferred to finished goods (600 + 400) 1,000
Units available for sale 1,300
Less: Units sold (200 + 500 + 300) 1,000
Ending inventory in units 300
FIFO
Add: cost of goods manufactured 4,140
Cost of goods available for sale $ 5,340
Less: ending inventory (300 * $4.20) 1,260
Cost of goods sold $ 4,080
LIFO
Add: cost of goods manufactured 4,140
Cost of goods available for sale $ 5,340
Less: ending inventory (300 * $4.00) 1,200
10-12
Process Activities
Cost of goods sold $ 4,140
The amounts are different because FIFO values ending inventory using the newest
costs at the end of the month while LIFO values ending inventory using the oldest
costs at the end of the month. Note that FIFO periodic and FIFO perpetual
(P10.4) produce the same ending inventory and cost of goods sold but LIFO
periodic and LIFO perpetual (P10.4) have different ending inventories and cost of
goods sold. This is because the expensing of the inventory (Cost of Good Sold)
occurs at different times.
P10.6
a. 12-1 Merchandise inventory (Tog) 8,036
Accounts payable 8,036
12-3 Accounts receivable 7,800
Sales 7,800
Merchandise inventory (Uni) 4,440
12-4 Freight expense 88
Cash 88
12-5 Merchandise inventory (Uni) 18,810
Sales 25,500
Merchandise inventory (Tog) 12,000
12-16 Accounts payable 3,762
Cash 15,048
12-22 Cash 32,500
Sales 32,500
12-30 Cash 7,800
Discounts lost 164
Cash 8,200
b. 12-1 Merchandise inventory (Tog) 8,036
Sales 7,800
12-4 Freight expense 88
10-13
Process Activities
Cash 88
12-5 Merchandise inventory (Uni) 18,810
Sales 25,500
Merchandise inventory (Tog) 12,036
Cash 15,048
12-22 Cash 32,500
Sales 32,500
12-30 Cash 7,800
Discounts lost 164
Cash 8,200
c. and d. FIFO LIFO

Sales $65,800 $65,800
Less cost of goods sold 35,076 35,224
Gross margin $30,724 $30,576
Ending inventory $30,808 $30,660
e. FIFO LIFO Difference

Gross margin $30,724 $30,576 $148
Ending inventory (Tog) 24,036 24,000 36
Ending inventory (Uni) 6,772 6,660 112
Cash flows 16,964 16,964 0
P10.7
a. Net sales = $4,600,000 - $35,000 - $150,000 = $4,415,000
b. Cash receipts = $70,000 + $4,415,000 - $5,000 - $50,000 = $4,430,000
P10.8
a. Model A Model B Model C
Budgeted selling price $200 $185 $330
Actual selling price $220 $188 $325
Sales price variances:
Model A = ($220 - $200) * 4,100 = $82,000 F
Model B = ($188 - $185) * 4,850 = $14,550 F
Model C = ($325 - $330) * 2,400 = $12,000 U
10-14
Process Activities
b. Sales quantity variances:

Model A = (4,100 – 4,000) * $200 = $20,000 F
Model B = (4,850 – 5,000) * $185 = $27,750 U
Model C = (2,400 – 2,000) * $330 = $132,000 F
c. Budgeted revenue (total) $2,385,000

Model A sales price variance 82,000
Model B sales price variance 14,550
Model C sales price variance (12,000)
Model A sales quantity variance 20,000
Model B sales quantity variance (27,750)
Model C sales quantity variance 132,000
Actual revenue (total) $2,593,800
P10.9
a. 7-3 Accounts receivable 1,500
Sales 1,500
Inventory 800
7-6 Cash 1,000
7-10 Cash 950
Sales 950
Inventory 320
7-12 Cash 1,470
Sales discounts 30
7-15 Cash 500
Service revenue 1,500
Sales 3,200
Inventory 1,100
7-20 Sales returns and allowances 200
7-27 Cash 2,970
Sales discounts 30
b. Service revenue $1,500
Sales $5,650
Less: Sales Discounts 60
Sales Returns & Allow 200
Net Sales 5,390
Total revenue $6,890
10-15
Process Activities

Gross margin $4,670
The company is both a service and a merchandising company.
P10.10
a. 11-4 Cash 6,000
11-17 Cash 3,332
Service revenue discounts 68
11-20 Cash 5,700
11-28 Cash 1,881
Service revenue discounts 19
b. Net revenue = $5,213 ($5,300 - $87)
c. Cash received from customers = $16,913. It is not the same as net revenue
because some of the cash collected was from revenue recognized last period and
some was for revenue to be earned in the future.
CASES
C10.1 Answers vary depending on companies selected.

C10.2 Answers will vary but students must understand that costs are inappropriately
assigned. The correct costs are shown below:
Direct materials inventory, beginning $ -0-
Add: Purchases 800,000
Direct materials available $ 800,000
Less: direct materials issued ?
Direct materials inventory, ending $ 200,000
Direct materials issued = $600,000
Work-in-process inventory, beginning $ -0-
Add: Direct materials issued 600,000
Direct labor used 200,000
Manufacturing overhead 727,500
Work-in-process available $1,527,500
Less: cost of goods manufactured ?
Work-in-process inventory, ending $ 381,750
Cost of goods manufactured = $1,145,750
Finished goods inventory, beginning $ -0-
10-16
Process Activities
Add: Cost of goods manufactured 1,145,750

Finished goods available for sale $1,145,750
Less: cost of goods sold ?
Finished goods inventory, ending $ 76,350
Cost of goods sold = $1,069,400
Sales $1,800,000
Less cost of goods sold 1,069,400
Gross margin $ 730,600
Net income before taxes $ 272,100
CRITICAL THINKING
CT10.1 Answers will vary. Students should consider the cost of the lost discount
against the possible cost of customer ill will.
CT10.2 Answers will vary. Since Xanetics had a binding contract for the
equipment, we could argue that revenue has been earned and that $75,000 of it
has been realized. The collectibility of the remainder is doubtful so that portion
of the sales price should not be recognized as revenue. Since the equipment was
not delivered before the customer declared bankruptcy, their right to retain the
deposit becomes a legal issue rather than an accounting issue.
ETHICAL CHALLENGES
EC10.1 Answers will vary but the entry should not be made as the revenue has not
been earned.
EC10.2 Answers will vary. Students must consider the impact of advertising on
consumer behavior. Some other areas that could be discussed in class include
stores that bake bread during “peak” customer shopping times, what grocery
stores now have pharmacy departments, and whether having a coffee shop inside
a grocery store is good for business.
COMPUTER APPLICATIONS
CA10.1
Product Budgeted Sales Price Sales Quantity Actual
Type Revenue Variance Variance Revenue
Chocolate chip $333,000 $5,760 $93,240 $432,000
Oatmeal raisin $155,000 -$5,600 $18,600 $168,000
Coconut $66,000 -$3,840 -$2,640 $59,520
White chocolate $114,000 -$1,320 -$13,680 $99,000
Macadamia nut $60,000 -$11,600 $79,200 $127,600
Product Budgeted Budgeted Actual Actual

Type Quantity Price Quantity Price
10-17
Process Activities
Chocolate chip 45,000 $7.40 57,600 $7.50

Oatmeal raisin 25,000 $6.20 28,000 $6.00
Coconut 10,000 $6.60 9,600 $6.20
White chocolate 15,000 $7.60 13,200 $7.50
Macadamia nut 5,000 $12.00 11,600 $11.00
10-18
Process Activities
CA10.2
a. Accounts receivable, beginning $8,000
Add: sales $450,000
Total owed by customers $458,000
Less: cash received from customers $446,000
Accounts receivable, ending $12,000
b. Accounts receivable, beginning $20,000
Add: sales $900,000
c. Accounts receivable, beginning $12,000
Add: sales $450,000
d. Accounts receivable, beginning $38,000
Add: sales $875,000
10-19
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in acute spinal meningitis,
752
in chronic cerebral meningitis,
722
in concussion of spine,
911
in hæmatoma of the dura mater,
710
in hystero-epilepsy,
313
in insanity,
136
in melancholia,
160
in migraine,
1232
in tetanus,
558
in tumors of the brain,
1068
Bromides, use of, in alcoholism,
642
645
646
in cerebral anæmia,
789
hyperæmia,
773
in chorea,
455
in epilepsy,
499
500
in insomnia,
380
381
382
in migraine,
414
415
in spinal sclerosis,
905
906
in the opium habit,
674
676
in tubercular meningitis,
736
in vertigo,
427
Bronchi, disorders and lesions of, in chronic alcoholism,
608
C.
Cachexia, alcoholic, characters,
616
Caffeine, use of, in migraine,
1232
in neuralgia,
1229
Caisson disease, a form of spinal hyperæmia,
804
Calabar bean, use of, in tetanus,
557
in tetanus neonatorum,
565
Cancer of the brain,
1049
Cannabis indica, habitual addiction to,
667
use of, in alcoholism,
645
in brain tumors,
1068
in cerebral anæmia,
788
789
in migraine,
413
415
1232
in the opium habit,
676
in tetanus,
557
Capillary cerebral embolism,

979
Capsicum, use of, in alcoholism,
642
Carbuncles, as a cause of thrombosis of cerebral veins and sinuses,
985
Caries of teeth, as a cause of neuralgia,
1229
1233
Caries of temporal bone, as a cause of tubercular meningitis,
725
Carotids, ligation of, as a cause of cerebral anæmia,
777
ATALEPSY
314
Definition and synonyms,
314
Diagnosis,
334
from apoplexy and intoxication,
336
from epilepsy,
335
from simulation,
337
from tetanus,
336
Etiology,
315
Age, influence on causation,
315
Imitation, influence on causation,
319
Reflex irritation,
318
Sex and puberty,
318
History,
315
Pathology and duration,
334
Prognosis,
337
Symptoms,
320
of cataleptoid phenomena in the insane,
327
of hypnotic catalepsy,
322
of unilateral catalepsy,
324
Onset of seizures, mode of,
320
Pulse, respiration, and temperature in,
321
Reflex irritability, changes in,
321
Sensation, disturbances of,
321
Wax-like flexibility in,
321
337

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Introduction to Accounting An

Integrated Approach 6th Edition

Chapter 10: Marketing/Sales/Collection/Customer Support Process: Recording and

1. Revenues must be earned and realized.

E10.1 a. July b. March c. November

Allowance for uncollectible accounts 375

E10.8 Allowance for uncollectible accounts, beginning $34,200

E10.9 Allowance for uncollectible accounts, beginning $32,500

Date Purchases Cost of Sales Inventory Balance

May 4 10 * $5 = $50 18* $5 = $90

May 12 16 * $4 = $64 18 * $5 = $90

Date Purchases Cost of Sales Inventory Balance

May 4 10 * $5 = $50 18* $5 = $90

May 12 16 * $4 = $64 18 * $5 = $90

Date Purchases Cost of Sales Inventory Balance

May 4 10 * $5 = $50 18 * $50 = $90

May 12 12 * $6 = $72 18 * $5 = $90

Date Purchases Cost of Sales Inventory Balance

May 4 10 * $5 = $50 18 * $5 = $90

May 12 12 * $6 = $72 18 * $5 = $90

E10.14 Accounts receivable, beginning $ 690,000

E10.15 Accounts receivable, beginning $ 9,600

E10.17 Sales price variance = 142,000 * ($6.25 - $6.00) = $35,500 F

E10.18 Budgeted selling price = $6/1.20 = $5

E10.19 Budgeted selling price = $308,000/2,000 = $154

E10.20 Actual selling price = $5,000,000/1,000,000 = $5

Finished goods, beginning $ 19,480

- cost of goods sold 132,000

Date Transfers Cost of goods sold Inventory balance

Dec. 7 7,000 * $12.05 = 8,000 * $11.95 =

Dec. 7 16,000 * $11.95 = 4,000 * $12.25 =

LIFO Gross margin = $1,060,000 - $639,500 = $420,500

Cost of goods sold $ 4,140

c. and d. FIFO LIFO

e. FIFO LIFO Difference

b. Sales quantity variances:

c. Budgeted revenue (total) $2,385,000

Less cost of goods sold 2,220

b. Net revenue = $5,213 ($5,300 - $87)

C10.1 Answers vary depending on companies selected.

Add: Cost of goods manufactured 1,145,750

Product Budgeted Budgeted Actual Actual

Chocolate chip 45,000 $7.40 57,600 $7.50

Definition and morbid anatomy,

Pulse and temperature in,

Pupils, state of,

Treatment, bromide of potassium, heat and cold, use,

Stimulants, use of,

Causes, symptoms, and treatment,

Causes, morbid anatomy, and symptoms,

Course, diagnosis, prognosis, symptoms, and treatment,

Etiology and morbid anatomy,

Brain and its envelopes, tumors of,

and membranes, changes in, in acute simple meningitis,

in cerebral meningeal hemorrhage,

in general paralysis of the insane,

in hæmatoma of the dura mater,

lesions of, in insanity,

microcephalic, size of,

state of, in chronic hydrocephalus,

Brain-cortex, syphilis of (see

Syphilitic Affections of Nerve-centres

Brain, gross appearances of, in brain tumors,