# Ho Designs experienced the following events during 2018, its first year of operation: 1. Started the...

Ho Designs experienced the following events during 2018, its first year of operation: 1. Started the business when it acquired $84,000 cash from the issue of common stock. 2. Paid$37,000 cash to purchase inventory. 3. Sold inventory costing $22,100 for$43,000 cash. 4. Physically counted inventory showing $14,700 inventory was on hand at the end of the accounting period. Required a. Determine the amount of the difference between book balance and the actual amount of inventory as determined by the physical count. Difference in book and actual inventory ## Answers #### Similar Solved Questions 1 answer ##### Historically, price appreciation, or capital gains yeils has accounted for a greater portion of returns on... historically, price appreciation, or capital gains yeils has accounted for a greater portion of returns on common stocks than divideny payments. Critically analyse this statement using illustrations.... 1 answer ##### Remaining Time: 28 minutes, 09 seconds. e Question Completion Status: QUESTION 33 Treatment for people with... Remaining Time: 28 minutes, 09 seconds. e Question Completion Status: QUESTION 33 Treatment for people with social phobia may include any of the following except e A cognitive behavioral therapy B, flooding O C. medication o b. social skills training QUESTION 34 All of the following are types of bip... 1 answer ##### Reserve Problems Chapter 12 Section 1 Problem 1 During a research, the amount of Internet users... Reserve Problems Chapter 12 Section 1 Problem 1 During a research, the amount of Internet users was measured. Each time three random groups of 10,000 people of the average age of 20, 40, and 60 were considered. The data are as follows (x1 - the number of years since the beginning of the research, X2... 1 answer ##### Use the transformation v=52+y(2) + 2 to find the solution to the initial value problem dey... Use the transformation v=52+y(2) + 2 to find the solution to the initial value problem dey (2) = 5 +y (2) +2; y(0) = 5... 1 answer ##### Techniques, Inc. uses a predetermined manufacturing overhead rate based on direct labor hours to apply its... Techniques, Inc. uses a predetermined manufacturing overhead rate based on direct labor hours to apply its indirect product costs to jobs. The following information has been collected for the previous year: dir material 150K, dir labor 200K, indirect labor 50K sales commission 25K, depreciation on f... 1 answer ##### How do you write -7 5/12 as a decimal? How do you write -7 5/12 as a decimal?... 1 answer ##### Break-E Khumbu Company's projected profit for the coming year is as follows: Total Per Unit$41.00...
Break-E Khumbu Company's projected profit for the coming year is as follows: Total Per Unit $41.00 10.66$ 30.34 Sales $1,834,750 477,035$ 1,357,715 424,561 \$933,154 Total variable cost Contribution m argirn Total fixed cost Operating income Required: 1. Compute the break-even point in units. I...
##### 3. Propose a mechanism for the following reaction. We were unable to transcribe this image
3. Propose a mechanism for the following reaction. We were unable to transcribe this image...
##### 16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the...
16. When output deviates from potential GDP, automatic stabilizers work to push the economy through the work of automatic stabilizers. Give two examples of automatic stabilizers. 17. Crowding out effect: what does it mean? 18. Distinguish between public debt and budget deficit. 19. Mention which of ...
##### The weights of a certain brand of candies are normally distributed with a mean weight of...
The weights of a certain brand of candies are normally distributed with a mean weight of 0.8622 g and a standard deviation of 0.0523 9. A sample of these candies came from a package containing 445 candies, and the package label stated that the net weight is 380 2 9. Of every package has 445 candies,...
##### Two particles A and B start from rest at x = 0 and move along parallel...
Two particles A and B start from rest at x = 0 and move along parallel paths according to xA = 0.17 sin(πt/2) and xB = 0.08t , where xA and xB are in meters and t is in seconds counted from the start. Determine the time t (where t > 0 ) when both particles have the same displacement and calcul...
##### Goal Solve for the performance coefficient of a refrigerator using a five- step process the includes:...
Goal Solve for the performance coefficient of a refrigerator using a five- step process the includes: 1. Making a state table. 2. Making a process table. 3. Calculating the totals for Work, Heat, and Internal-Energy-Change. 4. Identifying the heat input (cold reservoir) and output (hot reservoir). 5...
##### Lab 7 Molecular Formula Total Valence Electrons Number of Bonds Number of Non-bonding Electron pairs Lewis...
lab 7 Molecular Formula Total Valence Electrons Number of Bonds Number of Non-bonding Electron pairs Lewis Structure 1. Electron Geometry 2. Molecular Shape Approximate Bond Angle Polar or Nonpolar 17 ICH, 18...