Week 6-2 plus-1

Week 6-2 plus-1 - Econ/Mgmt4Spring2010 Week62plus...

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Econ/Mgmt 4 Spring 2010 Week 6-2 plus Accounting Choices Ugly Puppy Period #2
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2 nd  Period Events    Purchase  10 T-shirts @ $4 each, pay cash . Borrow  $100 @ 10% interest on an interest-only  basis with interest due in subsequent periods. Take  the puppy to a Vet and a Trainer and pay $60  cash.    Consult  40 clients and 30 pay $1 each; 10 promise  to pay later.  Sell  10 T-shirts at $5 each in cash. Encounter  a person who agrees to $100 for a Puppy  appearance – next period – and pays $50 cash now  with balance due  on delivery of the Puppy  performance .
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2 nd  Period Events – Cash Journal    Starting Cash. Purchase 10 T-shirts @ $4 each. Borrow $100. Pay $60 to Vet and Trainer.  30 clients pay $1 each. Sell   10 T-shirts at $5 each in cash.  Agree to $100 for a Puppy appearance –  next period – and get paid $50 cash now. 120 (40) 100 (60) 30 50 50 250
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Cost Flow Assumptions: COGS & Inventory Conservative:   LIFO 1.
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This note was uploaded on 06/06/2010 for the course MGT 181 taught by Professor Jordan during the Spring '08 term at UCSD.

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Week 6-2 plus-1 - Econ/Mgmt4Spring2010 Week62plus...

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