ACCT 221 Quiz
ACCT 221 Quiz # 3
ANSWER SHEET FOR PROBLEMS 1, 2, AND 3.
Contribution Margin Income Statement
Less: Variable expenses:
Question 1: Suggested time 45 minutes: 40% points
Note: Please put your answers in the answer sheets below. Feel free to add or delete lines as needed.
a. General Journal Entries:
b. Adjusting Entries:
Acct 221 Quiz
ACCT 221 Quiz # 1
ANSWER SHEET FOR PROBLEM 1
Common Stock $10 par value
Paid in capita
There are three problems this week. Click the tabs at the bottom of the spreadsheet to access each one.
On 1/1/2015, Starburst Company issued 10-year bonds with a face value of $500,000 at 102. The bonds carry a stated
interest payable semi-annually on Ja
What is the mean evaluation score of each professor?
The mean is the usual average, so:
6980: 1+4+3+4+5+5+4+3+4+5 = 38 / 10 = 3.8
6981: 3+4+5+5+3+4+4+4+3+3 = 38 / 10 = 3.8
What is the median evaluation score of each professor?
The median is the middle val
What were the corporation's net sales, cost of goods sold, and gross profit?
Net sales: $4,296.30
Cost of goods sold: $2,559.00
Gross Profit: $1,737.30
What was the corporate tax rate?
Federal Statutory rate: 35%
Read the Statement of Comprehensive Incom