The Following Is a List of Selected Events for Unger

question 136

Essay

The following is a list of selected events for Unger Sales and Service for 2012.Unger uses a perpetual inventory system and had a zero inventory balance prior to these transactions.
1)Purchased merchandise on account for $67,000.
2)Sold inventory costing $48,000 for $88,000 on account.
3)Paid transportation-out cost of $1,000 on goods sold.
4)Paid salary expense of $25,000.
5)A count of the inventory revealed that there was $18,500 of inventory on hand at the end of 2010.
Required:
Answer the following questions based on the above information.
a)What was Unger's net income for 2012?
b)Compute gross margin and the gross margin percent for 2012.
c)What amount of inventory will appear on the balance sheet for 2012?
d)Prepare an income statement for 2012.

Understand the ethical and legal considerations in the use of restraints and seclusion for aggressive behavior.

Ability to accurately read and write measured syringe volumes in mL or units.

Knowledge of the lowest measurable dose for various syringe sizes and types.

Skills to visually indicate precise doses on a syringe for medication administration.

---

Definitions:

Social Listening

The process of monitoring social media channels for mentions of a brand, competitors, product, or relevant conversations, to gain insights and engage with the audience.

Data Analytics

The examination of data sets to draw conclusions and insights, often using specialized systems and software, to inform decision-making.

Sentiment Analysis

A method in data analysis that identifies and categorizes opinions or emotions within text data to determine the writer's or speaker's attitude towards a particular topic.

Coverage Error

A statistical error that occurs when some members of the target population are not adequately represented in the sample.