User Account

All Pages

At what amount should inventory be reported

Assignment Help Financial Accounting
Reference no: EM133090048

Question - Nelson Co. ordered parts costing §120,000 from a foreign supplier on May 12 when the spot rate was $0.31 per stickle. A one-month forward contract was signed on that date to purchase §120,000 at a forward rate of $0.32 per stickle. On June 12, when the parts were received and payment was made, the spot rate was $0.36 per stickle. At what amount should inventory be reported?

Reference no: EM133090048

Questions Cloud

Personality traits-about pairing-up idea : What do you think about this pairing-up idea? Would you be comfortable with such an arrangement? Why or why not?
Calculate the net present value for Project A : X-treme Vitamin Company is considering two investments, both of which cost $47,000. Calculate the net present value for Project A
Compute the income for the special offer : The company currently sells 4,350 bikes per year and could make as many as 4,700 bikes ' per year. Compute the income for the special offer
What is the appropriate audit report should be issued : Assuming the audit firm recommended the appropriate treatment in accordance with IFRS 9, What is the appropriate audit report should be issued
At what amount should inventory be reported : On June 12, when the parts were received and payment was made, the spot rate was $0.36 per stickle. At what amount should inventory be reported
Influence competitive markets : What can be done to reverse that trend - Provide an analysis of the concepts presented that demonstrates and summarizes the various factors
What is the number of guests that the restaurant needs : If the tax rate is 25%, what is the number of guests that the restaurant needs to serve to generate a monthly profit (after tax) of $6,000
What is the standard deviation of her portfolio : The expected returns of JPMorgan Chase and Bank of America are 15% and 20%, respectively, What is the standard deviation of her portfolio
How do you find the loan amount with a given interest : Question - How do you find the loan amount with a given interest of 5 percent, LTV of 70%, 12 periods annually, 20 periods (amortization)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Which of the decisions are likely to make

Suppose you are opening a mobile phone and tablet repair kiosk in a mall. Which of the following decisions are you likely to make?

  Quantitative analysis of an alternative hedging strategy

What mistakes did your boss make in devising the futures contract liquidation strategy? Be specific as to how the liquidation strategy should have been altered - What mistakes did your boss make in setting the hedge in December

  Provide one recommendation for milo ltd to improve

Describe the possible reasons for the differences in approach between the two businesses. Provide one recommendation for Milo Ltd to improve

  What is the amount of money that will be repaid

The bonds carry 12% interest due each January 1, and mature on January 1, 2024. What is the amount of money that will be repaid in 2024?

  Determine dividends per share for common stock for year

Determine the dividends per share for preferred and common stock for year 3. Oceanic Company has 10,000 shares of cumulative preferred 3% stock.

  Referring to walmarts 2012 annual reporta what is the

referring to walmarts 2012 annual reporta. what is the functional currency of their foreign subsidiaries?b. on average

  Draw the security market line

Would you please help me with the problems below? And others as well. Chapter 8: Problem 10(a-c) 10. Draw the security market line for each of the following conditions: a. (1) RFR = 0.08; RM(proxy) = 0.12 (2) Rz = 0.06; RM(true) = 0.15

  Calculate the new value after impairment

Assuming a discount rate of 2.75%, calculate the new value after impairment that should appear on the Balance Sheet. Show all work

  Create the journal entry to record the payroll tax expense

federal unemployment compensation taxes are $5,250. at the federal rate of 0.8% and state rate of 5.4%. Create the journal entry to record the payroll tax expense for the period.

  Design a small business and document one key product

Design a small business and document 1 key product that you are selling.Name your business and product with a brief description of its purpose

  Record all of rahim inc journal entries for the month

Record all of Rahim Inc' journal entries for the month, assuming that Rahim cannot reasonably estimate the amount of returns on March 15th.

  Edit a worksheet that summarizes the inventory of bulbs

Project Description: In the following project, you will edit a worksheet that summarizes the inventory of bulbs and trees at the Pasadena facility.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd