User Account

All Pages

At what amount will inventory be recorded on balance sheet

Assignment Help Financial Accounting
Reference no: EM132898682

Question - One inventory item has a sales price of $ 25.22 and selling expenses of $ 7.34. The replacement cost of the item is $ 11.22 and the original cost was $ 25.71. The normal profit margin on this item is $ 1.49. If there are 1784 units on hand, at what amount will inventory be recorded on the balance sheet?

a. $29240

b. $45867

c. $20016

d. $31898

Reference no: EM132898682

Questions Cloud

Name a time where you have demonstrated leadership : Please answers to these questions with step by step explanations. 1: Name a time where you have demonstrated leadership.
Examine the data available : You need to select an organization for the assignment. The organization Amazon. Examine the data available (if not available, made up data can be used); use the
Compute for the nominal annual cost of not taking discount : Compute for the nominal annual cost of not taking the discount. The company does not take the discount, and it pays after 67 days.
Which are the world four major free trade areas : Which are the world's four major free trade areas? Is the European Union an FTA? Why or why not?
At what amount will inventory be recorded on balance sheet : The normal profit margin on this item is $ 1.49. If there are 1784 units on hand, at what amount will inventory be recorded on the balance sheet
Minimizing employee resistance : Describe at least two ways employee resistance to change will be addressed in Amazon's organization.
Assignment on international trade theory : 1. QUESTION: What are the potential costs of adopting a free trade regime? Do you think governments should do something to reduce these costs? Why?
DWIN309 Developing Web Information Systems Assignment : DWIN309 Developing Web Information Systems Assignment Help and Solution, Kent Institute - Assessment Writing Service
How much is the optimal cash balance of the company : The interest rate on marketable securities is 5% and there is $8 per transaction. How much is the optimal cash balance of the company?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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