User Account

All Pages

Calculate the market value for each cow

Assignment Help Accounting Basics
Reference no: EM132201898

Question - Pure Milk owns dairy cattle. The market value of the cattle is calculated by reference to the litres of milk able to be produced and the lactation rate of the cows. The cattle are regularly sold at auction. Costs incurred to transport the cattle to auction are $1500 per truck. Each truck can transport approximately 100 cattle.

Number of mature cows held at 30 June 20188000

Average litres of production per cow 5000 litres

Lactation rate 70%
Price per litre 30 cents

The market value for each cow at 30 June 2018 is:

$1000.

$1050

$1500.

$1680.

Reference no: EM132201898

Questions Cloud

Miami-dade county ordinance required that stevedores : A Miami-Dade County ordinance required that stevedores (workers who load and unload cargo) working in the Port of Miami have a license.
Compute depreciation in the year indicated : Blossom Company purchased a new machine on October 1, 2017, at a cost of $91,300. Compute depreciation using the following methods in the year indicated
Advertised prominently on their marketing material : Rivets, Inc. is an Oregon corporation that manufactures custom rivets. Their specialty, advertised prominently on their marketing material, is large rush orders
About developing strong mission statement : How can an organisation go about developing a strong mission statement that would guide members of an organisation?
Calculate the market value for each cow : Costs incurred to transport the cattle to auction are $1500 per truck. The market value for each cow at 30 June 2018 is
Explain porter generic competitive strategies : Identify and explain Porter’s generic competitive strategies being used in this case.
Compute the amount to be expensed by bankstown limited : Final adjustments to the extrusion plant $25 000. The amount to be expensed by Bankstown Limited at the end of the financial year, 31 December, is
Which supply management has impact on firm costs : Describe six of the twelve ways in which supply management has an impact on a firm's costs.
Which project yields the greatest return : You are a hotel manager and you are considering four projects that yield different payoffs, Which project yields the greatest return

Reviews

Write a Review

Accounting Basics Questions & Answers

  Review and discuss below what the general rules are under

you are the chief accounting officer of dream job corporation and have been asked for your expert opinion on the

  Compute the number of component kits transferred

Compute the number of component kits transferred from the Cutting Department to the Finishing Department in January

  Necessary trading security adjustments

What is net income (ignoring income taxes) after making any necessary trading security adjustments?

  By how much did the firm net income exceed

In order to sustain operations and generate sales and cash flow, By how much did the firm's net income exceed its free cash flow

  How much depreciation expense is allocated to department a

Depreciation Expense on the Heating and Air Conditioning Equipment for the factory of $50,000 is allocated to five departments

  How does that change your response to ms thomas

Suppose the hospital has a foundation that supports the operations of the hospital. How does that change your response to Ms. Thomas

  There were no dividends in arrears on preferred stock

There were no dividends in arrears on preferred stock. During 2010, the company had the following transactions and events.

  The growth rate in dividends is expected to be a constant 6

universal laser onc. just paid a dividend of 2.75 on its stock. the growth rate in dividends is expected to be a

  Discuss who has just been appointed general manager

who has just been appointed general manager of the Westwood Plant, has been given instructions to get things under control

  Roland company uses special strapping equipment in its

roland company uses special strapping equipment in its packaging business. the equipment was purchased in january 2011

  Only half of the inventory from the intra-entity trasaction

What if only half of the inventory from the intra-entity transaction remain with company B at the end of 2013?

  Downs co issued 800000 of 8 5-yr bonds at 106 which pays

downs co issued 800000 of 8 5-yr bonds at 106 which pays interest annually. assuming straight-line amortization what is

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