Cost of ending inventory using the retail inventory method

Assignment Help Financial Management
Reference no: EM13972284

Janes april inventory had a cost of 48,000 and a retail value of 70,000 during April net purchases cost 210,000 with a retail value of 390,000 net sales at retail for jane for April were 280,000 calculate the cost of ending inventory using the retail inventory method. Round to the nearest hundredth percent

Reference no: EM13972284

Questions Cloud

Which bank would you choose : Bank 3 offers you a rate of 8.75% compounded semi-annually. Bank 4 offers you an effective rate of 8.85%. Which bank would you choose?
If the effective rate is if the effective rate : If the effective rate is 12% If the effective rate is , compute the nominal rate?
What is the effective rate compounded daily monthly : What is the effective rate of 16% compounded daily, monthly, quarterly, semi-annually, annually?
Which investment would you rather own : Which investment would you rather own: (a) Investment A is 12% annually; (b) Investment B is 11.9% semiannually; (c) Investment C is 11.8% quarterly; (d) Investment D is 11.7% daily
Cost of ending inventory using the retail inventory method : Janes april inventory had a cost of 48,000 and a retail value of 70,000 during April net purchases cost 210,000 with a retail value of 390,000 net sales at retail for jane for April were 280,000 calculate the cost of ending inventory using the retail..
Describe process whereby owners control business management : Agency Problems Who owns a corporation? Describe the process whereby the owners control the business’ management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context, what kinds of problem..
Sole proprietorships and partnerships : Sole Proprietorships and Partnerships What are the four primary disadvantages of the sole proprietorship and general partnership forms of business organization? What benefits are there to these types of business organization as opposed to the corpora..
What is the ear on your credit card : When you look closer, it states that the interest is compounded daily. What is the EAR (or the Effective Annual Rate) on your credit card?
Primary disadvantage of the corporate form of organization : Corporations What is the primary disadvantage of the corporate form of organization? Name at least two advantages of corporate organization.

Reviews

Write a Review

Financial Management Questions & Answers

  Companies raise long-term funds or capital for new projects

Companies raise long-term funds or capital for new projects through which of the following markets? The federal reserve is the governmental organization responsible for______. An increase in the value of the dollar relative to all foreign currencies ..

  What are the two components of total return for a bond

Suppose the market for lending is risk-free and perfectly efficient. Use an arbitrage argument to show there can only be one market interest rate. What are the two components of total return for a bond? How do bond dealers make money?

  Changes tend to affect aggregate payout ratios

How would each of the following changes tend to affect aggregate payout ratios (that is, the average for all corporations), other things held constant? An increase in the personal income tax rate. A liberalization of depreciation for federal income t..

  What is the companys total market value of debt

Jiminy’s Cricket Farm issued a bond with 15 years to maturity and a semiannual coupon rate of 10 percent 4 years ago. The bond currently sells for 91 percent of its face value. The company’s tax rate is 38 percent. What is the company’s total book va..

  Anderson systems is considering a project

Anderson Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV?

  Present value-assume the appropriate discount rate

An investment will pay you $75,000 in nine years. Assume the appropriate discount rate is 6 percent compounded daily. What is the present value?

  Reserve discount window to replace other source of liquidity

We learn from Gorton’s book that banks in August 2007 went right to the Federal Reserve discount window to replace other sources of liquidity that were becoming scarcer. In addition managers of the bank made public announcements that they were using ..

  Performance evaluation and compensation formulas

Explain how a firm may have to change its performance evaluation and compensation formulas for managers if it adopts a “real options” approach

  New investment that it plans to finance using one-third debt

The Walgreen Corporation is contemplating a new investment that it plans to finance using one-third debt. the firm can sell new $1000 par value bonds with a 15 year maturity at a price of $947 that carry a coupon interest rate of 12.8 percent that is..

  Theme of cloud computing social media mobile devices and

theme of cloud computing social media mobile devices and mobile applications apps. what is your overall thought on

  What will be bonds price in year

In 2010, Apple issued $1000 face bonds with a 7% semi-annual coupon. The bonds mature in 2030. Exactly 5 years later, a company financially similar to Apple is preparing to issue 20 year $1000 face bonds with a 6.5% semi-annual coupon. What will be A..

  The gain or loss on retirement

Chang Industries has bonds outstanding with a par value of $221,600 and a carrying value of $235,400. If the company calls these bonds at a price of $228,000, the gain or loss on retirement 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!

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