User Account

All Pages

Determine the consolidated inventory at year-end

Assignment Help Accounting Basics
Reference no: EM133035833

Question - Parent Company owns 75% of Subsidiary Company. For the current year, Parent and Subsidiary each report sales of P800,000 and P700,000 each, respectively. Also in the current year, Parent sold goods to Subsidiary costing P80,000 for P100,000. 40% of the goods purchased by the Subsidiary still remain unsold by the end of the year. Parent and Subsidiary also report ending inventory of P75,000 and P60,000, each respectively.

Required -

1) Determine the consolidated sales.

2) Determine the consolidated inventory at year-end.

Reference no: EM133035833

Questions Cloud

What have you learned from the required resources : What ways can you improve your writing to professors, employers, and other business professionals?
Important components of organizations : In today's variable working environment, organizational structure and learning organization occupy a central place in the management of organizations.
Develop a personal leadership improvement plan : Current leadership effectiveness and develop a personal leadership improvement plan and write an 8 to 1O-page APA style paper.
Describe need hierarchy theory : With 270,000 employees in 22 countries, Aramark wanted to better motivate its employees who clean airplanes for Delta and Southwest Airlines.
Determine the consolidated inventory at year-end : For the current year, Parent and Subsidiary each report sales of P800,000 and P700,000 each, Determine the consolidated inventory at year-end
List and describe the advantages of malls : Question 1: Explain what it means when a retailer says that she want to find a retail marked segment it is accessible?
Determine the size of the annual deposits : The account is expected to earn 5% per annum for the entire period of time. Determine the size of the annual deposits that must be made by Kate
Case scenario on corporate social responsibility : During the COVID pandemic, multiple medical and psychiatric services started to provide some services via virtual care in order to reduce COVID transmission.
Name a company that adopts differentiation strategy : Name a company that adopts differentiation strategy. Use the value chain as a framework to explain how the company

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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