Reference no: EM132045725
Valuation of Inventory
The inventory on hand at the end of 2016 for Reddall Company is valued at a cost of $94,550. The following items were not included in this inventory:
Purchased goods in transit, under terms FOB shipping point, invoice price $4,100, freight costs $220.
Goods out on consignment to Marlman Company, sales price $4,200, shipping costs of $250.
Goods sold to Grina Co. under terms FOB destination, invoiced for $1,900 which included $178 freight charges to deliver the goods. Goods are in transit.
Goods held on consignment by Reddall at a sales price of $2,700 which included sales commission of 20% of sales price.
Purchased goods in transit, shipped FOB destination, invoice price $2,100 which included freight charges of $190.
Required:
Determine the cost of the ending inventory that Reddall should report on its December 31, 2016, balance sheet, assuming that its selling price is 140% of the cost of the inventory.
Calculate whether a us dollar or a canadian dollar is worth
: Using spot and forward exchange rates: The spot exchange rate for the Canadian dollar (CAD) is 1.14 CAD and the six-month forward rate is 1.17 CAD.
|
Compare cost flows among service and merchandising
: Compare cost flows among service, merchandising, and manufacturing enterprises, explaining how healthcare differs from the other enterprises.
|
Universal gravitational constant
: Recall that the universal gravitational constant is G = 6.67 × 10-11 N·m2/kg2.
|
What gain in gravitational potential energy
: What gain in gravitational potential energy does the launch accomplish? The mass and radius of the Moon are 7.36 × 1022 kg and 1740 km, respectively.
|
Determine the cost of the ending inventory
: Goods sold to Grina Co. under terms FOB destination, invoiced for $1,900 which included $178 freight charges to deliver the goods. Goods are in transit.
|
What is the value of the gravitational acceleration
: Assuming that the Earth has a uniform density ? = 5540.0 kg/m3, what is the value of the gravitational acceleration at a distance d = 2500.0 km from the Earth's
|
Where is the remaining balance
: On the way to the rooms, the bellboy reasons that$50 would be difficult to share among three individuals, so he pockets $20 and gives each auditor $10.
|
Express the equation in terms of the radius of the earth re
: Derive an expression for the acceleration due to gravity at a distance h above the surface of the Earth, gh.
|
Have you been protected against a rise in oil prices
: Suppose you go long 125 oil futures contracts, each for 1,000 barrels of oil, at the current futures price of $60.00 per barrel.
|