User Account

All Pages

Estimate the cost of the merchandise inventory

Assignment Help Accounting Basics
Reference no: EM131790366

Question - During July, the first month of the fiscal year, sales totaled $900,000 and the cost of merchandise available for sale totaled $800,000. Estimate the cost of the merchandise inventory as of July 31, based on an estimated gross profit rate of 40%.

Reference no: EM131790366

Questions Cloud

How your reassignment resolves the problem : How your reassignment resolves the problem. Explain in detail why do you assign this duties to each role and how solve the problem.
Evaluating the potential investments : Mr. Asimov must replace the 15 robots on his assembly line. The Robo100 model costs $49379 per robot and they will last for three years.
Engage in a variety of activities : Looking for appropriate career options requires you to engage in a variety of activities, including performing a self-assessment
Find the probability that a z-score will be 1.76 or less : Use a table or technology to answer each question. Include an appropriately labeled sketch of the Normal curve for each part.
Estimate the cost of the merchandise inventory : Estimate the cost of the merchandise inventory as of July 31, based on an estimated gross profit rate of 40%
Disaster recovery plan and a business continuity plan : What is the difference between a disaster recovery plan and a business continuity plan?
Find the probability that a z-score will be -1.00 or less : Use a table or technology to answer each question. Include an appropriately labeled sketch of the Normal curve for each part. Shade the appropriate region.
Which positions will be most critical to fill first : What traits would you look for in each person for each position? You may need to refer to the Roles and Responsibilities (Links to an external site.)
Compute the langrange multiplier : Mr. Paul is consuming products X and Y optimally and deriving total utility of 10 utiles. when his budget is increased from K80 to k81.

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