Find the cost of food sold for the month of January

Assignment Help Accounting Basics
Reference no: EM132850424

Question - Find the cost of food sold for the month of January 2020 from the following information. The food inventory on December 31 2019 is 2500. A physical count of the food inventory on January 31 shows a total of $2200 in storage. Purchase of food for January were 2000 and employee meals amounted to $175 only?

Reference no: EM132850424

Questions Cloud

Integrated automate fingerprint information system : The Integrated Automate Fingerprint Information System (IAFIS) maintained by the FBI is the world's largest and most successful fingerprint database
What was the score on the remaining test : If the student's scores on six of the tests are 84, 71, 92, 82, 91, and 70, what was the score on the remaining test?
What is the entry on December : What is the entry on December 31 assuming Jefferson uses the net method, and the obligation is still unpaid on the said date
Company receives large shipments of aspirin tablets : A pharmaceutical company receives large shipments of aspirin tablets. The acceptance sampling plan is to randomly select and test 14 tablets
Find the cost of food sold for the month of January : A physical count of the food inventory on January 31 shows a total of $2200 in storage. Find the cost of food sold for the month of January
The evolution of global jihad : Discuss evolution of global jihad since the Iranian Revolution of 1979. Analyze current policies of at least three Middle Eastern countries as related terrorism
Explain from the biological decision-making process : Explain from the biological, psychological, or socio-cultural perspective your decision-making process for identifying the behaviors
What is the price of the bond now : The company has run into hard times and the yield to maturity on the bonds has increased to 11%. What is the price of the bond now
What is completely randomized design : What is Completely Randomized Design? What is One-way ANOVA and how is it related to CRD?

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.

  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!

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