User Account

All Pages

How much depreciation expense will be in finished goods

Assignment Help Financial Management
Reference no: EM132379420

Question

Start of the year Finished good Goods Inventory = $1,000,000. At the end of the year, the company had a Finished Good Inventory = $1,400,000. during the year the company incurred $400,000 of depreciation expense on its manufacturing equipment. How much depreciation expense will be in Finished Goods Inventory under variable costing?

Reference no: EM132379420

Questions Cloud

Why has psychology generated so much research on the self : As we have reviewed the readings this week, we have learned about the personality and a number of different theories which include Psychodynamic, Humanistic.
What information would you like to see in the manual : Describe one use of the WCTT that you believe is not justified, given the information provided in the manual. In order for the WCTT to be used in this way.
What is moral scepticism : What is moral scepticism and how is it different from moral relativism? Is it any more (or less) plausible than moral relativism?
What are the key characteristics of mentors : What are the key characteristics of mentors? Based on the key mentor characteristics, is effective mentoring based more on a person's heart or mind?
How much depreciation expense will be in finished goods : Start of the year Finished good Goods Inventory $1,000,000. At the end of the year, the company had a Finished Good Inventory $1,400,000.
What are three factors that determine who is required : What are three factors that determine who is required to file a U.S. income tax return. Please explain. The response paper should be in APA format.
Prepare the journal entry to record the income tax expense : Prepare the journal entry to record the income tax expense, deferred income taxes, and income taxes payable. Tamarisk Corporation began operations in 2017.
Compute the amount of income tax expense to report in 2018 : If the tax rate is 39% for all periods, compute the amount of income tax expense to report in 2018. No deferred income taxes existed at the beginning of year.
Prepare the necessary closing entries at december 31 : The December 31, 2016, credit balance of the Retained Earnings account was $122,200. Petruchio Construction is required to make a $8,000 payment.

Reviews

Write a Review

Financial Management Questions & Answers

  What is the debt to equity ratio

What is the debt to equity ratio? What is the WACC?

  What is the modified duration of bond

Market yields for this type of bond are 4 percent. What is the modified duration of this bond?

  Outstanding bonds-what is their yield to maturity

Aurand Inc. has outstanding bonds with an 8% coupon paid semiannually. The bonds have a par value of $1,000, a current price of $904, and will mature in 14 years. What is their yield to maturity?

  Home value drops below your outstanding loan balance

If your home’s value drops below your outstanding loan balance, you have negative equity

  Semi-annual coupon-conversion ratio-holding period return

A convertible bond has a 5 percent, semi-annual coupon and a conversion ratio of 35. The bond has a face value of $1,000 and matures in 18 years. The current yield to maturity is 4.9 percent. Assume that you buy this bond today and sell it one year f..

  The british government has consol bond

The British government has a consol bond (perpetual bond) outstanding that pays ?100 in interest each year.

  Compute payback statistic for project

Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years.

  Condensed balance sheet items along with related ratios

Mr. Hamad, the finance manager of XYZ Company, has gathered the following condensed balance sheet items along with related ratios.

  What is the required after-tax refunding investment outlay

Five years ago, Northwest Water (NWW) issued $40,000,000 face value of 30-year bonds carrying an 8% (annual payment) coupon. NWW is now considering refunding these bonds. It has been amortizing $4 million of floatation costs on these bonds over their..

  What is the cost of new equity for the firm

What is the cost of new equity for the firm? What are the advantages and disadvantages of using this type of financing for the firm

  Calculate the internal rate of return for the product

Plato Pharmaceuticals Ltd. has invested $100,000 to date in developing a new type of insect repellent. Calculate the internal rate of return for the product.

  Expected market return-risk- free rate of return

What is the expected risk- free rate of return if asset X, with a beta of 1.5, has an expected return of 20 percent, and the expected market return is 15 percent? Expected return of Stock =  risk- free rate of return + Beta*( expected market return -..

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