User Account

All Pages

How much is the supplies expense

Assignment Help Accounting Basics
Reference no: EM132615342

Question - On January 1, 2011, the general ledger of global corporation included supplies inventory of $1000. During 2011, supplies purchases amounted to $5000. A physical count of inventory on hand at December 31, 2011 determined that the supplies inventory was $1200. How much is the 2011 supplies expense?

Reference no: EM132615342

Questions Cloud

What is the carrying amount of remaining trading securities : What is the carrying amount of the remaining trading securities on December 31, 2017? Jan 2 Recorded the receipt of semiannual interest on bonds
What would be the amortized cost of the bonds on January : On January 1, 2021, $1,000,000, 5-year, 5% bonds, were issued for $957,349. What would be the amortized cost of the bonds on January 1, 2022
Evaluate the effectiveness of traditional bases : Evaluate the effectiveness of traditional bases for pay at the company you researched.
What revaluation surplus in equity section of light company : What the revaluation surplus in the equity section of Light Company's December 31, 2x10 statement of financial position is? The enacted tax rate was 30%.
How much is the supplies expense : A physical count of inventory on hand at December 31, 2011 determined that the supplies inventory was $1200. How much is the 2011 supplies expense
Significance of hiring right person for right job : Explain the significance of hiring the right person for the right job and how health care organizations can do so in an ethical manner.
Find how much is the inventory loss due to the flood : Find How much is the inventory loss due to the flood? Goods in transit as of October 1, 20x1 amounted to P2,000, cost of goods out on consignment is P1,200
What is the return on equity : Shareholders' equity was $100,000 at December 31 2019, $200,000 at December 31, 2020, and $300,000 at December 31, 2021. What is the Return on equity
How much is the inventory loss due to the flood : How much is the inventory loss due to the flood? On October 1, 20x1, the warehouse of ABC co. and all inventories contained therein were damaged by flood.

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