User Account

All Pages

How much of the loss of inventory should be reported

Assignment Help Accounting Basics
Reference no: EM131975256

Question - Star Management reported a loss on inventory of $50,000 in inventory in the first quarter and was not expected to recover the loss. However, in the third quarter, $60,000 was recovered. Because Star Management did not expect to recover the loss, how much of the loss of inventory should be reported?

A) $60,000

B) $10,000

C) $110,000

D) $50,000

Reference no: EM131975256

Questions Cloud

Prepare a segmented income statement for knitline : Knitline Inc. produces high-end sweaters and jacket in single factory. Prepare a segmented income statement for Knitline for coming year using variable costing.
What annual rate of return must the fund portfolio : what annual rate of return must the fund portfolio earn for you to be better off in the fund than in the CD?
What is the estimated value per share of the stock : The dividend is expected to grow at a constant rate of 7% per year. The required rate of return on the stock is 11.5%. What is the estimated value per share
What is the cost of external equity : If the flotation cost is 9% of the issue's gross proceeds, what is the cost of external equity?
How much of the loss of inventory should be reported : Because Star Management did not expect to recover the loss, how much of the loss of inventory should be reported
What is rate of return for an investor in the fund : What is the rate of return for an investor in the fund?
How are the variation amounts decided : Your firm is considering undertaking a project which requires an initial cash outlay of $750,000 and a $20,000 increase in working capital.
What is the cost of external equity : The expected dividend and the growth on dividends are $ 2.50 per share and 5% respectively. If the flotation cost is 9% of the issue's gross proceeds
Estimate the new levered beta for laplace steel : estimate the new levered beta for LaPlace Steel.

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