User Account

All Pages

How much shrinkage occurred during the month

Assignment Help Accounting Basics
Reference no: EM132526695

Question - Windsor, Inc. uses a perpetual inventory system and reported $516,000 of inventory at the beginning of the month based on a physical count of inventory. During the month, the company bought $36,000 of inventory and sold inventory that had cost $31,500. At the end of the month, the physical count of inventory shows $520,000 on hand. How much shrinkage occurred during the month?

Reference no: EM132526695

Questions Cloud

Molecules of fluorine gas : At what pressure will 4.8 molecules of fluorine gas have a volume of 60 liters and a temperature of 298k?
Recall information system : Recall an information system that you have used regularly, such an online banking system, a payroll system, or an airline reservation system.
What volume will the gas occupy at a pressure : A 2.6 liter container of nitrogen had a pressure of 3.2 atm. What volume will the gas occupy at a pressure of 1.5 atm?
Motivate companies to expand internationally : Discuss the primary factors that motivate companies to expand internationally.
How much shrinkage occurred during the month : At the end of the month, the physical count of inventory shows $520,000 on hand. How much shrinkage occurred during the month
Describe chosen company and what business is : Identify and describe your chosen company, what business it is in, and set out the problem that needs to be solved. This is a situational analysis
What amount of interest revenue should be included : The market rate in effect on the date the note was accepted was 7%. What amount of interest revenue should be included
What pressure must be applied to the gas : What pressure must be applied to the gas to make it's volume become 60 mL? What example of law is this?
Describing potential computer security problem : Prepare and attach a PowerPoint presentation describing a potential computer security problem related to that system.

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