Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Date Number of Rings Purchased Cost Per Ring Total Cost
1-Feb 4 $1,000 $4,000
1-Apr 6 $1,100 $6,600
1-May 8 $1,100 $8,800
1-Jun 8 $1,150 $9,200
1-Aug 6 $1,175 $7,050
1-Oct 10 $1,200 $12,000
1-Nov 9 $1,175 $10,575
1-Dec 7 $1,150 $8,050
58 $66,275
Beginning Inventory 10
Rings Available for Sale 60
You own a jewelry store and you sell nothing but black diamond rings. As of January 1st, you had 10 rings in stock at a cost of $1,000 each. You sold 60 rings during the year. You made several purchases over the fiscal year, which ended on December 31st.
1. What was the dollar amount for ending inventory using FIFO, LIFO, and average cost methods?
2. What is the impact on the balance sheet when using different methods of accounting for inventory?
3. Why would a company select one method of accounting for inventory over another?
Present a trial balance to show the balancing of accounts. (There are a few accounts that will need to be added in order to successfully complete the journal entries and adjustments).
You expect a share of stock to pay dividends of $1.10, $1.35, and $1.60 in each of the next 3 years. You believe the stock will sell for $21 at the end of the third year.
The next dividend by mosby, inc will be $2.85 per share. the dividends are anticipated to maintain a 7.50 percent growth rate, forever. assume the stock currently sells for $49.30 per share. What is the dividend yield? what is the expected capital..
what is the present value of 2000 per year at discount rate of12 if the first payment is received 9 years from now and
The risk-free rate of return is 3.0 percent and the market risk premium is 10 percent. What is the expected rate of return on a stock with a beta of 1.2?
Currently, Cyclone's cost of equity is 12%, which is determined by the CAPM. What would be Cyclone's estimated cost of equity if it changed its capital structure to 50% debt and 50% equity? Round your answer to two decimal places.
what is the default risk premium on the corporate bonds? Round your answer to two decimal places.
a company is considering purchasing an asset for 60000 that would have a useful life of 5 years and would have a
an investment will pay you 45000 in six years. if the appropriate discount rate is ii percent compounded daily what is
Judy Anderson was assigned as a recruiter for South Illinois Electric Company (SIE), a small supplier of natural gas and electricity for Cairo, Illinois, and the surrounding area. The company had been expanding rapidly, and this growth was expected t..
Develop a five-year strategic plan with cost estimates and a time line. It should be 5-7 double-spaced, typed (12 point) pages plus exhibits. Your plan should include/address the following points:
rs 300000 is the cost of goods sold. inventory turnover is 8 times. stock at the beginning is 2 times more than the
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd