User Account

All Pages

Shown here are annual financial data at december

Assignment Help Accounting Basics
Reference no: EM13905775

Shown here are annual financial data at December 31, 2013, taken from two different companies.

290_267-B-M-A-M-A (608).png

Required: 

1. Compute the cost of goods sold section of the income statement at December 31, 2013, for each company. Include the proper title and format in the solution. 

2. Write a half page memorandum to your instructor 

(a) Identifying the inventory accounts 

(b) Identifying where each is reported on the income statement and balance sheet for bothcompanies 

Reference no: EM13905775

Questions Cloud

How long will a pulse to travel from one support to other : A rope of mass 0.65 kg is stretched between two supports that are 30 m apart. If the tension in the rope is 120 N, how long will it take a pulse to travel from one support to the other?
What roles do social institutions play in your life : What roles do social institutions play in your life? In society as a whole? For this assignment, you will first evaluate each of the three theoretical perspectives (functionalist, conflict, and interactionist) on social institutions and then decid..
Find the current ratio and working capital for given company : Each company from a financial analysis statement that was used to be attached so I can check - The Coca-Cola Company and PepsiCo.
The statement of partners equity : The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk invested an additional $10,000. Based on this information, the statement of ..
Shown here are annual financial data at december : Shown here are annual financial data at December 31, 2013, taken from two different companies.
Discuss the implications for further research : Can the results of the research have practical application in our adult lives? If so, in what ways are we affected; if not, why? Discuss the implications for further research, questions raised by the study, and your personal perspective on the result..
Words favorable and unfavorable when evaluating variances : The reason we use the words favorable and unfavorable when evaluating variances is made clear when we look at the closing of accounts. To see this, consider that: Does Cost of Goods Sold increase or decrease when closing a favorable variance?
What is the wavelength of a 10-mhz ultrasonic wave : calculate the wavelengths in air at 20°C for sounds in the maximum range of human hearing, 20 Hz to 20,000 Hz.
How far is the speaker from each observer : A loudspeaker is placed between two observers who are 120m apart along the line connecting them. If one observer records a sound level of 60dB and the other records a sound level of 90dB, how far is the speaker from each observer?

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