User Account

All Pages

What amount should novak report as its december inventory

Assignment Help Accounting Basics
Reference no: EM131694085

Question - Novak company took a physical inventory on December 31and determined that goods costing $190,900 were on hand. Not inlcuded in the physical count were $26,400 of goods costing Pelzer Corporation, f.o. b. shipping point, and $23,260 of goods sold to Alvarez Company for $29,460, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Novak report as its December 31 inventory?

Reference no: EM131694085

Questions Cloud

Develop a traditional research paper : MBA 601 - develop a traditional research paper on a topic related to the course and the proposal doesn't appear to be appropriate for a graduate level course.
Prepare the entry at issuance of the note : A $35,000, 12% one-year note payable was issued on July 31. The balance sheet date is December 31. Prepare the entry at issuance of the note
What makes account confusing or opens them for mistakes : Where in the closing process is the easiest for mistakes to be made while processing account transactions. What makes them confusing or opens them for mistakes?
Estimate the average amount of copper ore per ton mined : A mining company needs to estimate the average amount of copper ore per ton mined. A random sample of 50 tons gives a sample mean of 146.75 pounds.
What amount should novak report as its december inventory : Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Novak report as its December 31 inventory
Managers can take to help reduce workplace stress : What are some specific steps that managers can take to help reduce workplace stress
Explain what this enzyme does : Different enzymes work better under different condition, when in a human body might it be beneficial to to have enzyme that work well in very acidic environment
What is the advantage to an oral vaccine for influenza : 1. What is the advantage to an oral vaccine for influenza? 2. How were hemagglutination inhibition titers measured?
Bargaining process between unions and management increased : How has your understanding about the collective bargaining process between unions and management increased?

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