User Account

All Pages

What amount should swifty report as its december inventory

Assignment Help Accounting Basics
Reference no: EM133070990

Question - Swifty Company took a physical inventory on December 31 and determined that goods costing $150,000 were on hand. Not included in the physical count were $21,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $19,500 of goods sold to Alvarez Company for $27,500, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Swifty report as its December 31 inventory?

Reference no: EM133070990

Questions Cloud

What is the monthly interest rate on this loan : He will make payments of $400,000 every month for 3 years at the end of the month to pay off the loan completely. What is the monthly interest rate on this loan
What is the equivalent interest rate : You get $220,000 per year for the next 30 years starting with your first payment now. What is the equivalent interest rate between these 2 options
Historical development of computer programming : Understand the basic principles of algorithms and compile software using a choice of object-oriented Programming language - Design using SQL, Java, JavaScript
What the amount of the period change in total liabilities : If total assets decreased by $52,314 during a period of time and stockholders equity increased by $28,898. What the amount of period change in total liabilities
What amount should swifty report as its december inventory : Not included in the physical count were $21,000 of goods purchased from Pelzer Corporation, What amount should Swifty report as its December inventory
What will be the peak number of subscribers : Under a best-case scenario, it plans to have 4 percent market penetration in year 1, 8 percent in year 2, What will be the peak number of subscribers
Prepare the necessary journal entry : Prepare the necessary journal entry to update the allowance for uncollectibles, assuming the balance prior to preparing the aging was a $15,000 credit
What would be the effect on this month expenses : It costs $25 to initially hook up each new customer. What would be effect on this month's expenses if the salesperson added fifty-five new customers this month
What audit procedures should you undertake : What audit procedures should you undertake with respect to obtaining audit evidence against Bass's investment in Commercial Industrial Inc

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