Reference no: EM132822729
Problem 1: Cee is using the periodic inventory sytem. For the year, its total purchases amounted to ?250,000. Its unsold merchandise at the end of the year has a cost of ?5,000 which is 80% of its beginning inventory. Cee's cost of sales is?
a. ? 249,000
b. ? 251,250
c. ? 250,000
d. ? 248,750
Problem 2: On the eve of February 14, a fire destroyed the entire merchandise inventory of Dee Merchandising. the merchandise were not insured with any insurance company. The following data were gathered: Inventory, January 1 - ? 250,000; Purchases from January 1 to February 14 - ?1,500,000; Sales from January 1 to February 14 - ?2,000,000; Mark up percentage on cost - 25%. What is the approximate inventory loss as a result of the fire?
a. ? 312,500
b. ? 1,500,000
c. ? 150,000
d. ? 250,000
Calculate the P-E ratio
: Today is January 1st, 2016. Fabregas, Inc. is projecting earnings per share (EPS) of $4.50 for January 1st, 2017. Calculate the P-E ratio
|
How much is the estimated cost of april inventory
: How much is the estimated cost of April 30 inventory? A physical inventory is taken only at year-end, hence, month-end inventories must be estimated.
|
Situational leadership theory and organizational leadership
: Explain why situational leadership theory is useful and relevant in developing an effective leadership culture.
|
Describe what a performance appraisal is
: A. Explain to him what a performance management system. In the process, describe what a performance appraisal is.
|
What is the approximate inventory loss as a result of fire
: What is the approximate inventory loss as a result of the fire? On the eve of February 14, fire destroyed the entire merchandise inventory of Dee Merchandising
|
Determine the cost components of finished goods inventory
: Assuming the company produced 25,000 units during the year, determine the cost components of the finished goods inventory
|
Case study-billy bonzai
: A few weeks after assuming his new assignment in 2015, Hidayat realized that he had a problem with Billy. In fact, when he first moved to the regional office in
|
Operations management perspective
: What company will you research and what makes it interesting from an Operations Management perspective?
|
What the net purchase amounts under the net method is
: The purchase discount is 2/10, n/30. Freight is ?500, FOB shipping point, freight collect. The net purchase amounts under the net method is
|