User Account

All Pages

What is the approximate inventory on February

Assignment Help Accounting Basics
Reference no: EM132448091

Question - A fire destroys all of the merchandise of Cheyenne Company on February 10, 2017. Presented below is information compiled up to the date of the fire.

Inventory, January 1, 2017 $381,900

Sales revenue to February 10, 2017 1,929,500

Purchases to February 10, 2017 1,130,430

Freight-in to February 10, 2017 59,110

Rate of gross profit on selling price 35%

Required - What is the approximate inventory on February 10, 2017?

Reference no: EM132448091

Questions Cloud

Discuss the existing tension between development : To a developing country, economic growth may be of a higher priority than the consequences to the long-term health of its citizens or its environment
Organisms in the domains bacteria and archaea : Discuss the similarities and differences between organisms in the domains Bacteria and Archaea.
Loss of human lives and destruction of infrastructure : The tornadoes that hit the southeastern US in April 2011 were devastating in terms of loss of human lives and destruction of infrastructure.
Evaluate any damaging financial of failure : Evaluate any damaging financial and ethical repercussions of failure to include the inventory write-downs in the financial statements.
What is the approximate inventory on February : A fire destroys all of the merchandise of Cheyenne Company on February 10, 2017. What is the approximate inventory on February 10, 2017
Prepare the journal entry to record the exchange : Oriole Corporation traded a used truck for a small computer with a fair value of $4,422. Prepare the journal entry to record the exchange
What is the general strike of the paleozoic rocks : What is the general strike of the Paleozoic rocks (striped pattern)?
What benefits for a business that traditional costing model : What benefits and drawbacks are there for a business that uses a Standard/Traditional Costing model? What benefits and drawback are there for a business
Utilizing the oceans for millennia : Humans have been utilizing the oceans for millennia. Discuss how influential the oceans are to humans, focusing on:

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