User Account

All Pages

What is the cost of the modems recognised

Assignment Help Accounting Basics
Reference no: EM133040952

Question - NET Computers sold 20 modems for $60 on 30 April. At that date, the stock card for the modems sold had a total of 50 modems on hand at an average cost of $45.50 each. What is the cost of the modems recognised in the statement of financial performance? Assume the weighted average method of costing is use.

Reference no: EM133040952

Questions Cloud

Undertake the downsizing-mitigate the damage : Take any company which is undergoing expansion with the use of automation or inducting modern technology. This new technology should provide greater speed, accu
Seven sectors of the business environment : -Draw an image or construct a model that illustrates the seven sectors in the business environment as it relates to a business of your choice, e.g. Amazon
What is the after-tax cash flow from the sale of equipment : Quick Computing installed its previous generation of computer chip manufacturing equipment 3 years ago. What is the after-tax cash flow from sale of equipment
Calculate the year one break-even quantity : Calculate the Year 1 break-even quantity, contribution margin, and contribution margin ratio. Explain how the values were determined
What is the cost of the modems recognised : The stock card for the modems sold had a total of 50 modems on hand at an average cost of $45.50 each. What is the cost of the modems recognised
Emphasis on communication skills : Why do IT managers put so much emphasis on communication skills? Provide 1 idea that can help to improve your communication skill during your CTU studies.
Contrast data lakes and data warehouses : Compare and contrast data lakes and data warehouses. How does Azure allow you to control and monitor these types of storage?
Project management maturity level and culture : This change will need to consider project management maturity level, culture, and management styles and willingness to move to the new agile, devops environment
Security and privacy tradeoffs : Achieving information security in a large organization may come at the expense of individual employee privacy.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the adjustment made to the partnership assets

ALLAN is to be admitted into the partnership upon her cash investment for a 15% interest in the partnership. Determine the adjustment made to partnership assets

  Draft a statement of profit or loss segmented by divisions

Draft a statement of profit or loss segmented by divisions, as desired by the president. Show both amount and percentage columns for the company

  How important productivity ratio is to operation

Mary's customer has just went off track in their discussion, How important productivity ratio is to operation? How Mary has just effectively used

  Truck for your construction company with a sticker price

You want to purchase another truck for your construction company with a sticker price of $25,000. The car dealer offers you a $2,000 discount (lowering the price to $23,000) and a 48-month, 8.5% APR compounded monthly. Or, no discount with a 4.0% ..

  On january 2 richie valens pauid 24000 for 980 shares of

on january 2 richie valens pauid 24000 for 980 shares of the common stock of acme company. mr. valens recieved an 0.84

  How much is the cash settlement received by i and p

How much is the net profit (loss) of the joint venture before the bonus to V? Explain the answer. How much is the cash settlement received by I and P? Explain

  Supernormal growthsuppose a firms expected dividends for

supernormal growthsuppose a firms expected dividends for the next three years are as follows d1 1.10 d2 1.20 and d3

  Slagle corporation is a large manufacturing organization

slagle corporation is a large manufacturing organization. over the past several years it has obtained an important

  Calculate Stan taxable income for the tax year

Stan also received gross wages of $85,000 up to the date of his retirement. Calculate Stan's taxable income for the 2017/18 tax year

  What is the new balance of parkman net asse

The net assets (capital) of Matt Parkman was P125,000. If an accounts payable of P11,700 was paid, what is the new balance of Parkman's net asset?

  How would you answer your friend

The CEO of Entitled Ltd. has been focused on increasing the size of the firm and maximizing current profits. Your friend, aware of your expertise in the field of finance, asks you if the CEO's actions are creating an agency problem, and if so, ask..

  Construction contracted to build a bridge

Dalton construction contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to construction are:

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