User Account

All Pages

What is the inventory balance that coldstone would report

Assignment Help Financial Accounting
Reference no: EM132953679

Question - On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $110,000 and $290,850, respectively. Net purchases during the year at cost and at retail were $768,000 and $948,000, respectively. Markups during the year were $12,000. There were no markdowns. Net sales for 2021 were $916,950. The retail price index at the end of 2021 was 1.05. What is the inventory balance that Coldstone would report in its 12/31/2021 balance sheet?

Reference no: EM132953679

Questions Cloud

Calculate the expected returns and standard deviations : 1. Given two stocks with E(r1) = 10%, E(r2) = 15%, s1 = 20%, s2 = 25%. Calculate the expected returns and standard deviations of a two-stock portfolio under eac
Draw a diagram showing the variation of the investor profit : An investor buys a European put on a share for K3. The stock price is K42 and the strike price is K 4. Draw a diagram showing variation of the investor profit
Estimate value of european exercise put option on index : As an expert in pricing financial derivatives, your friend, John, approached you seeking a professional advice on the fair price of the European style call and
Compute the expected return of the stocks or portfolios : Consider a CAPM economy. You expect a risk free rate (rf ) of 4% and the market return (rM) of 10%. Compute the expected return of the following stocks or portf
What is the inventory balance that coldstone would report : The retail price index at the end of 2021 was 1.05. What is the inventory balance that Coldstone would report in its 12/31/2021 balance sheet
Prefer the risk free asset than the risky portfolio : The utility function of an investor is U = E(r) - 0.5As2. The risk free rate is 2%. The risky portfolio has an expected return of 10% and standard deviation of
Looking for benefits related to stadium subsidies : What have economists discovered when looking for benefits related to stadium subsidies?
What was the size of the semi-annual payments : Danielle obtained a business loan of $290,000 at 3.77% compounded semi-annually. What was the size of the semi-annual payments
Does target adjust retail value of inventory for permanent : Does Target adjust the retail value of inventory for permanent markups or permanent markdowns to effectively report inventory at the lower of cost or market?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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