User Account

All Pages

What is the inventory balance that coldstone would report

Assignment Help Accounting Basics
Reference no: EM133076214

Question - On January 1, 2021, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $120,000 and $256,2000, respectively. Net purchases during the year at cost and at retail were $738,400 and $912,000, respectively. Markups during the year were $11,000 There were no markdowns. Net sales for 2021 were $877,850. 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: EM133076214

Questions Cloud

Calculate the direct labour total variance : At the end of January 2021, the following actual data is recorded: Units produced 920. Calculate the direct labour total variance
Characteristics common to successful entrepreneurs : Are entrepreneurs born or made? Explain your answer by describing three characteristics common to successful entrepreneurs.
What is the capitalized cost of a water treatment plant : What is the capitalized cost of a water treatment plant that initially costs $31M. The maintenance on the plant is $15K per year, every year
Entrepreneurship in health care : What is the influence of entrepreneurship in health care? The positive and negative ways that entrepreneurship has affected the health care field.
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
Judgments interviewer makes about job applicant : What factors influence the way we perceive people? How might these factors influence the judgments an interviewer makes about a job applicant?
What amount should be included in the consolidated statement : What amount should be included in the consolidated statement of financial position at December 31, 2017, for the equipment cost and accumulated depreciation
What is the unit production cost an an assembled microchip : During January 15,000 microchips were placed into production and 10,000 were fully completed, What is the unit production cost an an assembled microchip
The influence of technology : What criteria would you use to measure the technology's effectiveness? What steps do you believe could be taken by management to address negative outcomes?

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