Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Rick Corporation uses the lower of cost or net realizable value inventory. Data regarding the items in work-in-process inventory are presented below:
Markers
Pens
Pencils
Historical cost
24,000
18,880
30,000
Selling price
36,000
21,800
38,000
Estimated cost to complete
3,000
2,620
6,200
Replacement cost
20,800
16,800
Normal profit margin as a % of selling price
20%
Cost to sell based on selling price
5%
10%
Required - What is the loss on write-down under the direct write-off method?
At 30 June 2020, Land was assessed to have a fair value of $ 120,000. Prepare the journal entries during the period 30 June 2019 in relation to the Land
In a factory operating at capacity, not every machine and person should be working at the maximum possible rate. The cost of factory machinery purchased last year is: Which of the following is NOT a correct definition of the break-even point?
National Bank charges a 6% effective annual rate on its business loans. Assuming quarterly compounding, calculate the annual percentage rate on this loan.
Which information is not required to be disclosed by public companies? Which statements about the primary beneficiary of a variable interest entity (VIE) is not
In its December 31, year 2 balance sheet, what amount should Regal report as unearned revenue?
Esteban Products produces instructional aids. Compute the materials price and usage variances. Prepare journal entries for all activity relating to materials.
What is the annual cost of trade credit when the terms are 1/10, net 30? Assume a year has 360 days.12.1% (rounded),12.3% (rounded)
What is the list price of the machine? A floor lamp was purchased for $145.25 and was sold for $167.25. What was the rate of mark-up based on cost?
Compute diluted EPS. A company has $13,248,788 of net income during the year and 898,752 common shares issued, 68,175 of which are treasury shares
What is the amount of impairment loss to be recorded at 12/31/2020 assuming the asset is being will be held for use in the future.
Enter in the T-accounts the transactions that occurred in 2017. Borrowed $3,800 from the bank and signed a note promising to pay the principal
They agree on the stock's risk and on expectations about future dividends. Which of the two investors would be willing to pay more for the stock?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd