User Account

All Pages

What is the value of inventory as at July for each company

Assignment Help Accounting Basics
Reference no: EM133130875

Question - Suppose that on July 20, 2019, both Company A and Company B sold inventory with a cost of $57,700. The updated balance of inventory as at July 1 for both companies was $137,000. Company A uses the perpetual inventory system. Company B uses the periodic inventory system and performs an inventory count at the end of each month. What is the value of inventory as at July 20 for each company?

Reference no: EM133130875

Questions Cloud

Consumer confidence index unemployment : Choose one of the following economic indicators: the Consumer Confidence Index (CCI) unemployment, housing starts, or the federal funds rate. Consider how this
What are the basic assumptions of CVP analysis : What are the basic assumptions of CVP analysis? How can managers use CVP analysis as part of their budgeting and planning process
Draw market demand and supply curves : (1) Draw market demand and supply curves. Plot the market equilibrium. Solve for a price and quantity at the market equilibrium.
What is multiplication of probabilities : What is Multiplication of Probabilities. When does this application happen, what can you say about the events in a situation where we multiply probabilities, et
What is the value of inventory as at July for each company : Suppose that on July 20, 2019, both Company A and Company B sold inventory with a cost of $57,700. What is the value of inventory as at July for each company
What is the ethical dilemma presented by the case : Perform an ethical analysis of Facebook. What is the ethical dilemma presented by the case?
Organise economic production : How does the older theory of mercantilism differ from the liberal economics that developed in the Enlightenment? What is the reasoning behind liberal economists
Write relatively short contracts for computer chips : During the beginning of the 21st century, growth in computer sales declined for the first time in almost two decades. As a result, PC makers dramatically reduce
Prepare a statement showing the budgeted overheads : Prepare a statement showing the budgeted overheads for next year, analysed between the two cost centres. This should be in the form of three columns

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