User Account

All Pages

What is the value of inventory as at May

Assignment Help Accounting Basics
Reference no: EM132588564

Question - Suppose that on May 13, 2019, both Company A and Company B sold inventory with a cost of $35,400. The updated balance of inventory as at May 1 for both companies was $116,500. 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 May 13 for each company?

Reference no: EM132588564

Questions Cloud

Documented the protests in ljubljana last summer : Correct any errors in the following sentences. If the sentence is correct, write "Correct."
What should happen to it : Atkinson, capital (40% of all profits and losses) $75,000. If Rasputin contributes additional cash of $26,000 to the partnership, what should happen to it
Refrigeration process begins in the compressor : a. The refrigeration process begins in the compressor. This compresses the gas so that it heats up.
Discuss how play benefits a child development : Watch the video, The Importance of Play. Discuss specific examples of how play benefits a child's development. Then, using at least one online resource.
What is the value of inventory as at May : The updated balance of inventory as at May 1 for both companies was $116,500. What is the value of inventory as at May
Knowledge through virtual education : Research Question: Have students really approach their knowledge through virtual education?
How your views on early childhood curriculum have changed : We are now more than halfway through the course. Think back to the beginning of the course and describe how your views on early childhood curriculum have change
Find the amount of interest expense : A company issued 6.0%, 5-year bonds with a par value of $250,000. Find the amount of interest expense for the second semiannual interest period
Calculate income from a business for tax purposes : Jordana has asked you to calculate her income from a business for tax purposes, before CCA, for the calendar year ending Dec 31.

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