User Account

All Pages

What was the cost of shrinkage

Assignment Help Accounting Basics
Reference no: EM132848580

Question - In fiscal 2015, Macy's reported cost of goods sold (before shrinkage) of $16.5 billion, ending inventory for 2015 of $5.5 billion, and ending inventory for the previous year (2014) of $5.4 billion. If the cost of inventory purchases was $16.9 billion, what was the cost of shrinkage during 2015?

Reference no: EM132848580

Questions Cloud

Create a new job description to oversee the plan : Discuss the pros and cons of hiring from within the organization versus hiring externally. Create a new job description to oversee the plan.
Prepare the end-of-period adjustment journal entries : The company tax rate is 30%. Prepare the end-of-period adjustment journal entries for the deferred tax account in relation to the above situation
Analyze the role of leadership : Analyze the role of leadership that contributes to the organizational culture. For example, upper leadership knows problems exist, but do nothing to stop.
Define self as an instrument for change : Define self as an instrument for change. What behaviors will you need to employ to bring this principle to life during your organization's project? Why?
What was the cost of shrinkage : Macy's reported cost of goods sold (before shrinkage) of $16.5 billion, ending inventory for 2015 of $5.5 billion, what was the cost of shrinkage
Probability of randomly selecting an adult : What is the probability of randomly selecting an adult who sleeps between 360 min and 500min a night?
Describe the artistic choices : Land shark-Its symbolic meaning in our culture/society other than man-eating fish-Support your answer
Analyze the marketing and marketing strategy of the firm : Analyze the marketing and marketing strategy of the firm. Discuss the products, product mix, and product strategies. Discuss sales methods employed to create.
What is the virtual organization : What is the virtual organization? Why is it being considered by many organizations? How is it related to the contingent workforce and outsourcing?

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