What was the cost of supplies the Cal Farms purchased

Assignment Help Accounting Basics
Reference no: EM132609239

Question - Cal Farms reported supplies expense of $2,700,000 this year. The supplies account decreased by $140,000 during the year to an ending balance of $460,000. What was the cost of supplies the Cal Farms purchased during the year?

a. $3,160,000.

b. $2,560,000.

c. $2,840,000.

d. $2,240,000.

Reference no: EM132609239

Questions Cloud

Explain the entrepreneurial finance principle : Explain the Accounting Entrepreneurial Finance Principles and provide concrete examples of what can happen if the principles are violated
What would be the bond value : A 10% bond of USD 1,000 issued with a maturity of five years at par. The discounted rate of marketing is 10%. What would be the bond value
Concept of 3-f method : The concept of 3-F Method is introduced. Discuss the purpose of this concept and how it is calculated.
What the pension expense to be reported is : Thomson Corp. provides a defined benefit pension plan for its employees, What the pension expense to be reported for 2020 is
What was the cost of supplies the Cal Farms purchased : The supplies account decreased by $140,000 during the year to an ending balance of $460,000. What was the cost of supplies the Cal Farms purchased
Deterrence is designated to dissuade potential violators : Deterrence is designated to dissuade potential violators from launching threat and criminal acts against organizations.
Impact many different areas of organization-from sales : E-commerce Web sites impact many different areas of an organization-from sales, through accounting and manufacturing, to shipping.
Complete the HST return for Michael : Complete the HST return for Michael. When is the filing due date and payment date? You will need to check this out on the CRA website
Analysis is vital part of software development effort : Requirements analysis is a vital part of any software development effort, but the requirements planning for an e-commerce development project

Reviews

Write a Review

Accounting Basics Questions & Answers

  What dollar amount of supplies will be included

The January 1 inventory of supplies in an Internal Service Fund is $9,000. The fund purchases $23,000 of supplies during the year. The December 31 inventory of supplies is $6,000. If the pricing objective of the fund is to be achieved, what dollar..

  What can be done to maximize revnue

What can be done to maximize revnue? How can you change your budgeting process to make it more efficient?

  Partnerhip items for tax year

The partnership paid gauranteed payments to Simone of $1000 and $2000 per month during the fiscal years ended September 30, 2010 and 2011. How much will Simone's adjusted gross income be increased by these partnerhip items for her tax year ended D..

  E-commerce and security measures

e-Commerce and Security Measures

  What conclusions concerning the management of cash

Based on the information contained in Coca-Cola's and PepsiCo's financial statements, What conclusions concerning the management of cash

  Binsder company uses the weighted-average method in its

binsder company uses the weighted-average method in its process costing system. the assembly department started the

  Determine what is the break-even point in units

XYZ had sales of $19,500 (150 units at $130 per). manufacturing costs consisted of direct labor $2,550, direct materials $2,475, variable factor overhead.

  Discuss about activity-based costing and master budgeting

Discuss about Activity-Based Costing and Master Budgeting.discuss how a manager would use the concepts in the articles you reviewed in managerial decisions.

  Calculate the company predetermined overhead rate

The Work in Process Inventory account of a manufacturing company has a $11,625 debit balance. Calculate the company predetermined overhead rate

  If total liabilities decreased by 25000 and stockholders

if total liabilities decreased by 25000 and stockholders equity increased by 5000 during a period of time then total

  Risk-adjusted discount rates

One-Hour Dryclean, Inc., is contemplating replacing an obsolete dry-cleaning machine with one of two innovative pieces of equipment. Alternative 1 requires a current investment outlay of $25,373, whereas alternative 2 requires an outlay of $24,199..

  How much income would cord have recognized

How much income would Cord have recognized on this contract for the year ended December 31, 1992

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd