What was the goods available for sale

Assignment Help Accounting Basics
Reference no: EM133115585

Question 1 - Super Discounter Inc. is a merchandiser who had inventory at the beginning of the year of $770,000. They made purchases of $2,250,000 and had returns and allowances on purchases of $100,000. Ending inventory was $780,000. What was the goods available for sale?

Question 2 - Baltimore Manufacturing had a Work in Process balance of $89,000 on January 1, 2020. The yearend balance of Work in Process was $74,000 and the Cost of Goods 15 Manufactured was $500,000. Use this information to determine the total manufacturing costs incurred during the fiscal year 2020.

Reference no: EM133115585

Questions Cloud

Identify public bank economic characteristic : Question 1: Identify public bank economic characteristic. Question 2: Identify and know about public bank services.
Components of the nominal long term interest rate : (i) Write down an equation for the three main components of the nominal long term interest rate on a bond, clearly explaining what each symbol represents.
Planting fruit bearing trees and vegetables : Mr. Santos just received his retirement incentives amounting to P1,000,000. He is planning to buy a small farm land so that he can have a simple life of plantin
Will you buy or sell a contract in the futures market : The December 2022 S&P 500 cash index is 3980 while the S&P 500 futures index is 4000 and the contract value of each index point on the futures is $100.
What was the goods available for sale : They made purchases of $2,250,000 and had returns and allowances on purchases of $100,000. Ending inventory was $780,000. What was the goods available for sale
Provide a comprehensive overview of sales management : Provide a comprehensive overview of sales management and equip students with the tools and knowledge they need to succeed in today's increasingly complex
Determine the cost per equivalent unit of conversion : Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion
Make decisions on the fly : Supervisors often have to make decisions on the fly. how well you are able to think through a problem and come up with logical solutions.
Prepare all of the necessary journal entries : Prepare all of the necessary journal entries to record the transaction, assuming that the forward contract was designated as a fair value hedge

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.

  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!

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