What were the inventories as at december

Assignment Help Accounting Basics
Reference no: EM132702747

The following data relates to Tan Jiang Motors for the year ended 31/12/19. Cash at Bank $10,000, Accounts Receivable $65,000, Accounts Payable $57,000 and Current ratio is 4.2.

Problem 1: What were the Inventories as at 31/12/19?

Reference no: EM132702747

Questions Cloud

Prepare a table of entities and activities for the recommend : Prepare a table of entities and activities for the recommended system. The computer also stores all room inventory information, which is available to the front
What is linda total penalty for failure to file : Linda filed her tax return 2 months late. The tax paid with the return amounts to $3,000. What is Linda's total penalty for failure to file
What might constitute criteria for non-participation : Power relating to social status is premised on a willingness to "participate"; what might constitute criteria for non-participation, and should we think
Discussion about the elements of malpractice : There is a need to understand that malpractice is one of the legal issues that face nurse practitioners. Therefore, it is essential to understand the elements.
What were the inventories as at december : What were the Inventories as at 31/12/19? The following data relates to Tan Jiang Motors for the year ended 31/12/19. Cash at Bank $10,000
Evaluate the accountant proposed control system : Critically evaluate the strengths and weaknesses of using Profit and Loss statements based on absorption costing to evaluate departmental performance.
Explain error in jill approach that have just outlined : how Jill may have arrived at her conclusion that the special order would result in a financial loss. Also explain error in Jill's approach that just outlined
How can barriers to process improvement : How can barriers to process improvement, such as staff reluctance to change, lack of capital, technological barriers, or clinical practice guidelines, be overco
Define any meds and diagnosis that you talk about : Define any meds and diagnosis that you talk about, remember to cite. How does this experience affect your path through nursing school?

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