What would the ending inventory

Assignment Help Accounting Basics
Reference no: EM132431329

Question - Presented below is information related to Tamarisk Corporation for the current year.

Beginning inventory $ 611,900

Purchases 1,527,700

Total goods available for sale $2,139,600

Sales revenue 2,600,000

What would the ending inventory, assuming that (a) gross profit is 49% of sales, (b) gross profit is 60% of cost, (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost.

Reference no: EM132431329

Questions Cloud

Determine the amount of overhead cost : Determine the amount of overhead cost that would be assigned to each product using activity-based costing.
Why the average cost of producing a commodity : Examine the factors which explain why the average cost of producing a commodity declines with an expansion in the scale of production
Find the avc and mc for the level : Find the AVC and MC for the level of output at which the AVC curve is minimum
Prepare a material usage budget for tintel and pintel : SMMAR Limited manufactures and sells two products, Tintel and Pintel. The Company has determined that it will make 2,100 units of Tintel and 2,950 units of Pint
What would the ending inventory : What would the ending inventory, assuming that (a) gross profit is 49% of sales, (b) gross profit is 60% of cost, (c) gross profit is 36% of sales
Gain or loss on the retirement of the bonds : On March 31, 2014, Bundy Corporation retired $10,000,000 of bonds, which have a liability balance on March 31, 2014 of 10,500,000, by paying bondholders
Unexpected events with organization : How do leadership monitors routine activity and reacts to unexpected events with their organization? How would you organize the business?
What is the amount of the loss as a result of the fire : Merchandise with a selling price of $18,900 remained undamaged after the fire. What is the amount of the loss as a result of the fire
Implementing electronic systems : Fast Lane is considering implementing electronic systems for transacting with suppliers. Outline some advantages that might accrue

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