Which amounts are relevant to the decision

Assignment Help Accounting Basics
Reference no: EM133081521

Question - Kitchener Ltd purchased a large quantity of special paper for $10,000. It then spent an additional $500 to bind the paper into booklets, which it can sell. for $12,000 in total. Recentlry, Kitchener considered adding a decorative cover to the booklets and then sell them for $14,000 in total. The cost of adding the additional cover is $1,700. Which amounts are relevant to the decision?

1) All amounts in the questions are relevant.

2) $10,000, $500, $1700 and $14000

3) $1700, $12000 and $14000

4) $10,000,$500,$12,000 and $14,000

Reference no: EM133081521

Questions Cloud

What amount of loss on factoring should Hope World recognize : Hagsang assessed a fee of 2% and retains a holdback equal to 5% of the accounts receivable. What amount of loss on factoring should Hope World recognize
Why are ethics important : Why are Ethics Important. Why do you want to learn about ethics? What have you already learned about ethics and how have you formed your value system?
Calculate the present value of a perpetuity : Calculate the present value of a perpetuity that will pay out $7,500 every six months and the first payment is to be made four years from now
Determine the annual break-even point : Determine the annual break-even point (units and value) and margin of safety (units). Provide an interpretation of the results
Which amounts are relevant to the decision : Kitchener Ltd purchased a large quantity of special paper for $10,000. The cost of adding the additional cover is $1,700. Which amounts relevant to the decision
Discuss the current role of the fed monetary policy : Question - Discuss the current role of the FED's monetary policy in terms of macroeconomic stock market effects. Is the policy successful
Compute the vat payable for the third quarter : A VAT registered person had the following transactions during the third quarter 2018: Compute the VAT Payable for the third quarter
What specific disclosures are required : If these companies qualify as related parties, what specific disclosures are required per the applicable accounting standard
What would the one-year rate have to be to yield : Question - Manuel wants to invest an inheritance of $22,000 for one year. What would the one-year rate have to be to yield

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain factor that impact the risk of material misstatement

Identify and explain 5 factors that impact the risk of material misstatement. You are the new auditor for Beauty Blend Cosmetics Co (BBCC) for its December

  Enter the trial balance on a worksheet and complete

Enter the trial balance on a worksheet and complete the work sheet.

  Partners flip and flop have capital balances in a

partners flip and flop have capital balances in a partnership of 80000 and 120000 respectively. they agree to share

  How is depreciation disclosed on the statement of cash flows

Estimate the cash payments made to inventory suppliers during, How is depreciation disclosed on the statement of cash flows

  Identify and explain the threat to independence

Identify and explain the threat to independence. Determine whether Chris would be able to accept the audit if he won the tender

  Prepare the appropriate journal entry to record

What is the net realizable value (book value) Manda Panda should report in its 2011 balance sheet?

  Net profit or loss due to foreign currency

Apple Company sold goods on account for 50,000 (L) pounds on November 2, 2006. On that same date, the controller entered into a forward contract to sell the pounds for $1.5920 on March 1, 2007. Apple Company's fiscal year ends on December 31, 2006..

  Diligence measures to forward the check to the bank

Do you believe there are other due diligence measures that should have been taken? If so, list and describe those measures.

  One saturday an electronics store gave away free mini-ipods

one saturday an electronics store gave away free mini-ipods to any customer who purchased merchandise totalling over

  Companies the full disclosure principle should report

Companies the full disclosure principle should report what and which of the following post-balance-sheet events would require adjustment of the accounts before issuance of the financial statements?

  Henry contracts with irving to buy a certain coffee shop

Does Henry have any recourse against Irving? If so, on what basis and to what extent? Explain fully.

  Majority-owned subsidiary

A majority-owned subsidiary that is in legal reorganization should normally be accounted for using

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