Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Rockwell Corporation uses a periodic inventory system and has used the FIFO cost method since inception of the company in 1976. In 2013, the company decided to switch to the average cost method. Data for 2013 are as follows: Beginning inventory, FIFO (6,000 units @ $26) $ 156,000 Purchases: 6,000 units @ $32 $ 192,000 6,000 units @ $36 216,000 408,000 Cost of goods available for sale $ 564,000 Sales for 2013 (7,000 units @ $76) $ 532,000 Additional Information: a. The company's effective income tax rate is 40% for all years. b. If the company had used the average cost method prior to 2013, ending inventory for 2012 would have been $114,000. c. 11,000 units remained in inventory at the end of 2013. Required: 1. Prepare the 2013 journal entry to adjust the accounts to reflect the average cost method. What is the effect of the change in methods on 2013 net income?
Jones Ltd.. will receive SF2,000,000 in 30 days. Use the following information to determine the total dollar amount received (after accounting for the option premium) if the firm purchases and exercises a put option: SHOW ALL WORK Exercise price = $...
A Car Dealer sells a car with a Competitive Price of $20,000 to a Car Buyer, whose competitive rate of interest is 7%. The car dealer also provides a loan for this transaction, with the Loan Amount set at $20,500 and the contractual rate of interest ..
Computing Straight-Line and Double-Declining-Balance Depreciation On January 2, Haskins Company purchases a laser cutting machine for use in fabrication of a part for one of its key products. Compute depreciation expense for each year of the machine..
If a stock's beta is equal to one, then
The 6-month, 1-yr, 1.5-yr, and 2-yr interest rates are 1.75%, 2.00%, 2.25% and 2.50% with continuous compounding. a. Calculate the present value of $100 in 1.5 years (=18 months). Suppose a bank needs to borrow (not lend) $20 million for 3 months sta..
getting better as the series winds down. kevin connolly directs the episode as we move forward with the storylines.
Ace Industries has current assets equal to $10 million. The company's current ratio is 2.5, and its quick ratio is 2.0. What is the firm's level of current liabilities? What is the firm's level of inventories?
What is the current price for Berkshire Hathaway stock, class A. What kind of signal do you think it sends? Has the class A stock has ever had a stock split?
A short-term creditor would be most interested in
Do you think the Twitter IPO was successful? For the company? For investors? Alibaba's recent IPO in the US was somewhat unusual. What do you think about this IPO? Would you buy shares? Why or why not?
You own a portfolio that has $3,200 invested in Stock A and $4,200 invested in Stock B. If the expected returns on these stocks are 12 percent and 15 percent, respectively, what is the expected return on the portfolio?
If an individual places $4,000 per year into a Roth indivdual retirement account beginning at age of 35, how much cash will have accumulated by age 65 if 8% interest is erned each year? How much income per year will be generated by this sum if a 25 y..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd