User Account

All Pages

Gravais company include in inventory

Assignment Help Accounting Basics
Reference no: EM13873093

The Gravais Company made two purchases on December 29, 2010. One purchase for $3,000 was shipped FOB destination, and the second for $4,000 was shipped FOB shipping point. Neither purchase had been received on December 31, 2010.

Required:
Which of these purchases, if either, does the Gravais Company include in inventory on December 31, 2010? What is the cost?

Reference no: EM13873093

Questions Cloud

Describe a person, object, or event using verifiable facts : In this paper, you will describe a person, object, or event using only verifiable facts, making sure to eliminate ALL words that are subjective. Subjective words are words that derive their (different) meanings, based on the experience of the perc..
Find the cost of each pencil and each eraser : The cost of 11 pencils and 3 erasers is $50 and the cost of 8 pencils and 3 erasers is $38.Find the cost of each pencil and each eraser.
Aim of customer relationship management : The aim of customer relationship management (CRM) is to produce high customer
Kangaroo jim company uses a perpetual inventory system : Record each transaction, assuming that Kangaroo Jim Company uses (a) a perpetual inventory system and (b) a periodic inventory system.
Gravais company include in inventory : The Gravais Company made two purchases on December 29, 2010. One purchase for $3,000 was shipped FOB destination, and the second for $4,000 was shipped FOB shipping point. Neither purchase had been received on December 31, 2010.
Is the main character the protagonist? : Is the main character the protagonist?
Beneficial to advancing medical science : Both the Tuskegee study and the Willowbrook study produced research data that was beneficial to advancing medical science. Is the use of the data from these and other such experiments ethically defensible? Why or Why Not? In composing your response, ..
What are the current hipaa requirements : Submit a written response to these questions. Relate the topics to your own experiences. Use outside references if necessary. You response should be 500-700 words, using APA style formatting. 1.What are the current HIPAA requirements? What are the pr..
An arithmetic progression are : The 10th and 18th terms of an arithmetic progression are 41 and 73 respectively. Find the 27th term.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How did mr madoff keep his new investments at such a high

some say that bernard l. madoff is the biggest financial fraud in history. the new york times gives us some background

  Manley company planned to sell 40000 units this year at

manley company planned to sell 40000 units this year at 6.00 per unit. actual results indicate that 42000 units were

  Northern manufacturing company found that during the last

northern manufacturing company found that during the last year it took an average of 43 days to pay its suppliers while

  Lovitz company is planning to produce 2500 units of product

lovitz company is planning to produce 2500 units of product in 2008. each unit requires 4 pounds of materials at 8 per

  In this era of rapidly changing technology research and

in this era of rapidly changing technology research and development rampd expenditures represent one of the most

  Mosbey inc is working on its cash budget for june the

mosbey inc. is working on its cash budget for june. the budgeted beginning cash balance is 16000. budgeted cash

  A company purchased a new truck at a cost of 37900 on july

a company purchased a new truck at a cost of 37900 on july 1. the truck is estimated to have a useful life of 5 years

  Pattillo industries makes a product that sells for 25 a

pattillo industries makes a product that sells for 25 a unit. the product has a 5 per unit variable cost and total

  Discuss the qualities that make this product pr service

The goal is to apply learned concepts and later build a strategic marketing plan for your product or service. You will not be allowed to mimic plans or ideas from larger or already "in-place" campaigns. You must think on your own two feet.

  Examine your companys cost classification for pricing of

examine your companys cost classification for pricing of the navigation system. defend your cost classification to u.s.

  How does it impacts the accounting equation make sure to

genie performs service on account which means that genie lets some customers pay later. genie earns revenue but doesnt

  What is the wacc

The before-tax cost of debt is 6.50%, the yield on the preferred is 6.00%, the cost of common stock is 11.25%, and the tax rate is 40%. What is the WACC?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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