Calculate the level of inventory for the firm

Assignment Help Financial Accounting
Reference no: EM132494830

Question 1: A firm has current liabilities of $700, a current ratio of 1.4, and a quick ratio of 0.7. Calculate the level of inventory for this firm. please detail.

Reference no: EM132494830

Questions Cloud

Pension obligation will resemble a perpetuity : Pension funds pay lifetime annuities to recipients. If a firm remains in business indefinitely, the pension obligation will resemble a perpetuity.
What is the firms average collection period : 1.2, net income of $40,000, a profit margin of 9%, and an accounts receivable balance of $20,000. What is the firm's average collection period?
How important is the time value of money in these decisions : Advanced Cost Accounting How important is the time value of money in these decisions? Why? - This is a good question for making one think about the uses
Compute the interest rate in the us : The current MXN/USD is 0.04 and the future USD/MXN rate is expected to be 1 USD=26 MEX. The interest rate is 4% in Mexico.
Calculate the level of inventory for the firm : A firm has current liabilities of $700, a current ratio of 1.4, and a quick ratio of 0.7. Calculate the level of inventory for this firm. please detail.
What is the value of stock today : After that, the dividend is expected to increase in value by 2.5% annually. What is the value of this stock today if the required return is 9 percent?
Description of the error and analysis of the errors effects : Description of the error and analysis of the error's effects on the financials in 2018 and 2019 as it now stands (what accounts are over/understated each year).
What is net present value of installing the donut makers : The discount rate is 5.3%. What is the net present value of installing the donut makers?
Journalize whippersnappers bad debts expense : Journalize Whippersnapper's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Select the explanation on the last line)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Allocation of costs using activity based costingas you like

allocation of costs using activity based costing.as you like it gardening is a small gardening service that uses

  Discuss whether hazel is behaving in a professional manner

Hazel Holden and Cedric Dalton are organizing Calgary Metals Unlimited Inc. to undertake a high-risk gold-mining venture in Canada. Discuss whether Hazel and Cedric are behaving in a professional manner.

  Journal entires to record impairment of two securities

Impairment) Elaina Company has the following investments as of 12/31/17: Investments in common stock of Laser Company $1,500,000. Prepare journal entires to record the impairment of these two securities at 12/31/18. Assuming the Faisr Value of the La..

  Calculation of material handling costs predetermined

calculation of material handling costs predetermined overhead costs and account balance.giltronics inc. applies

  Expected change to bond market price

What would be the expected change to a 30-year bond’s market price or value if its YTM increases to 10.4%? Its YTM is now 9.4%, it has an 8% annual coupon, $1000 face value, it is currently priced at $897.26, and its duration is eight years. Please s..

  Classify the change as change in accounting principle

Researching GAAP AICPA Adapted Sometimes a business entity may change its method of accounting for certain items. It may classify the change as a change in accounting principle, a change in accounting estimate, or a change in reporting entity.

  Compute the eight variances that were discussed in class

Total the variances you have computed, and compare the net amount with the $12,250 mentioned by the vice president.  Do you agree that everyone should be congratulated for a job well done? Explain.

  Computation of adjusted cash balance

Computation of Adjusted Cash Balance - which the company had erroneously recorded in the accounting records as $40. The "adjusted cash balance" at June 30 should be?

  Complete as to conversion costs

The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs.

  What is the total direct labor variance

The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 2,300 units, the actual direct labor cost was $46,000 for 3,000 direct labor hours worked, what is the total direct labor variance?

  The balance sheet and income statement for a company are

the balance sheet and income statement for a company are provided below along with selected additional financial

  The remainder of the week to receive the bonus

Tessa completed 17 pieces on her 15-piece contract for the company. There is a bonus earned if the individual exceeds 2% of their piece contract. How many pieces must Tessa complete in the remainder of the week to receive the bonus?

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