Reference no: EM131922692
Problem - Estimated of Fire Loss: on January 20, 2014 records revealed the following:
Inventory, July 1, 2013 $52,600
Purchases, July 1, 2013 - January 29, 2014 $368,000
Sales, July 1, 2013 - January 29, 2014 $583,000
Purchases returns $11,200
Purchases discounts taken $5,800
Freight-in $3,800
Sales returns $6,600
A fire destroyed the entire inventory on January 20, 2014, except for purchases in transit, FOB shipping point of $6,000, and goods have a selling price of $4,700 that were salvaged from the fire. The salvaged goods had an estimated salvage value of $2,900. The average gross profit on net sales in previous periods was 40%.
1. Calculate cost of goods available for sale and on hand.
2. Calculate COGS.
3. Calculate Cost of Goods Salvaged.
4. Compute the cost of the inventory lost in the fire.
|
Describe how components of hawthorne study are incorporated
: Describe how the components of the Hawthorne study are incorporated in current human resource functions. What was the main idea behind this study?
|
|
How many patient days does the hospital need to break even
: Cedars Hospital has average revenue of $180 per patient day. Variable costs are $45 per patient day; How many patient days does the hospital need to break even
|
|
Identify and explain the organization you are evaluating
: Identify and explain the organization you are evaluating. Provide an overview of the industry within which the organization operates.
|
|
Create a marketing plan for saint john city
: Create a marketing plan for Saint John City (Saint John, New Brunswick, Canada). Write details for every section and add more information as you write.
|
|
Compute the cost of the inventory lost in the fire
: Estimated of Fire Loss: on January 20, 2014 records revealed the following: Inventory, July 1, 2013 $52,600. Compute the cost of the inventory lost in the fire
|
|
Explain michael porters diamond of national advantage
: Briefly, explain Michael Porter's Diamond of national advantage. Explain one motivation and one risk when considering international expansion.
|
|
Aqueous solution of soil
: A 1000ml grad cylinder contains an aqueous solution of soil. You notice three distinct layers after the solution was shaken and allowed to sit for 2 days
|
|
Calculate tony deductible loss basis and any losses
: Calculate Tony's deductible loss, basis, and any losses suspended under the at-risk and/or passive activity loss rules each year
|
|
Write one-page writing on given topic
: Write one-page writing, single spaced. Need a long reading. NOURISHCO. BEVERAGES LTD: MAKING NEW INROADS (By Neena Sondhi).
|