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!
Richardson company cans a variety of vegetable-type soups. Recently, the company decided to value its inventories using dollar-value LIFO pools. The clerk who acounts for inventories does not understand how to value the inventory pools using this new method, so, as a private consultant, you have been asked to teach him how this new method works.provided you with the following information about purchases made over a 6-year period.
Ending Inventory
Date
(End-of-Year Prices)
Price Index
Dec, 31,2010
$80,000
100
Dec. 31, 2011
111,300
105
Dec. 31, 2012
108,000
120
Dec. 31, 2013
128,700
130
Dec. 31, 2014
147,000
140
Dec. 31, 2015
174,000
145
Explain how these calculations are done and why needs to put all inventories at a base-year value.
Instructions:
a. Compute the ending inventory for Richardson Company for 2010 through 2015 using dollar -value LIFO.
b. Using your computation schedules as your illustration, write a step-by-step set of instructions explaining how the calculations are done.Begin your explanation by briefly explaining the theory behind this inventory method, including the purpose of putting all amounts into base - period levels.
Bond Issue Bob is managing a bond issue for the company. You receive an urgent voice mail from him.
Specify several advantages of operating a small business when it comes to General and Administrative (G&A) expenses. Determine the single most important advantage that you believe would benefit the small-business owner the most. Explain your answe..
A regional bank has decided to open an office overseas for serving those businesses that are expanding internationally. Choose a country with a large financial center that you believe would be helpful to your customer base.
ABC Inc. is expected to pay $1.51 dividend at the end of the year and is expected to pay the same amount of dividend forever. What is its stock price, assuming it has a required return of the stock is 9%? Please show work.
Suppose that $10 million face value commercial paper with a 270 day maturity is selling for $9.65 million. What is the Discount Yield on the paper?
A corporation builds a new plant and finances its construction by issuing stock. Which ratio is least likely to be affected, all else being equal?
Below are summary cash flow statements for three roughly equal-size companies. Determine each company's cash balance at the end of the year.
Winder Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to generate additional profits
Explain how much will your collection be worth when you retire in 2058, assuming they appreciate at an annual rate of 6.1%
Corporate leaders often encounter cynicism from employees when leaders announce that they are presenting a "new" mission or vision statement for the corporation.
a marine sales dealer finds that the average price of a previously owned boat is 6492. he decides to sell boats that
assume that you purchase one round lot of shares in home depot for 70 per share that you received an annual dividend
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