User Account

All Pages

Determine correct amount of inventory that concord report

Assignment Help Accounting Basics
Reference no: EM132689979

Problem 1: As a result of a thorough physical inventory, Concord Company determined that it had inventory worth $320700 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $47000 on its sales floor that belong to Concord but are being sold on consignment by Walker. The selling price of these goods is $75700. Concord purchased $22000 of goods that were shipped on December 27, FOB destination, that will be received by Concord on January 3. Determine the correct amount of inventory that Concord should report.

A) $342700.

B) $367700.

C) $389700.

D) $320700.

Reference no: EM132689979

Questions Cloud

Describe major initiatives that the organization has taken : Describe some major initiatives that the organization (Tim Horton) has taken to position itself as leader in promoting workplace diversity?
What is the ending balance on the statement of changes : What is the ending balance on the Statement of Changes in Owner's Equity for this data? Beginning Balance = $200,000. Owner's Withdrawals = $60,000
How would you go about market pricing the positions : Your organization, a major health services provider headquartered in the city of Pittsburgh, has acquired a small, independent laboratory in Sarasota, FL.
Causes homeostatic imbalance in system : Describe how the pathology of the health condition causes a homeostatic imbalance in the system.
Determine correct amount of inventory that concord report : Concord Company determined that it had inventory worth $320700, Determine the correct amount of inventory that Concord should report.
Is google diversification related or unrelated : Is Google's diversification related or unrelated and how will these actions create value?
What do you plan to do as an hr manager : Performance evaluations have been long debated. What do you plan to do, as an HR manager, in order to ensure the performance evaluation process is objective.
How does self-awareness fit into the process : How does self-awareness fit into the process of decision-making?
Compare organization development and transformation : Compare and contrast organization development and organization transformation. How are they similar or dissimilar? The response must be typed.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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