Determine the retail method of inventory costing

Assignment Help Finance Basics

Reference no: EM131951181

Question: A business using the retail method of inventory costing determines that merchandise inventory at retail is $1, 235,000. If the ratio of cost to retail price is 54%, what is the amount of inventory to be reported on the financial statements? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131951181

Questions Cloud

Job burnout-job satisfaction-retention and turnover : What is the relationship between job burnout, job satisfaction, retention and turnover? As a manager, what kinds of things would you institute.

How far does the price of telecom stock have to fall : How far does the price of Telecom stock have to fall for you to get a margin call if the maintenance margin is 30%? Assume the price fall happens immediately.

Responsibilities does the manager have to terry and phil : What legal, ethical, and economic responsibilities does the manager have to Terry and Phil?

Prepare a financial report for Pepsico Inc firm : This assignment asks you to prepare a financial report for a real U.S. firm using data from Yahoo! The firm's name is 'Pepsico Inc.

Determine the retail method of inventory costing : A business using the retail method of inventory costing determines that merchandise inventory at retail is $1, 235,000.

How can you explain one journal article : How can you explain one journal article/ newspaper article/report/ statistical report/news/internet clippingsby using/applying concepts/theories.

Degrees of freedom for hypothesis test : The government would like to test the hypothesis that the average hourly wage for men is more than $2.00 higher than the average hourly wage for women.

Write an if-else statement that output word warning provided : Write an if-else statement that outputs the word Warning provided that either the value of the variable temperature is greater than or equal to 100.

Write an if-else statement that outputs word passed provided : Write an if-else statement that outputs the word Passed provided value of variable exam is greater than or equal to 60 and also the value of variable programs.

User Account

All Pages