User Account

All Pages

Discuss prepare an insurance claim for a theft loss

Assignment Help Accounting Basics
Reference no: EM131788108

You are requested by a client on September 28 to prepare an insurance claim for a theft loss that occurred on that day. You immediately take an inventory and obtain the following data:

Inventory, September 1 $38,000   Sales, September 1-September 28 $51,000
Purchases, September 1-September 28 19,000

The inventory on September 28 indicates that an inventory of $15,000 remains after the theft. During the past year, net sales were made at 50% above the cost of goods sold.

Reference no: EM131788108

Questions Cloud

What does the direction of the trend mean in this context : There is a very slight trend. Is the trend positive or negative? What does the direction of the trend mean in this context? Identify any unusual points.
What total amount of cost should be assigned : Units completed and transferred out 20,000. What total amount of cost should be assigned to the units completed and transferred out during June
Current price of the bonds if the present ytm is given : The Lone Star Company has $1,000 par value bonds outstanding at 9 percent interest. The bonds will mature in 20 years. Compute the current price of the bonds.
What would the correlation be : Capacity of Cars The correlation between the car price (in dollars) and the cubic capacity of the engine (in liters) for some cars is 0.89.
Discuss prepare an insurance claim for a theft loss : You are requested by a client on September 28 to prepare an insurance claim for a theft loss that occurred on that day
Calculate the correlation : The table gives some hypothetical data for number of hours of video games played in a day and BMI (body mass index) for some young teenagers.
Price of the bond for the titan corp : The Titan Corp. issued a $1,000 par value bond paying 8 percent interest with 15 years to maturity. Assume the current yield to maturity on such bonds.
Prepare the journal entries on december : On December 31, 2008, Jarnigan Co. estimated that 2% of its net sales of $400,000 will become uncollectible. Prepare the journal entries on December
Advice to start a new business : Best business management specialists and just newly hired in the consultancy firm - rite a short essay for the client who needs a piece of advice

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