Find how often does natalie need to count inventory

Assignment Help Accounting Basics

Reference no: EM132685328

Because Natalie has had such a successful first few months, she is considering other opportunities to develop her business. One opportunity is the sale of European mixers. The owner of Kzinski Supply Company has approached Natalie to become the exclusive distributor of these fine mixers in her state. The current cost of a mixer is approximately $575, and Natalie would sell each one for $1,150. Natalie comes to you for advice on how to account for these mixers. Each appliance has a serial number and can be easily identified.

Natalie has come to you for your advice on how to account for these mixers and asks you the questions below, which you must address.

Question 1: Would you consider these mixers to be inventory, or should these mixers be classified as supplies or equipment?

Question 2: Which inventory tracking system should Natalie use: perpetual or periodic?

Question 3: Which system do you think is better: perpetual or periodic?

Question 4: Which system would you recommend for the type of inventory that Natalie wants to sell?

Question 5: How often does Natalie need to count inventory if she maintains it using the perpetual system? In contrast, does she need to count inventory at all?

Reference no: EM132685328

Questions Cloud

What does it mean to be tinsdale-negative : What does it mean to be Tinsdale-negative? Does it mean bacteria doesn't grow on this media?

Explain the advantages of using bioelectrochemical systems : Explain the advantages of using bioelectrochemical systems and the role of electroactive microorganisms. You can focus on microbial fuel cells

Set up an experiment on an outbreak : Discuss the method you would use to set up an experiment on an outbreak that could occur today. What data would you want to include? How would you control your

Develop some further discussion to your identified problem : Research and develop some further discussion and background to your identified problem to outline some of the key issues that frame the problem.

Find how often does natalie need to count inventory : Find how often does Natalie need to count inventory if she maintains it using the perpetual system? In contrast, does she need to count inventory at all?

Impact the microbial community of guts : 1) How might a poor diet impact the microbial community of our guts?

Why were the federal sentencing guidelines developed : Why were the federal sentencing guidelines developed, and what is their purpose? Should judges have more or less discretion when it comes to sentencing?

How do calculate total interest amount paid at end : How do Calculate total interest amount paid at end of amortization terms. Calculate monthly interest payment and monthly principal payment for each options.

Questions about covid-19 : What group of viruses does COVID belong to? What does it look like (i.e. is it an RNA virus? What structures does the virus have? Is it enveloped?

User Account

All Pages