User Account

All Pages

How much inventory did julia purchase during the year

Assignment Help Accounting Basics
Reference no: EM132099205

Question - Julia owns a gift shop. She starts the year with $50,000 of inventory, ends the year with $40,000 of inventory, has $500,000 of sales during the year, and has Cost of Goods Sold of $410,000 during the year. How much inventory did Julia purchase during the year?

A. 320,000

B. 360,000

C. 370,000

D. 400,000

E. 450,000

Reference no: EM132099205

Questions Cloud

What is sam cost of goods sold for the year : Sam owns a small cell phone store. He starts the year with $10,000 of inventory, What is Sam's Cost of Goods Sold for the year
How much can she deduct on her Schedule C : Leah is a self-employed consultant who gives gifts to her clients during the holidays. How much can she deduct on her Schedule C
The newest sales representative for weight loss clubs : Assume you are the newest sales representative for Weight Loss Clubs, a gym and weight-management company.
How much can kevin deduct : Kevin takes his client out to a fancy dinner to celebrate the deal they just agreed to that afternoon. How much can Kevin deduct
How much inventory did julia purchase during the year : Julia owns a gift shop. She starts the year with $50,000 of inventory, How much inventory did Julia purchase during the year
What was the outcome of the case : The Fair Labor Standards Act (FLSA) is one of the complex laws governing employment relationships. The FLSA determines how employees are paid.
Improve the accuracy of pre-employment interviews : Your boss asks you how she can improve the accuracy of pre-employment interviews. What would you tell her?
What is the payback period for this investment : Landmark Prints is considering an investment in new equipment costing $520,000. What is the payback period for this investment
List and explain the benefits of telework : Explain the differences between outsourcing and offshoring, and how each impact an organization. List and explain the benefits of telework.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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