Reference no: EM132691021
Oust the Turtle Corporation provided the following data as of December 31, 2020:
Items counted in the bodega 4,000,000
Items included in the account specifically segregated per sale contract 100,000
Items in receiving department, returned by customer, in good condition 50,000
Items ordered and in the receiving department, invoice not received 400,000
Items ordered, invoice received but goods not received. Burden of freight 300,000
Is on the buyer.
Items shipped today, invoice mailed, FOB shipping point 250,000
Items shipped today, invoice mailed, FOB destination 150,000
Items currently held on consignment and In bodega 200,000
Items out on consignment 800,000
Items in receiving department, refused by us because of damage 180,000
Items included in count, damaged. Net realizable value is P45,000. 50,000
Items sold and in the shipping department. Term is FOB Shipping Point. 250,000
Problem 1: How much is the amount of inventory?
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Covered interest arbitrage
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What amount should be reported as loss on note receivable
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Describe the zero-coupon bond
: -Describe the "zero-coupon bond." Indicate how it is issued, valued in the market, and which investor should consider a zero-coupon bond.
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What amount was received from note receivable discounting
: What amount was received from the note receivable discounting? Tender Company accepted from a customer a P4,000,000, 90-day, 12% note dated August 31,2019
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How much is the amount of inventory for oust the turtle corp
: How much is the amount of inventory? Items included in the account specifically segregated per sale contract 100,000. Items counted in the bodega 4,000,000
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How much is the loss from inventory decline
: Oust the Turtle Company records inventory using the perpetual inventory system. How much is the loss from inventory decline in 2022?
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Interpreting inflationary expectations
: If investors in the United States and Mexico require the same real interest rate, and the nominal rate of interest is 3 percent higher in Mexico
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Challenges specific to the market of financial services
: What are the 3 challenges specific to the market of financial services
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What alternative methods for determining libor
: What alternative methods for determining LIBOR were suggested and have any of these been implemented since?
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