User Account

All Pages

Prepare the necessary December entry

Assignment Help Accounting Basics
Reference no: EM132288908

Question - Marigold Inc. uses a perpetual inventory system. At January 1, 2017, inventory was $215,774,800 at both cost and realizable value. At December 31, 2017, the inventory was $285,178,200 at cost and $265,331,200 at realizable value.

Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method.

Reference no: EM132288908

Questions Cloud

Roe exceed the market capitalization rate : The firm has a 40% plowback ratio. By how much does the firm's ROE exceed the market capitalization rate?
How some of the materials in the museum might challenge : Write an overview of USU's Nora Eccles Harrison Museum of Art. You can find all the information you will need in thier website. You should write a personal.
Describe the importance of having family involved : How can you involve family in the treatment and recovery process? Include at least two inclusive strategies in your response.
What is bbva cost of preferred stock : BBVA issued preferred stock that pays a constant $4.65 dividend. The stock sells for $83 per share. What is BBVA's cost of preferred stock?
Prepare the necessary December entry : Marigold Inc. uses a perpetual inventory system. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method
What can you do as a counselor or administrator to ensure : Why is it important for a professional counselor to understand the levels of care established by the American Society of Addiction Medicine?
What is the company cost of equity : The company will maintain a constant 7 percent growth rate in its dividends indefinitely.
Think about one childhood or adolescent illness : In medical settings, social workers may face ethical dilemmas around testing, initiating or withholding treatment, disclosing of diagnoses, and more.
Evaluate the supervisory and leadership skills demonstrated : Evaluate the supervisory and leadership skills demonstrated in the Petrakis case study by identifying which supervisory.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Luisa has worked for a 2500-employee chemical manufacturer

luisa has worked for a 2500-employee chemical manufacturer poyson for two years. she went to work monday morning to

  Question 23 figure 4-6 xeller company makes electronic

question 23 figure 4-6. xeller company makes electronic keyboards. the practice model price is 220 and variable

  Determining the bond redemption decision

Armstrong Aero Ace, a flight training school, issued $100,000 of 20-year bonds at face value when the market rate was 10%. The bonds have been outstanding for ten years.

  How many dollars of revenue must the company generate

Circle K Furniture has a contribution margin ratio of 16%. If fixed costs are $176,800, how many dollars of revenue must the company generate in order to reach the break-even point?

  What should be the minimum relevant cost per television

What should be the minimum relevant cost per television in negotiating a price for this special order

  What amount of shipping department costs

These orders were shipped in 1,385 boxes. What amount of shipping department costs should be allocated to these sales

  Prepare a transaction analysis of the nine transactions

Echo Lake Company started operations on November 1, 2018. Nine transactions occurred during November. Financial statements are prepared at the end of the month.

  What amount of interest expense was paid in cash

What amount of interest expense was paid in cash in 2014, What amount of interest expense was reported on the 2014 income statement

  Discuss the ethics of this situation

She decided not to tell the restaurant's owner and to keep the free case for herself. Discuss the ethics of this situation

  Problem related to transfers land worth

Erica transfers land worth $500,000, basis of $100,000, to a newly formed corporation, Robin Corporation, for all of Robin's stock, worth $300,000, and a 10-year note. The note was executed by Robin and made payable to Erica in the amount of $200,..

  The characteristic that is most often used to distinguish a

the characteristic that is most often used to distinguish a product as either a main product or a by-product is the

  What is the aftertax cash flow from this sale

Hunter's Paradise purchased $568,000 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $199,500.

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