The business maintains a perpetual inventory system costing

Assignment Help Finance Basics
Reference no: EM13483926

Beginning inventory, purchases, and sales data for portable DVD players are as follows:

April 1

Inventory

120 units at $39

6

Sale

90 units

14

Purchase

140 units at $40

19

Sale

110 units

25

Sale

45 units

30

Purchase

160 units at $43

The business maintains a perpetual inventory system, costing by the first-in, first-out method.

a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale.

b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method?

Reference no: EM13483926

Questions Cloud

List and explain the three financial factors that influence : list and explain the three financial factors that influence the value of a
If they make annual payments into a savings plan how much : applying time value. a couple will retire in 50 years they plan to spend about 30000 per year in retirement. which
What happens to the equilibrium rate of exchange and to the : a. what happens to the equilibrium rate of exchange and to the equilibrium quantity of foreign exchange if the nations
How can we measure a nations degree of economic : a. how can we measure a nations degree of economic interdependence with the rest of the world?b. why does the u.s. rely
The business maintains a perpetual inventory system costing : beginning inventory purchases and sales data for portable dvd players are as followsapril 1inventory120 units at
Using these numbers in excel 25 45 73 16 34 98 34 45 26 2 : using these numbers in excel 25 45 73 16 34 98 34 45 26 2 56 97 12445 23 63 110 12 17 41what is the mean median mode
The coupon rate on the debt is 75 percent what is the : ernst electrical has 9000 shares of stock outstanding and no debt. the new cfo is considering issuing 80000 of debt
The employer will match the employees social security and : 1.the employer will match the employees social security and medicare contribution.2.the taxable earnings column of a
You were recently hired as the cfo of golden hmo in : financial policies and strategiesyou were recently hired as the cfo of golden hmo in california. the hmo system by

Reviews

Write a Review

Finance Basics Questions & Answers

  Should the company accept the project

The Mitre Box Company is considering a project with an initial cost of $35,000 and future cash inflows of $20,000, $15,000, $10,000 and $5,000 over the next four years respectively.

  Acquisition and expenditure cycle-typical source documents

In brief discuss the acquisition and expenditure cycle. What are some of typical source documents and controls you can identify?

  Compute the stock price change

Company Z stock is trading at $30 per share given that the risk free interest rate is 9 percent and the equilibrium risk premium on the market portfolio is 8 percent.

  A traded option is available with delta of 06 gamma of 15

a financial institution has the following portfolio of over-the-counter options on sterlingtypepositiondelta of

  Computation of irr as well as net present value

Computation of IRR as well as net present value and Look at the graph you draw and write a short paragraph stating what the graph

  Describe variable expense and fixed expense

Define and describe following type of expenses & give some example of a business activity from profession that may change amount of variable expenses with each definition.

  What is the weighted average life

You have a portfolio with an average duration of 6.5 years and a value of $1 million. If interest rates rise by 150 basis points, what will be the approximate value of your portfolio if you make no changes?

  What is the bonds yield to maturity

You just purchased a bond that matures in 15 years. The bond has a face value of $1,000 and has an 8% annual coupon. The bond has a current yield of 8.37%. What is the bond's yield to maturity? Round your answer to two decimal places.

  What is the significance of precedent to judicial

as a new manager in your department you are tasked with the job of providing employee training for members of your

  How much in new savings will frank have available at age 65

frank age 28 wants to calculate his resources in real inflation-adjusted terms. calculate the amount of resources

  Computation of financial and operating levarages

Computation of financial and operating and combined levarages and Fastron has 1 million shares of common stock outstanding

  Find the net proceeds from the sale of each bond

Flotation costs of $30 per bond will be incurred in the process (which implies that f = 2.97%, or 0.0297 in decimal form) and the firm is in a 40% tax bracket.

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!

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