User Account

All Pages

The following data were taken from recent annual reports of

Assignment Help Accounting Basics
Reference no: EM13597371

The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and distributor of greeting cards and related products:

  • cost of goods sold $13,717,000,000 $826,791,000
  • inventory, end of year 270,000,000 187,817,000
  • inventory, beginning of year 165,000,000 230,308,000

a. Determine the inventory turnover for Apple and American Greetings. Round to one decimal place

Reference no: EM13597371

Questions Cloud

If department k had 2500 units 45 completed in process at : if department k had 2500 units 45 completed in process at the beginning of the period 15000 units were completed during
Mikes agi is 120000 before any of the above expenses are : mike incurs the following employment-related expenses in the current yearactual automobile expenses 2500moving
A new project will require development costs of 60 million : a new project will require development costs of 60 million at time zero and 100 million at the end of 2 years from time
Original data assume that feather friends inc distributes a : original data assume that feather friends inc. distributes a high-quality wooden birdhouse that sells for 20 per unit.
The following data were taken from recent annual reports of : the following data were taken from recent annual reports of apple computer inc. a manufacturer of personal computers
Monex reported 70000 of net income for the year by using : monex reported 70000 of net income for the year by using absorption costing. the company had no beginning inventory
At december 31 2010 the following information was available : at december 31 2010 the following information was available for j. graff company ending inventory 52130 beginning
Cablevision will incur additional operating costs for : the city of mirada wants to offer cable television to its residents in 2012. the city has approached a company called
Cody company reports net income of 104400 in 2010 however : cody company reports net income of 104400 in 2010. however ending inventory was understated 18820. what is the correct

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the equivalent units for conversion costs

Calculate the equivalent units for conversion costs for the month in the first processing department.

  Calculate the future value of 1535 invested today for 8

calculate the future value of 1535 invested today for 8 years at 6

  Lang enterprises was started when it acquired 4000 cash

lang enterprises was started when it acquired 4000 cash from creditors and 6000 from owners. the company immediately

  Difference between the revenue listed

What is the difference between the revenue listed in item (1) and thatlisted in item (6)?

  Amount of accrued liability for compensated absences

What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2005?

  Adjusting entry for uncollectibles

Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable. a) Prepare the Decemb..

  Determine difference in allocation between two approaches

Compute the overhead rates using the activity-based costing approach. Determine the difference in allocation between the two approaches.

  P1-6 data analysis manufacturing statement cost terminology

p1-6 data analysis manufacturing statement cost terminology oreilly manufacturing inc.s cost of goods sold for the

  Dodger statements for financial reporting purpose

Assuming Dodger's tax rate is 30 percent in all periods, and that the company uses the carryback provisions, what amount should appear in Dodger's statements for financial reporting purposes as a net loss in 2011?

  What is the amount of allowable depreciation

Arnie, a college student, purchased a truck in 2010 for $6,000. He used the truck 70% of the time as a distributor for the local newspaper and 30% of the time for personal use. The truck has a five year recovery period and he claimed depreciation ..

  Dring 2012 nova inc made several treasury stock

problem 1 during 2012 nova inc. made several treasury stock transactions. for each of the following give the entrys

  As the accountant for runson moving company you are

as the accountant for runson moving company you are preparing the companys annual return form 940 and schedule a. use

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