User Account

All Pages

What amount does company a report as inventory

Assignment Help Accounting Basics
Reference no: EM133133137

Question - Company A and Company B use a 12/31 year-end.

Company A has $1,100 in inventory at the end of December, before any adjusting entries.

The inventory is 100 items at a cost of $11 each.

The estimated the selling price of the inventory at 12/31 is $9 per item.

Company B has $4,000 in inventory at the end of December, before any adjusting entries.

The inventory is 500 items at a cost of $8 each.

The estimated selling price of the inventory on 12/31 is $10 per item

What amount does Company A report as inventory on the published balance sheet at 12/31?

What amount does Company B report as inventory on the published balance sheet at 12/31?

Reference no: EM133133137

Questions Cloud

What is the trader gain or loss : The price received for each option is $4. The price of the underlying asset is $41 in six months. What is the trader's gain or loss
Develop a molecular laboratory : Develop a molecular laboratory. This will require that you write a proposal to administration. This proposal must include your assay design and equipment list
Describe what is involved in corrective action : Describe what is involved in corrective action. Describe a plan of corrective action for this employee.
Spreadsheet containing the cost data : Using the Drop Box link below, download the Excel spreadsheet containing the cost data for Arc Fabrication & Design, Inc. Note: the spreadsheet will open in
What amount does company a report as inventory : The estimated selling price of the inventory on 12/31 is $10 per item. What amount does Company A report as inventory on the published balance sheet at 12/31
Sketch the income-consumption curve for the values : Suppose a consumer's preferences are given by U(X,Y) = X*Y. Therefore the MUXYM = $60M = $100 = Y and MU = X. Suppose the price of good Y is $1 and the price of
Draw the market and label the initial price and quantity : 1) Shift the curve to show what will occur in the milk industry if technological progress makes it cheaper and easier to produce milk.
Dimensions on intimacy used in relationship : Explain how self-disclosure is used in relationship. Discuss the dimensions on intimacy used in your relationship. Apply love languages to your relationship
Compute the net present value for the project : The branch office is expected to generate additional before tax net income of $30,000 per year. Compute the net present value for the project

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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