User Account

All Pages

What amount of consigned inventory should be included

Assignment Help Accounting Basics
Reference no: EM133036366

Question - The following consignment transactions were recorded by Rizal Corporation during January, 2011.Inventory received on consignment P45,000, Freight paid by consignor P4,500, Inventory shipped out for consignment P57,000, Freight paid by consignor P5,200. No sales of consigned goods were made during this month.

Required - What amount of consigned inventory should be included in Rizal's January 31, 2011 balance sheet? Present solutions in good accounting form.

Reference no: EM133036366

Questions Cloud

Calculate the amount of the estimated ending inventory : January net purchases were $156,000 and January sales were $440,000. Calculate the amount of the estimated ending inventory
Prepare the statement of changes in shareholders : Prepare the Statement of Changes in Shareholders' Equity for the year ended Dec. 31, 2020 and Prepare the shareholders' equity section of Ligoka Corporation
How much is the lease liability on december : If the equipment is to have a guaranteed residual value of 500,000 at the end of the lease, how much is the lease liability on December 31, 2019
What is sustainability : What is sustainability? How does it affect tourism and its environment?
What amount of consigned inventory should be included : What amount of consigned inventory should be included in Rizal's January 31, 2011 balance sheet? Present solutions in good accounting form
Who are the different stakeholder groups involved : The "miracle on the Hudson" was the ditching of US Airways Flight 1549 in the Hudson River a short time after take-off due to engine failure.
Discuss emotional engagement and performance : This module considers the management of programs for communication and marketing essential for organizations that are highly interactive with and dependent on t
Prepare a t-account for retained earnings : Selling, general, and administrative expense 6,900. Prepare a T-account for Retained Earnings to show the December 31, 2016 balance of Retained Earnings
Analysis essay of an article - thesis statement focuses : Write a one-page analysis essay of an article of your choice - Make sure your thesis statement focuses on your analysis of the article's main argument, support

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