Reference no: EM132161449
Question - Please help me understand the following concepts:
1. Culver Co. purchased goods with a list price of $166,300, subject to trade discounts of 20% and 10%, with no cash discounts allowable. How much should Culver Co. record as the cost of these goods?
2. Larkspur Company's inventory of $1,177,500 at December 31, 2017, was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items.
(a) Goods shipped from a vendor f.o.b. shipping point on December 24, 2017, at an invoice cost of $65,030 to Larkspur Company were received on January 4, 2018.
(b) The physical count included $28,040 of goods billed to Sakic Corp. f.o.b. shipping point on December 31, 2017. The carrier picked up these goods on January 3, 2018.
What amount should Larkspur report as inventory on its balance sheet?
|
Proposed product or service they are analyzing
: What are the two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing?
|
|
What should sanderson company report as its inventory
: Sanderson Company's inventory of $1.1 million at December 31, 2017, What should Sanderson Company report as its inventory amount on its 2017 balance sheet
|
|
How would value differ where you have increase in access
: Prior to engaging in this discussion, read Chapters 1 and 2 in the text and review any relevant Instructor Guidance. It is suggested that you also review.
|
|
Describe the steps you would take to review security goals
: CS566 Securing the Enterprise Infrastructure with Cyber Security Techniques - describe the steps you would take to review security goals than providing
|
|
What amount should larkspur report as inventory
: Culver Co. purchased goods with a list price of $166,300, subject to trade discounts of 20% & 10%, What amount Larkspur report as inventory on its balance sheet
|
|
What are some factors that alan should consider
: Do you think the firm should offer benefits to part-time workers? If yes, should it offer paid time off, the 401(k) plan, and health insurance.
|
|
Analyze the major components of the system
: Analyze the major components of the system, processes, and methods for effective human resource management in the public sector.
|
|
What are the four components of a feasibility analysis
: What are the four components of a feasibility analysis and which of these components is most important to a small business owner
|
|
Engage in corporate social responsibility
: In terms of the purpose of a corporation, is it solely for the benefit of the shareholders to make money for the shareholders or does a corporation
|