User Account

All Pages

What entry would you make on december 31

Assignment Help Accounting Basics
Reference no: EM131117425

1. Purchase Commitments Prater Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long-term non-cancelable purchase commitment with its largest supplier of this raw material on November 30, 2011, at an agreed price of $400,000. At December 31, 2011, the raw material had declined in price to $375,000.What entry would you make on December 31, 2011, to recognize these facts?

Reference no: EM131117425

Questions Cloud

Human resource management : You are to work alone on the midterm without any help from anyone. Plagiarism, cheating, and academic dishonesty in any form will result in a grade of F for the course!
Draw a component block diagram : Draw a component block diagram for each of the following feedback control systems.
How can persistently weak currencies be stabilized : How Can Persistently Weak Currencies Be Stabilized. Who Is Correct? Use the Internet to learn more about this issue. Which argument do you support? Offer your own opinion on this issue.
Discuss challenge that you believe the public will encounter : Discuss the major challenges that you believe the public will encounter as a result of the proposed budget. Justify your answer with examples.
What entry would you make on december 31 : Purchase Commitments Prater Company has been having difficulty obtaining key raw materials for its manufacturing process.
Explain how the sports exports company could utilize : Explain how the Sports Exports Company could utilize the spot market to facilitate the exchange of currencies. Be specific. Explain how the Sports Exports Company is exposed to exchange rate risk and how it could use the forward market to hedge this ..
Discuss two recommendations regarding the applicability : Discuss two recommendations the authors make regarding the applicability of performance budgeting to the current United States government.
Persuasive organizational message flowing : James Lush arose from bed in his Connecticut home and looked out- side to see a heavy snowstorm creating a fairyland of white. But he felt none of the giddiness that usually accompanies a potential snow day. Such days were a gift from heaven when ..
What changes in performance measures and incentive payments : One argument that people make about the Johnson & Johnson Mission Statement is that it is necessary to make people want to follow it, that it is necessary to implement it with the measurement and incentive systems. If that type of statement were adop..

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