User Account

All Pages

What was his gross margin for March

Assignment Help Accounting Basics
Reference no: EM132846748

Question - On March 1st, Manav had six TVs ($200 cost). Each Monday this month (March 7 th, 14 th, 21 st, and 28 th), Manav purchased ten TVs from his supplier. The price increased to $210 on March 12th, but dropped to $205 on March 28th. Manav sold five TVs in week one (March 1st to 7th), eight in week two, eleven in week three, and six in week four. Assuming the selling price was $400 per TV and Manav uses the moving-weighted-average method, what was his gross margin for March? Make all necessary journal entries and SHOW YOUR WORK! b) Repeat 3a, but using the first-in-first-out method.

Reference no: EM132846748

Questions Cloud

What is its beta : Assume that risk-free rate is 5 percent, and that the market risk premium is 8 percent. If a stock has a required rate of return of 10 percent, what is its beta
What role did the government play in defining : What role did the government play in defining, protecting, and/or limiting the liberty of American workers during the Gilded Age?
What is the confidence interval : In this applet, is the population proportion. It is automatically set to 0.5. n is the sample size and it is automatically set to 100. We are going to use this
What were the arguments including a woman right to vote : What were the arguments for and against including a woman's right to vote in the Fifteenth Amendment? What did this debate say about the boundaries
What was his gross margin for March : Assuming the selling price was $400 per TV and Manav uses the moving-weighted-average method, what was his gross margin for March
What is the probability that exactly two seniors : The math club of some university consists of 6 freshmen, 8 sophomores, 15 juniors and 7 seniors. From these members, five officers need to be chosen
How did redeemers feel that freedom was being threatened : Who were the Redeemers, what did they want, and what were their methods? How did the Redeemers feel that their freedom was being threatened
Compute a confidence interval for the mean economic : Compute a 95% confidence interval for the mean economic dynamism of middle-income countries.
Explain the strengths of the fourteenth amendment : Explain the strengths and weaknesses of the Fourteenth Amendment. What liberties and freedoms did it extend in the nineteenth century-and to whom?

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