Estimating Inventory Using Retail Inventory Method-Conventional Retail-Mart values its inventory using the conventional retail inventory method. It discloses the following data for the month of June 2020. Cost Selling Price $107,600 $160,000 42,000 58,000 20,000 18,000 447,200 500,000 7,200 20,000 Inventory, June 1 Markdowns Markups Markdown cancellations Markup cancellations Purchases Sales Purchase returns and allowances Sales returns and allowances 346,400 $0 6,000 Compute estimated inventory at June 30, 2020, using the conventional retail inventory method.

Q: How to draw a npv profile in excel

A: Net Present Value (NPV) is the technique used to discount the cash flows generated over the period…

Q: a. Superscript O b. Regular Italic

A: Answer: Superscript is not a font style. Option (a) is correct answer. Regular, Bond and Italic is…

Q: information: provide excel template to work

A: Net Present Value (NPV): NPV is a method used to assess the profitability of an investment by…

Q: Hi - could you please send the CAPM model and explain what it is and when to use it please?  Thank…

A: Capital Asset Pricing Model (CAPM):It defines the relationship of an asset’s expected return with…

Q: I want answer in word document

A: Calculation used to evaluate the investment and financing decisions that involve cash flows…

Q: For what reasons is the NPV technique preferable to IRR?

A: The Net Present Value (NPV) technique is a financial evaluation method used to assess the…

Q: can you hand write it instead of using excel

A: Here,Risk Free Rate is 3%Standard Deviation of Optimal Risky Portfolio is 20%Expected Return of…

Q: Please correct the aswer

A: The current yield of the bond is referred to as the relationship between the annual coupon amount…

Q: Wildhorse Company uses the allowance method for estimating uncollectible accounts. Prepare journal…

A: The journal entries are prepared to record the transactions on regular basis. The allowance for…

Q: Required: 1. Prepare an income statement and statement of retained earnings for the year ended…

A: 1. Income statement Revenue earned $170,000 Less: Expenses   Income tax expense -6000…

Q: lease submit solution step by step without using excel formulas

A: Price of a bond is the present value of coupon payments plus the present value of the par value of…

Q: don't provide AI written solution.

A: IntroductionIn the realm of capital budgeting, both Net Present Value (NPV) and Internal Rate of…

Q: Could you explain without using the excel?

A: The face value of the bond is $1,000. The coupon rate is 2%. The period is 6 years. The interest…

Q: Using CVP analysis answer from d to g

A: Hi student Since you have asked for multiple subparts, we will answer only three subparts. If you…

Q: not use ai please

A: To manually divide  110  by  39.37  using long division, follow these steps: Step 1: SetupDivide…

Q: I cannot use excel. please caculate manually

A: Given: Initial salary is $42,200 Salary rise after first year to $45,400 Inflation average is 3%

Q: Prepare the entry for the issuance under the following assumptions. (List all debit entries before…

A: The journal entries are prepared to record the transactions on regular basis. The cash received in…

Q: Please show solution in #4-8 will surely given an upvote, thank you

A: Journal Entries - Journal Entries are the primary transactions entered into by the company. It is…

Q: could you please provide the solution for b and c without using excel?

A: concept. 1. changes in future price = future price of current month - future price of previous…

Q: 1. Use Excel to compute the NPV and IRR of the two plans. Which plan, if any, should the company…

A: Net Present Value: It is the current worth of the project having the initial cost and annual…

Q: Please provide me the solution with explanation of  d,e,f and G

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: What is meant by Authorized and issued captial?

A: Meaning of Authorised capital  stock:Authorised stock refers to the maxinum number of preferred…

Q: Could you please provide the solution without using the excel?

A: concept. Formula. 1.   F = S * ert where , F= future price. S= spot price r= interest rate t= time…

Q: Factors involved in communicating useful information is are: Multiple Choice Process by which the…

A: Effective communication of useful information involves several factors, which are interrelated and…

Q: Bramble Corp. is a retailer operating in Calgary, Alberta, Bramble Corp. uses the perpetual…

A: Lets understand the basics.There are various methods followed for calculating cost of goods sold and…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: im having trouble with vlookup in excel

A: Type Vlookup in the formula bar of excel sheet.

Q: Can you please enter the information clearly without so many spaces? The information is hard to…

A: The ratio of inventory turnover measures how effectively the business uses its inventory through…

Q: Hi can you explain transaction F.

A: Every business wants that all items should be reported accurately in the financial statements. These…

Q: Please answer G part with explanation

A: Workings: Market Capitalization=No. of shares outstanding×Price per share=542-14×$35.90=$18,955.20…

Q: 1 CND= 75 R. How much is the loss for Indian company? What are the methods to avoid this risk?

A: The risk of fluctuating exchange rates across currencies that could have an impact on a company's…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.