If $8,400 was the beginning inventory, purchases were $14,000, and sales were $12,600, how much was the ending inventory last accounting period?
Q: Accounting question
A: Step 1: DefinitionThe predetermined overhead rate is an estimated rate used to allocate…
Q: Hi expert please help this question
A: To calculate the after-tax income from the special project, follow these steps: 1. Determine the…
Q: Please give me true answer this financial accounting question
A: To determine how many dollars of sales are generated from every $1 in total assets, we use the Total…
Q: Daughdrill Corporation is developing direct labor standards. The basic direct labor wage rate is…
A: To calculate the standard rate per direct labor hour, we need to consider three components:Basic…
Q: General Accounting Question provide answer
A: When an exchange has commercial substance, the gain or loss is recognized is based on the difference…
Q: Calculate the amount of gross profit
A: Explanation of Gross Profit:Gross profit is the financial measure that represents the difference…
Q: Want general account solution
A: Part (a)Calculation of Budgeted Direct Materials usedEach unit requires 2.20 pounds of materials at…
Q: Solve this accounting problem
A: To find how much of the $5,170 payment is applied to the principal of the note, we need to calculate…
Q: The cash account for crawford enterprises amounted to 3500
A: Explanation of Debit Entries: Debit entries are recordings made on the left side of a T-account and…
Q: please given general accounting
A: To determine the capital gains rate, we use the total return formula for a stock: Total Return =…
Q: Using the following data: Actual direct labor-hours worked Standard direct labor rate Labor…
A: To solve this, we need to calculate the standard hours allowed for December's production based on…
Q: abc general accountions
A: Step 1: Definition of Fixed CostFixed costs are business expenses that remain constant in total…
Q: need help this questions
A: To find the price-earnings ratio (P/E ratio), we first need to calculate the earnings per share…
Q: Ans
A: Detailed explanation:1. Initial Purchase (February 3, 2013)Adam bought 1,000 shares of Airco Inc.…
Q: Step by step answer
A: Question 1: Step 1. Calculate the Warranty expense for the current month Warranty expense for the…
Q: What are the companys fixed expenses?
A: Explanation of Contribution Margin Ratio:The contribution margin ratio represents the percentage of…
Q: Financial Accounting MCQ
A: Concept of Inventory Turnover RatioThe Inventory Turnover Ratio measures how many times a company…
Q: The industrial enterprise "HUANG S.A." purchased a sorting and packaging machine from a foreign…
A: A) Determination of the Acquisition Cost of the Multifunction MachineDefinition: According to IAS…
Q: Determine the depreciation
A: Step 1: Calculation of Depreciation per hourPurchase cost = $195,600Residual value = $9,500Useful…
Q: Nitin Sweets believes its advertising expenditures are too high and wants to cut $600,000 from the…
A: **Step 1: Calculate Lost Gross Margin from Sales Decline** - **Estimated sales loss:** 12,000 units…
Q: Please give me true answer this financial accounting question
A: Step 1: Define Dividend PayoutThe Dividend Payout refers to the portion of a company's earnings that…
Q: The industrial enterprise "HUANG S.A." purchased a sorting and packaging machine from a foreign…
A: A) Determination of the Acquisition Cost of the Multifunction MachineThe acquisition cost…
Q: ??
A: a) Operating LeverageOperating Leverage = Contribution Margin / Operating ProfitOperating Leverage =…
Q: Financial Accounting Question
A: Question 2: Total Liabilities CalculationGiven:Beginning liabilities = $127,000Revenue = $143,000…
Q: Help me to get answer for this financial accounting problem
A: Explanation of Enterprise Value: Enterprise value (EV) represents the total value of a company's…
Q: Under variable costing,total period costs are
A: Explanation of Variable Costing:Variable costing is a costing method where only variable production…
Q: The rate return on assets for 2012 was ?
A: The Rate of Return on Assets (ROA) measures how efficiently a business utilizes its assets to…
Q: hello teacher plz ans
A: Step 1: Definition of Interest ExpenseInterest expense is the cost incurred by an entity for…
Q: i need this question answer General accounting question
A: Step 1: Define Double-Declining Balance DepreciationThe Double-Declining Balance (DDB) Method is an…
Q: What is the annual future cash flow for this investment on these financial accounting question?
A: Step 1: Define Annual Future Cash FlowAnnual future cash flow represents the expected cash inflows…
Q: During the month, Phoenix Enterprises earned $15,000 in revenue, but only $13,000 of that had been…
A: Explanation of Net Income:Net income is the amount a company earns after deducting all expenses from…
Q: Financial accounting
A: Step 1: Define zero-coupon bond is a bond that does not pay periodic interest. Instead, it is sold…
Q: Pretermined overhead rate and breck it down into variable and fixed elements
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a calculated cost per…
Q: Can you please solve this
A: Step 1: Definition of Total AssetsTotal assets are all the resources owned by a company that can be…
Q: General Accounting
A: Step 1: Define Receivables Turnover RatioThe Receivables Turnover Ratio measures how efficiently a…
Q: ?? Financial accounting
A: To calculate the percent return on the investment in Global Tech stock, we use the Total Return…
Q: Please provide correct answer this financial accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) measures a company's profitability in…
Q: Helppp
A: Enterprise Value (EV) Calculation:Formula:EV = Market Capitalization + Total Debt - Cash & Cash…
Q: River is a salaried exempt worker who earns $73,630 per year for a 35-hour workweek. During a…
A: Step 1:The salaried exempt workers mean the worker will get the fixed salaries instead of being…
Q: Tutor need answer
A: To calculate Kim Manufacturing's Return on Equity (ROE) and Return on Assets (ROA), we can use the…
Q: Please given correct answer
A: Step 1: Calculate the Cost of Goods Sold (COGS) before AdjustmentBegin with the cost of goods…
Q: Compute the sales price variance and the sales volume variance for may 2008
A: Step 1: Definition of Sales Price Variance and Sales Volume VarianceSales Price Variance measures…
Q: General Accounting
A: b).Finding Equity MultiplierAccording to Du-pont analysis ROE = Total assets turnover * Net profit…
Q: During the year, Minot Company produced 120,000 drills for industrial equipment. Minot's direct…
A: To compute the standard pounds of direct materials and standard direct labor hours allowed for the…
Q: What is the capital gain yield? General accounting
A: The capital gains yield can be calculated using the dividend discount model (DDM) for a stock with…
Q: What is the flexible budget net income?
A: Step 1: Calculation of contribution margin per unitContribution margin per unit = Selling price per…
Q: General Accounting question
A: Image.Explanation.To determine the percent return on the investment in Global Tech's stock, we first…
Q: correct answer please
A: To calculate the total cost of the job when it is completed in October, we need to consider the…
Q: Financial Accounting
A: To calculate the gain or loss on the sale of the fleet of trucks, we use the formula: Gain/Loss =…
Q: What was the net income for the year?
A: Explanation of Net Income: Net income represents the company's total earnings or profit calculated…
If $8,400 was the beginning inventory, purchases were $14,000, and sales were $12,600, how much was the ending inventory last accounting period?
Step by step
Solved in 2 steps
- If $8,400 was the beginning inventory, purchases were $14,000, and sales were $12,600, how much was the ending inventory last accounting period?What is the inventory turnover if COGS is $10,000, beginning inventory was 200, and ending inventory was 76?Please need answer the general accounting question
- How much were inventory purchases when cost of goods sold was $250,000, beginning inventory was $20,000, and ending inventory was $25,000?What was Paloma Company's approximate inventory turnover ratio if the beginning inventory was $5,000, and the ending inventory was $2,000, the total sales during the period were $60,000, and the gross profit was $22,000?If beginning inventory is $1,998, ending inventory is $1,407 and cost of goods sold is $11,158, how much is purchases?
- Beginning inventory was $4,000, purchases totaled $31,000, and sales were $20,000. What is the ending inventory?If your cost of goods sold for the year was $825,000, with beginning inventory of $240,000 and ending inventory of $260,000, what is the inventory turnover ratio?The last accounting period?
- 7. Charles Inc. has an ending inventory of $423,425, and the cost of goods sold for the year just ended was $5,231,425. What is the inventory turnover? The days’ sales in inventory? How long on average did a unit of inventory sit on the shelf before it was sold?The days' sale in inventory is 73. The cost of goods sold is 720,000. The net sales are 1,020,000, the beginning inventory was 82,000. What is the ending inventory?What was the amount of inventory purchased during the year?