Portman Inc. uses the conventional retail inventory method. Expressed in millions of dollars, information about Portman's 2020 inventory account is expressed in the table below: Beginning inventory Purchases Freight-in Purchase returns Net markups Net markdowns Normal spoilage Net sales Cost 55 1,160 30 45 Retail 90 2,170 115 225 100 60 1,940 At what amount would Portman record its inventory on its 12/31/20 balance sheet? a. $150 million. b. $252 million. c. $300 million. d. Snone of the above.

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: 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: Natarajan, Inc. had the following operating segments, with the in Segment Expenses $ 650,000…

A: We must contrast the segment revenues with the sum of the revenues of all other segments in order to…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: The correct answer in the context of sheaf theory is a category equipped with a Grothendieck…

Q: Having a probllem with T -Accts . Please help

A: The t-accounts are as follows:

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: 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: n you handwrite this or type it instead of using excel

A: According to the expectation theory short term interest rate should be in line with long term…

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: not use ai please

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

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: 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: 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: 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: can you please write your solution out and not use excel.

A: Loan amount=$8000Interest rate=12%No payment for year 1.Total payments=18Find out the monthly…

Q: Please see images

A: Inventory is the goods and material a business holds for resale. LIFO:-  As the name suggests Last…

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…

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.