Inamra Inc. is a clothing manufacturer. The firm uses a periodic inventory system. Inamra shipped $20,000 of
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (21 reviews)
Sales Returns and Allo...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Accounting questions
-
A company uses a periodic inventory system on august 1, the company had 6 items of beginning inventory with a cost of $7 per unit on August 3, the company purchased 16 units at $14 per unit then, on...
-
The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product, Beginning inventory of 20,000 units consisted of the following, listed in...
-
The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one product. Beginning inventory of 20,000 units consisted of the following, listed in...
-
Describe at least one method by which the organization can reduce change resistance?
-
Refer to Problem 55. Use R10 estimate the combined area of both parcels, and calculate an error bound for this estimate. How many subdivisions of the baseline would be required so that the error...
-
Conduct this experiment to determine the heat loss coefficient of your house or apartment in W/C or Btu/h.F. First make sure that the conditions in the house are steady and the house is at the set...
-
7. What is a sales invoice?
-
According to Nielsens Television Audience Report, in 2009 the average American home had 2.86 television sets (more than the average number of people per household, at 2.5 people). If the standard...
-
Identify the difference between variable costing and absorption costing in 250 words
-
Data for Morton Chip Company and its industry averages follow. a. Calculate the indicated ratios for Morton. b. Construct the extended Du Pont equation for both Morton and the industry. c. Outline...
-
Pag Inc. is a clothing retailer and it has terms from one of its vendors of 1/10, n/30. Compute the equivalent annual rate of return that Pag earns by always paying its bills within the discount...
-
List three special journals often used in accounting to facilitate the recording of repetitive transactions.
-
In a chemical process plant, liquid isobutane at 508F is being transported through a 30-ft-long standard 3/4-in Schedule 40 cast iron pipe with a mass flow rate of 0.4 lbm/s. Accuracy of the results...
-
1 Evaluate the given limits using the 10. f(x) = (x-3)(x-5) (a) lim f(x) X-3 (b) lim f(x) x-3+ (c) lim f(x) X-3 graph of the function (d) lim f(x) x+5= (e) lim f(x) x+5+ (f) lim f(x) X-5 50 y -50 2 6...
-
In Year 1 , Stallman Co . had a break - even point of 8 0 , 0 0 0 units, a selling price of $ 1 9 per unit, and fixed costs of $ 2 0 0 , 0 0 0 . What is Stallman Co . s variable cost per unit? (...
-
What will be the output of following statements: int a = 3; if(a!= 3){ cout
-
28. What will this program print, assuming dynamic scoping? (10 points) Consider the following code snippet for problems #29-31. For this problem, assume dynamic scoping. program main() 1. 2. { 3. 4....
-
The reaction X + Y products was studied using the method of initial rates. The initial rate of consumption of X was measured in three different experiments. Data are provided below. Expt [X] 0 (in...
-
Why is teamwork important in projects? Isnt it enough to have individual workers who are highly skilled and motivated?
-
APC16550D UART has a clock running at18.432 MHz and its baud rate is set to 2000.Determine the HEX contents of its DLM and DLL registers. Please can you explain step by step and in detail how you get...
-
A module should be opened for and closed for (a) Creation and deletion (b) Extension and modification (c) Reusability and extensibility (d) Derivation and deletion
-
The accounting records of Hobart Industries show the following information for the most recent year ended December 31: a. Find the amount debited to the Work In Process Inventory account during the...
-
Classify each of the following costs as a product cost or period cost. If it is a product cost, classify it as direct (or indirect) materials, direct (or indirect) labor, or overhead. a. Wheat used...
-
Classify each of the following costs as a product cost or period cost. If it is a product cost, classify it as direct (or indirect) materials, direct (or indirect) labor, or overhead. a. Wheat used...
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
Study smarter with the SolutionInn App