FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

B. Sheetal annual inventory count took place on 7 January 2021. The inventory value on this date was 38,950. During the period from 31 December

image text in transcribed

B. Sheetal annual inventory count took place on 7 January 2021. The inventory value on this date was 38,950. During the period from 31 December 2020 to 7 January 2021, the following transactions took place: Sales 6,500 Purchases 4,250 The mark up is 25% on cost. Requirement: What is Sheetal's inventory value at 31 December 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Environmental Reporting The Western Approach To Nature

Corporate Environmental Reporting The Western Approach To Nature

Authors: Leanne J Morrison

1st Edition

0367785455, 9780367785451

More Books

Students also viewed these Accounting questions

Question

★★★★★
Glenn Dental Clinic provides general dental care to residents of Philadelphia on walk-in basis. The clinic has started receiving complaints from patients that the waiting time is too long and has...

Answered: 1 week ago

Question

★★★★★
do Mowing to antitier quetibon wil saro bit respone aestion 3 Please the the tatin above to antwer the folowing question whols mumberf is a. 025 anits, 1750 unia b. 1075 unte; - 6as unis c. 976 unis,...

Answered: 1 week ago

Question

★★★★★
1. If a student gives a wrong answer in class, say, I bet others would give that answer too. Lets examine why that is not the best answer. This gives us a chance to dig deeperexcellent!

Answered: 1 week ago

Question

★★★★★
Using PERT, Harold Benson was able to determine that the expected project completion time for the construction of a pleasure yacht is 21 months, and the project variance is 4. (a) What is the...

Answered: 1 week ago

Question

★★★★★
Vanik Corporation currently has two divisions which had the following operating results for last year: Cork Division Rubber Division Sales $ 600,000 350,000 Variable costs 250,000 220,000...

Answered: 1 week ago

Question

★★★★★
Exercise 26-17 (Algo) NPV and IRR for strategic investment LO P3, P4 OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $6.0 million,...

Answered: 1 week ago

Question

★★★★★
Assume the US enacted tax rate is 30%, and a non-US subsidiary\'s local enacted rate is 25%. If the non-US subsidiary\'s outside basis for book exceeds outside basis for tax, at what total rate will...

Answered: 1 week ago

Question

★★★★★
Canada Sweden Real rate of interest required by investors 2% 2% Nominal interest rate 7% 4.5% Spot rate Swedish Krona SEK/CAD $0.1323 Use the differential in expected inflation to forecast the new...

Answered: 1 week ago

Question

★★★★★
In regards to productivity through the use of determining the number of units produced during each work hour by employees. How does this produce an accurate representation of each individual employee...

Answered: 1 week ago

Question

★★★★★
Q2 A large all-equity pension fund company with AUM of $500Billion that is closely following S&P 500 index is facing a possibility of new regulatory changes in its management of market risk. The new...

Answered: 1 week ago

Question

★★★★★
Locate a competitor for Mars. a. Identify ERM processes used by the organization that are the same or different from those used by Mars. b. Select two ERM processes used by the competitor that you...

Answered: 1 week ago

Question

★★★★★
4 In what ways does technology (old and new) impact on organisation structure and design?

Answered: 1 week ago

Question

★★★★★
3 What are the six types of organisational structure according to Mintzberg?

Answered: 1 week ago

Question

★★★★★
5 What does it mean to think of an organisation as an open system?

Answered: 1 week ago

Previous Question Next Question