Question
In: Accounting
Compute the Missing Inventory Values. The following information was disclosed in the 2012 annual report of...
Compute the Missing Inventory Values.
The following information was disclosed in the 2012 annual report
of The Arcadia Company.
Fill in the missing values.
| 2012 | 2011 | 2010 | |
|---|---|---|---|
| Beginning inventory | $Answer | $Answer | $12,760 |
| Purchase of inventory | 46,850 | Answer | 42,940 |
| Inventory available for sale | Answer | Answer | 55,700 |
| Ending inventory | Answer | 11,855 | Answer |
| Cost of goods sold | 13,600 | 42,480 | 43,715 |
Solutions
Expert Solution
| 2012 | 2011 | 2010 | |
| Beginning Inventory | $ 11,855 | $ 11,985 | $ 12,760 |
| Purchase of Inventory | $ 46,850 | $ 42,350 | $ 42,940 |
| Inventory Available for Sale | $ 58,705 | $ 54,335 | $ 55,700 |
| Ending Inventory | $ 45,105 | $ 11,855 | $ 11,985 |
| Cost of Goods sold | $ 13,600 | $ 42,480 | $ 43,715 |
| Cost of Goods sold = Beginning Inventory + Purchase of Inventory - Ending Inventory | |||
ekkarill92 answered 1 year agoRelated Solutions
Refer to Eli Lilly’s 2012 annual report to answer the following questions. The 2012 annual report...
Refer to Eli Lilly’s 2012 annual report to answer the following
questions. The 2012 annual report of Eli Lilly & Company can be
found here:
http://www.sec.gov/Archives/edgar/data/59478/000005947813000007/lly-20121231x10k.htm
How much of the 2012 accounts receivable balance does
the company expect to collect?
What is the percentage of “other receivables” to total
current assets at the end of 2012? Round to the nearest whole
percentage.
What is included in the “other receivables”
balance?
The company disclosed the following lease information in its 2018 annual report related to its leasing...
The company disclosed the following lease information in its
2018 annual report related to its leasing activities (in
millions).
Capital leases
Operating leases
2019
$307
$2,471
2020
286
2,302
2021
262
1,202
2022
251
980
2023
116
830
After 2023
703
9,130
Total
$1,925
$16,915
Amount representing interest
(754)
Present value of net minimum lease payments
$1,171
What effect does the failure to capitalize operating leases have
on the company’s balance sheet? Over the life of the lease, what
effect...
Scenario 2: Bates Corp 2018 annual report disclosed the following pension information: Benefit obligations and fair...
Scenario 2:
Bates Corp 2018 annual report
disclosed the following pension information:
Benefit obligations and fair values
of plan assets as of December 31, 2018, for Bates’ pension and
postretirement plans are as follows:
In millions
Benefit
Obligation
Fair Value of
Plan Assets
U.S. pension
$13,683
$10,312
U.S. postretirement
280
–
Non-U.S. pension
219
153
Non-U.S. postretirement
23
–
What conclusions can you draw about
the funded status of the company's pension plans and post
employment obligation? Is this a...
For each of the following loan options (a & b) compute the following values: - annual...
For each of the following loan options (a & b) compute the
following values:
- annual loan payment
- proportion of principle and interest in the first annual
payment
- total interest paid over the entire time line of the loan
-total principal paid over the entire time line of the loan
a. You have decided to purchase a capital asset using an 850,000
at a rate of 8% for 25 years.
b. You have decided to purchase a capital...
For each of the following loan options (a & b) compute the following values: ? annual...
For each of the following loan options (a & b) compute the
following values:
? annual loan payment
? proportion of principle and interest in the first annual
payment
? total interest paid over the entire time line of the loan
? total principal paid over the entire time line of the loan
a. You have decided to purchase a capital asset using an 850,000
at a rate of 8% for 25 years.
b. You have decided to purchase a...
For each of the following independent cases (1–4), compute the missing values. (Enter all amounts as...
For each of the following independent cases (1–4), compute the
missing values. (Enter all amounts as positive values.)
Case 1
Case 2
Case 3
Case 4
Beginning raw materials
$5,400
$23,000
$106,000
Raw
material purchases
54,000
11,850
42,640
Indirect
materials issued
600
1,100
1,400
2,800
Ending
raw materials
1,200
4,150
93,700
Direct
materials used
13,900
33,520
Direct
labor
32,000
122,350
Manufacturing overhead
54,000
40,250
30,080
541,730
Total
current manufacturing costs
75,600
94,600
Beginning
work in process
48,000
36,600
101,820
Ending...
The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in...
The annual report for Sneer Corporation disclosed that the
company declared and paid preferred dividends in the amount of
$160,000 in the current year. It also declared and paid dividends
on common stock in the amount of $2.60 per share. During the
current year, Sneer had 1 million common shares authorized; 360,000
shares had been issued; and 154,000 shares were in treasury stock.
The opening balance in Retained Earnings was $860,000 and Net
Income for the current year was $360,000....
The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in...
The annual report for Sneer Corporation disclosed that the
company declared and paid preferred dividends in the amount of
$190,000 in the current year. It also declared and paid dividends
on common stock in the amount of $2.90 per share. During the
current year, Sneer had 1 million common shares authorized; 390,000
shares had been issued; and 181,000 shares were in treasury stock.
The opening balance in Retained Earnings was $890,000 and Net
Income for the current year was $390,000....
The annual report for Sneer Corporation disclosed that the company declared and paid preferred dividends in...
The annual report for Sneer Corporation disclosed that the
company declared and paid preferred dividends in the amount of
$200,000 in the current year. It also declared and paid dividends
on common stock in the amount of $3.00 per share. During the
current year, Sneer had 1 million common shares authorized; 400,000
shares had been issued, and 190,000 shares were in treasury stock.
The opening balance in Retained Earnings was $900,000 and Net
Income for the current year was $400,000....
The Oakland Mills Company has disclosed the following financial information in its annual reports for the...
The Oakland Mills Company has disclosed the following financial
information in its annual reports for the period ending March 31,
2013: sales of $1,426,000, costs of goods sold of $815,000,
depreciation expenses of $175,000, and interest expenses of
$89,575. Assume that the firm has a tax rate of 35 percent. Compute
the cash flows to investors from operating activity. (Round answer
to 2 decimal places, e.g. 15.25.) Cash flow from operating activity
$
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- What do you believe happens during the final scene of the story between the brothers at....
- A 5.171 g sample of a solid, weak, monoprotic acid is used to make a 100.0...
- 1. Creep is one of deformation that occurred in concrete structure. Give one example that can...
- Why does a particular codon represent only one specific amino acid?
- Write a function template sort that takes two references to generic objects and switches them if...
- What 2 things happen to the melting point of a solid when an impurity is present?
- How Can Hominin Evolution be characterized as " mosaic evolution" Use examples of species from the...
ADVERTISEMENT