Th e carrying value of inventories refl ects: B . their current value.

Q: How to calculate inventories

A: Inventories are the assets for the business in which the company is dealing for earning the income…

Q: Réquired: 1. Compute cost of goods available for sale and the number of units available for sale.

A: Inventory: Inventory means to stock it may be raw materials, work-in-process or finished goods Goods…

Q: How do I compute for the Started,completed, and transferred-out in Weighted Average EUP?

A: Started units are units at total number of units at the start of the process. Completed and…

Q: perpetual inventory

A: Perpetual inventory system is an inventory tracking system in which sales and purchases are recorded…

Q: Required: a. Compute the current ratio b. Quick ratio d. Asset turnover e. Average collection period…

A: Ratio analysis, the foundation of fundamental analysis, helps to gain a deeper insight into the…

Q: "E" in EBT abbreviation means Select one: a. equity b. gross profit

A: SOLUTION- Operational profit, also known as operating profit or operating income, is a company's…

Q: What happen when the inventories increasing or deacresing

A: Inventories form a part of assets of the entity and comprises of stock of raw material, work in…

Q: (c) Return on Total Assets

A: Return on total assets measures how well the company uses its fixed assets efficiently so that its…

Q: What are the valuing inventories?

A: Cost:   It is the economic value incurred by an organization to manufacture a product or to render a…

Q: е. Compute the rent income. f. Compute the gain on sale of equipment. g. Compute the expenses

A: As per the norms of Bartleby, in case of multiple parts been asked for a single question, only…

Q: Th e carrying value of inventories refl ects: C . the lower of historical cost or net realizable…

A: In accordance to International Accounting Standard (IAS) 2 issued by the antecedent International…

Q: Options I have for denominator are - average accounts receivable, net average total assets cost…

A: The profit margin ratio can be calculated by dividing profit by net sales. It indicates the…

Q: What is the adjusted inventory?

A: Calculation of Adjusted Value of Inventory Particulars Amount Unadjusted Inventory Balance…

Q: 7. Discuss the difference between production items, expense items, and capital items.

A: In order to understand the difference between the three we need to understand the nature of these…

Q: ests of interested pa e amounts in the ev formation and othe goods and services

A: The term entrepreneurship refers to starting a business by taking all the risks on the own in the…

Q: In accordance with IAS 2 Inventories define the terms "inventories" and "net realisable value”.…

A: Inventories as the name states is one the asset to the company or any business which comes under the…

Q: e total current assets of

A: Current assets are the part of assets of a business entity which are recoverable within one…

Q: Define return on total assets.

A: Financial Ratios:   Financial ratios are the metrics used to evaluate the liquidity, capabilities,…

Q: Define each of the following terms:e. Inventory conversion period; average collection period;…

A: Inventory conversion period The time between the day when the materials are purchased and the day…

Q: a. Total gross sales b. Total gross purchase c. Interest Income

A: As per our protocol we provide solution to the first three sub-parts only but you have asked…

Q: AASB 102 Inventories specifies that the measurement rule for inventories is: higher of initial cost…

A: The given questions are answered as per AASB 102 Inventories {Australian Accounting Standard Board}

Q: Define Asset turnover ratio.

A: Definition:   Asset turnover: This ratio analyzes the number of times sales or revenue generated…

Q: schedule of COGS, Net purchase, and Net sale

A:

Q: Net Income (Loss)? Curren Assete2

A: [Since you have posted a multi-part question, we will solve the first three parts for you. For the…

Q: Explain return on total assets (ROA)

A: Those resources that are owned by the company and have economic value is term as the assets. The…

Q: Why are inventories valued at the lower-of-cost-or-netrealizable value (LCNRV)? What are the…

A:

Q: Why should inventories be included in (a) a statement offinancial position and (b) the computation…

A:

Q: Return on Total Assets

A: Return on Investment: Return on Investment is a measure of how well the company is performing using…

Q: When is it necessary to estimate inventories?

A: Inventories are resources which are held to be sold in the market. Inventories can be in the form of…

Q: amount of profit

A: Total Fixed cost = OMR 40000 Selling price per unit = OMR 20 Total Sales = OMR 120000 Number of…

Q: 9. Write-downs of inventories to their net realizable value are recognized a. in profit or loss b.…

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: Choose Current ratio Asset turnover ratio Inventory turnover ratio Receivables turnover ratio

A: Liquidity ratios: Liquidity ratios measure the short-term capacity of a company to pay its maturing…

Q: Which of the following is a solvency ratio?   a. Times interest earned. b. Inventory turnover ratio.…

A: The correct option is (A) Times Interest Earned   Explanation: This ratio is the measure of a…

Q: How do you decide the liquidity order (what asset come before the other...expenses vs prepaid vs…

A: Classified balance sheet: The main elements of balance sheet assets, liabilities, and stockholders’…

Q: Example of the cost center responsiblity is O 1. Investing in long term assets O2. Purchasing of…

A: Investing in long-term assets is not the cost for the company and the purchasing of the inventory is…

Q: Which item is assumed to be 100 in case of common size balance sheet?

A: Common size financial statements:These are the financial statements in which all the items are…

Q: What are (a) pass-through expenses, (b) recoverable expenses, and (c) common area expenses? Give…

A: a) Pass through expense: This is an expense which the customer pays directly to a third party or…

Q: Liabilities* return on assets current ratio asset turnover AR turnover

A: The ratio analysis helps to analyse the financial statements of the business.

Q: Determine the following: (a) the net realizable value for each item, and (b) the carrying value of…

A: Inventory valuation under IFRS: Under IFRS the inventory is value can be calculated using any…

Q: Cost of goods sold and gross profit and net profit

A: Trading and profit and loss account            Trading account shows sales and expenses incurred in…

Q: 12. Costs that are treated as assets until the product is sold are called: a. product costs b.…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: What is meant by liquidity? Rank the following assets from one to five in order of liquidity.…

A: Liquidity is the time period within which an asset can be converted into Cash or a Liability is…

Q: Which of the following is an asset management ratio?     a) Times interest earned   b) Leverage…

A: Asset management ratios are those ratios which are used for analysing the efficiency of assets of…

Q: How is the LIFO method used to calculate inventories? Is this permissible according to GAAP?

A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…

Q: Describe the assumptions of inventory cash flows.

A: The inventory cost flow assumption states that the cost of an inventory item changes from when it is…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.