How is inventory calculated?
When inventory is calculated we simply put together the amount of inventory on hand at the beginning of theperiod, called initial inventory, and the amount of net purchases during the period. （3分）Then at the end of theperiod we take count of the inventory on hand to obtain the amount of ending inventory. Ending inventory appears on the balance sheet as an asset.（2分）
举一反三
- Inventory turnover can be<br/>calculated by: () A: adding beginning and ending<br/>inventory; divide by two B: dividing the cost of goods<br/>sold by average inventory C: dividing average inventory<br/>by the cost of goods sold D: multiplying average<br/>inventory by 1.5
- Gross profit for 20X3 can be calculated from: A: Purchases for 20X3, plus inventory at 31 December 20X3, less inventory at 1 January 20X3 B: Purchases for 20X3, less inventory at 31 December 20X3, plus inventory at 1 January 20X3 C: Cost of goods sold during 20X3, plus sales during 20X3 D: Net profit for 20X3, plus expenses for 20X3
- Eleanor Barker Cosmetics ended the month of May with inventory of $25,000. Eleanor Barker expects to end June with inventory of $12,000 after cost of goods sold of $102,000. How much inventory must Eleanor Barker purchase during June in order to accomplish these results?
- Which of the following is the correct formula for cost of sales? A: Opening inventory – purchases + closing inventory B: Purchases – closing inventory + sales C: Opening inventory + closing inventory – purchases D: Opening inventory – closing inventory + purchases
- The echelon inventory at the distributor is equalto the inventory at the distributor, plus the inventory in transit to and in stock at theretailer.
内容
- 0
The inventory turnover ratio: A: Is used to analyze profitability. B: Is used to measure solvency. C: Reveals how many times a company turns over (sells) its merchandise inventory. D: Validates the acid-test ratio. E: Calculation depends on the company's inventory valuation method.
- 1
When he heard how well the new company was doing, he took a calculated （）and invested all his money in it. A: risk B: opportunity C: danger D: venture
- 2
a calculated risk
- 3
Standard deviation is calculated in the same units as the original measurements, while variance is calculated in units squared.
- 4
When he heard how well the new company was doing, he took a calculated ______ and invested all his money in it. A: risk B: B. opportunity C: C. danger D: venture