How much was the cost of each briefcase?

Q: What is freight in on purchases?

A: Purchases are the transaction where in the buyer purchases goods and services from a seller by…

Q: What is meant by the term time value of money?

A: Time value of money is a concept that says amount today will have more value than amount in future…

Q: How does the time value of money affect you personally and professionally.

A: The time value of money is a financial concept that suggests that a certain amount of money today is…

Q: What Is The Lean Perspective on Inventory?

A: Lean perspective on inventory is an approach which helps the organization to reduce the wastage an…

Q: Why does the time value of money component arise?

A: Time value of money: The value of amount on hand today is more value than the value of amount…

Q: What are the trade bills?

A: Trade bills are also called Trade Acceptance / Accepted draft

Q: what is price stability? How does price stability affect business and household?

A: Price stability is when the economy is shifting little or no over a particular time period. This…

Q: How do the costs of doing business affect prices?

A: The cost of producing a product or service that a company sells is usually referred to as the cost.…

Q: st of googs sold and intrest expens

A: The cost of goods sold can be calculated by using the inventory turnover ratio. Inventory turnover…

Q: write three benefits of the knowledge of the time value of money?

A: Time value of money refers to the worth of a money received today is different from a worth of a…

Q: What is the annual profit?

A: The cost-volume profit analysis deals with the cost of the product and the profit generated with the…

Q: Cost of Money is influenced by different factors”. What are those? How the cost of money is…

A: The cost of money or cost of capital is the minimum return a project has to generate for being…

Q: What are the best ways to budget personal finances?

A: Personal finances refer to the management of an individual's money, including income, expenses,…

Q: What is home currency?

A: Home currency is a currency that is functional in the country in which business is situated. For…

Q: What are the three types of investment flows associated with buying apiece of equipment?

A: Investing Activities: It denotes to the actions carried out by a corporation for attainment of…

Q: Why is it difficult to assign a dollar figure to an intangible cost? Can it ever be done? Explain…

A:

Q: What is a purchase return? How does a purchase allowance differ from a purchase return?

A: Purchase return: Purchase return refers to return of merchandise or goods purchased by customers to…

Q: How did you come up the number for Income before income tax, why did you subtract the quipment cost.

A: Income before tax=Tax expenseTax rate-Depreciation expense

Q: how do you get sales revenue?

A: Required  How do you get sales revenue?

Q: What are the pitfalls of franchising?

A: Franchising is a licensing that one party takes from the business owner. It allow that party to…

Q: How much is paid for supplies?

A:

Q: What should be done to find the equivalent present worth of the actual dollar amount?

A: Present value is the concept of discounting future value to bring it to today’s worth.

Q: What is a budget?

A:

Q: What are taxes?

A:

Q: How does time affect the value of money?

A: Time value of money: Time value of money refers to the concept that the value of money available at…

Q: What is the margin of safety in dollars? What is the margin of safety percentage?

A: Margin of Safety: The break-even point reflects the level of sales volume where no profit or loss is…

Q: What are sundry expenses?

A: Sometimes in business operation, a small number of various expenses are incurred and for each such…

Q: What is the difference between the production cost of a textbook and the retail cost of textbook?

A: Cost refers to the expense made by the firm for the product purchase or retail of the product.

Q: What is the difference between cash expenses and non cash expenses?

A: Rent expense, salary expenses, insurance expense, depreciation expense, amortization expense, and…

Q: what is the cost of goods available for sale

A: The cost of goods available for sale is the sum of beginning inventory and the goods produced during…

Q: pletable amount by the estimated life in terms of units of output?

A: Depletable amount refers to the amount left after salvage value from the total cost of an intangible…

Q: Then, how about the fixed cost and the shipping cost?

A: Special Order: A non-routine or one-time sales order that falls beyond the typical parameters of a…

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.