If on-hand stock is 3500 units, there are backorders for 4000 units, there are 1000 units in

Fantastic news! We've Found the answer you've been seeking!

Question:

If on-hand stock is 3500 units, there are backorders for 4000 units, there are 1000 units in the pipeline, and purchasing has 5000 units on order, what is the net inventory amount?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

See More Books

Posted Date: Mar 05, 2024 12:22 AM

See More Questions

The diagram illustrates the demand curve, isoprofit curves and the marginal cost curve of MQ2020, a luxury car manufactured by MQ Motors. Assume that MQ Motors currently chooses to operate at Point...
Chromalox Instruments and Controls, located in LaVergne, Tennessee, is a manufacturer of industrial process controllers, monitors, and industrial and military control panels. Chromalox products are...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Given the graph of a degree 5 polynomial below, complete the table of values for either the x-value of a zero, or the multiplicity of the zero. Write roots in order from least to greatest. Root with...
On January 1, 2017, Bill Inc. leases manufacturing equipment from Beatrix Corporation. The lease covers seven years and requires annual lease payments of $51,000, beginning on January 1, 2017. The...
Managers of the Hanover Manufacturing Company believe the demand curve for its product is P = 5 - Q Where P is the price of its product (in dollars) and Q is the number of millions of units of its...
Describe the six categories of early warning signs of potential fraud.
Sticky Polymers Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 10,750 units of...
2. Consider the variation of hot-potato routing/coordination routing game discussed in class, where there are three strategies: Payoff Hot Potato Long Path Planned Long-Path | Planned Hot Potato...
Online electronic consolidation of statute changes have made printed statute books obsolete. True False
Jennifer and Brad were engaged to be married. They entered into an ante-nuptial agreement pursuant to which they both surrendered any rights to alimony or a property settlement upon divorce. Pursuant...
A colorblind man and his wife have four children, 2 boys and 2 girls. One of the boys is colorblind and so is one of the girls. What is the genotype of the mother? What are the genotypes of each of...
Write a procedure for Wamco payroll confidentiality and secure storage You are a payroll officer for Wamco. Often family members and other external parties ring you up or email you and want to check...
Few athletes were used as endorsers in the 1960s, but that changed dramatically in the 1980s ,name industry began using athletes to endorse their products?
A city issues ten-year, $10,000,000 bonds at face value on January 1, 2023, to finance construction of a new school. Calculate the impact of this issuance on the total fund balance in the fund...
On March 15, 2013, Martin Stevens formed a business to rent and service vacuum cleaning machines for domestic helping providers. He operates the business as a sole proprietorship from his home,...
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the...
Many accountants and financial analysts contend that a company should report financial data for operating segments of the enterprise. Required 1. Explain what financial reporting for the operating...
How does a company account for the adoption of a new accounting principle for future events?
Short-Term Debt Expected to Be Refinanced On December 31, 2007 Excello Electric Company had $1 million of short-term notes payable due February 7, 2008. Excello expected to refinance these notes on a...
Suppose that in September 2013 a company takes a long position in a contract on May 2014 crude oil futures. It closes out its position in March 2014. The futures price (per barrel) is $$88.30$ when...
Explain how the control variate technique is implemented.
A company wishes to hedge its exposure to a new fuel whose price changes have a 0.6 correlation with gasoline futures price changes. The company will lose $1 million for each 1 cent increase in the...

If on-hand stock is 3500 units, there are backorders for 4000 units, there are 1000 units in

Question:

Expert Answer:

To calculate the net inventory amount we need to subtract the quantity of backorders and the quanti... View the full answer

Intermediate Accounting

Students also viewed these accounting questions