The following information was extracted from annual reports of 3M (dollars in millions): Compute the missinginformation. 2012
Question:
Compute the missinginformation.
Transcribed Image Text:
2012 2011 Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold 2010 ? 2,639 14,347 16,986 16,106 3,416 $15,685 $15,693 $13,831
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
123110 Ending inventory Cost of Goods Sold Goods available for sale Ending Inventor...View the full answer
Answered By
Shameen Tahir
The following are details of my Areas of Effectiveness. The following are details of my Areas of Effectiveness English Language Proficiency, Organization Behavior , consumer Behavior and Marketing, Communication, Applied Statistics, Research Methods , Cognitive & Affective Processes, Cognitive & Affective Processes, Data Analysis in Research, Human Resources Management ,Research Project,
Social Psychology, Personality Psychology, Introduction to Applied Areas of Psychology,
Behavioral Neurosdence , Historical and Contemporary Issues in Psychology, Measurement in Psychology, experimental Psychology,
Business Ethics Business Ethics An introduction to business studies Organization & Management Legal Environment of Business Information Systems in Organizations Operations Management Global Business Policies Industrial Organization Business Strategy Information Management and Technology Company Structure and Organizational Management Accounting & Auditing Financial Accounting Managerial Accounting Accounting for strategy implementation Financial accounting Introduction to bookkeeping and accounting Marketing Marketing Management Professional Development Strategies Business Communications Business planning Commerce & Technology Human resource management General Management Conflict management Leadership Organizational Leadership Supply Chain Management Law Corporate Strategy Creative Writing Analytical Reading & Writing Other Expertise Risk Management Entrepreneurship Management science Organizational behavior Project management Financial Analysis, Research & Companies Valuation And any kind of Excel Queries.
4.70+
16+ Reviews
34+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The following information was extracted from quarterly reports for Walmart Stores, Inc. (amounts in millions): The following information was extracted from the notes to the financial statements in...
-
The following information was extracted from the December 31, 2017, balance sheets of four different companies: There were no transactions in equity securities during 2018, and as of December 31,...
-
The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions): The following information was extracted from the notes to the financial statements in the...
-
Given the observed yields below, what is the 1-year forward rate, 4 years from now? [Hint: This is the 1-year return that will take you from the 4-year average annualized return (yield) to the 5-year...
-
In early UNIX systems, executable files (a.out files) began with a very specific magic number, not one chosen at random. These files began with a header, followed by the text and data segments. Why...
-
A stressed spring moves with harmonic motion of period \(T\). Its elongation at time \(t_{1}=T / 8\) \(\mathrm{s}\) is equal to \(x_{1}=2 \mathrm{~cm}\), and its velocity and acceleration are equal...
-
Consider the statistical model defined by Equation (5.1) and suppose $H_{0}: \tau_{1}=\cdots=\tau_{k}=0$ is true. Show that the following are true. a. $S S_{\text {Treat }} / \sigma^{2} \sim...
-
The balance sheet of Terrier Company at the end of 2009 is presented here, along with certain other information for 2010: December 31, 2009 Cash ................ $ 140,000 Accounts receivable...
-
Sage Inc. experienced the following transactions for Year 1, its first year of operations: 1. Issued common stock for $80,000 cash. 2. Purchased $180,000 of merchandise on account. 3. Sold...
-
The Fashion Rack has a monthly accounting period. All transactions are recorded in a general journal. Postings are made from the general journal to the accounts receivable ledger, accounts payable...
-
The following information was taken from the footnotes in the 2012 annual report of Johnson & Johnson: a. From information in the footnote alone, indicate whether Johnson & Johnson is a retailer,...
-
The Finish Line Inc. reported the following items in its fiscal 2012 financial report (dollars in millions): Assume that counting errors caused the ending inventory in 2011 to be understated by $50...
-
For Exercises assume that the variables are normally or approximately normally distributed. Use the traditional method of hypothesis testing unless otherwise specified. Healthier diets generally...
-
State the important matters, the central statutory auditor looks into, while conducting audit at the head office level.
-
What is piecemeal report?
-
How does government audit differ from commercial audit? Describe the broad objectives of government audit.
-
(a) What is meant by auditors report? (b) Discuss the characteristics of a good audit report. (c) What is the value of auditors report?
-
State, in brief, the contents of an audit report of a bank.
-
Use ideas from this chapter to explain this famous remark attributed to Rudolf Clausius (1865): Die Energie der Welt ist konstant; die Entropie der Welt strebt einem Maximum zu. (The energy of the...
-
A woman at a point A on the shore of a circular lake with radius 2 mi wants to arrive at the point C diametrically opposite on the other side of the lake in the shortest possible A time. She can walk...
-
A definition for the instantaneous frequency was given in Eq. (2.49). A more general definition is \(f_{i}(t)=\frac{1}{2 \pi} \operatorname{Im}\left\{\frac{d}{d t} \ln \psi(t)ight\}\) where...
-
Tom Brown, controller of Microbiology Labs, informs you that the company has sold a segment of its business. Mr. Brown also provides you with the following information for 2012: The following...
-
Over a two-year period Sears reported an 83 percent earnings drop: Net income of $309 million on sales of $10 billion dropped to net income of $53 million on sales of $8.8 billion. It so happened,...
-
Group Dance, a French-based food processor that publishes IFRs-based financial statements, reported 2008 net income of 1.5 billion euros. Accumulated currency translation adjustments and net holding...
-
Cases that raise substantial amount of interest in the use of "advanced directives" which allow individuals to put in writing their wishes regarding incapacitation or authorizing a proxy to make...
-
You are a college senior, interning at a company that is about to celebrate its first anniversary in business and is throwing a big party for its employees, customers and suppliers. It will need 10...
-
A marketing firm is hiring 3 new employees. Their job duties entail developing new marketing plans and to appear at certain promotional events. After all the candidates are interviewed, the marketing...
Study smarter with the SolutionInn App