Business
Business, 08.04.2021 23:10, bubbaforbes2005

On July 10, 2021, Johnson Corporation signed a purchase commitment to purchase inventory for $220,000 on or before February 15, 2022. The company's fiscal year-end is December 31. The contract was exercised on February 1, 2022, and the inventory was purchased for cash at the contract price. On the purchase date of February 1, the market price of the inventory was $232,000. The market price of the inventory on December 31, 2021, was $193,000. The company uses a perpetual inventory system. How much loss on purchase commitment will Johnson recognize in 2021

answer
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 03:00, nyahdrake
You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:
Answers: 1
image
Business, 22.06.2019 16:40, kat1191
Job applications give employers uniform information for all employees, making it easier to
Answers: 1
image
Business, 23.06.2019 00:30, kia9174
Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.
Answers: 2
image
Business, 23.06.2019 02:00, havenlynn27
In 1948, the president of the united states earned a salary of $75,000. in 2000, the president earned a salary of $400,000. knowing that the cpi for 1948 is 24.1 and the cpi for 2000 is 172.2, convert the 1948 salary to constant 2000 dollars. when comparing constant dollar amounts, whose salary was worth more--harry truman, president in 1948, or bill clinton, president in 2000
Answers: 3
Do you know the correct answer?
On July 10, 2021, Johnson Corporation signed a purchase commitment to purchase inventory for $220,00...

Questions in other subjects:

Konu
Computers and Technology, 06.12.2019 16:31
Konu
History, 06.12.2019 16:31