ACC 290 Week 4 Discussion Questions: What is the actual purchase price of goods?

ACC 290 Week 4 Discussion Questions: What is the actual purchase price of goods?

  1. What is the actual purchase price of goods?
  2. What is the difference between gross sales and net sales?
  3. With constant price changes in the economy, how does management assign a value to its inventory?

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Week 4 Learning Team Collaborative Discussion: Comparative Analysis Problem: Amazon.com, Inc. vs. Wal-Mart Stores, Inc.

  1. Discuss with your collaborative group how to complete a Comparative Analysis Problem: Amazon.com, Inc. vs. Wal-Mart Stores. Write a 175-word individual response.
  1. Why are consigned goods not included in the physical inventory counts but goods that are not physically present are included in the physical inventory count?
  2. Which method of inventory valuation (FIFO, LIFO or Weighted Average) is the hardest to use to manipulate income?  Why?  Which is the easiest and why?

Course: ACC290 Principles of Accounting I
School: University of Phoenix

  • : 18/11/2017
  • : 40