Answer:
a) Valuation of Ending Inventory
The total cost of consignment = $28980
Cost of Freezers= 60 freezers *$470= $28200
Shipment Costs $ 780
Per unit Cost of Consignment= $28980 / 60= $ 483
The inventory value of the units unsold in the hands of the consignee
= (60 units - 30 units )* 483= $ 14490
b) Profit for the Consignor
Sales 30 units at $800 $24000
<u>CGS 30 units at 483 14490
</u>
<u>Gross Profit 9510
</u>
Less
Advertising $200
Total installation costs $350
<u>Commision 6% of 24000= $ 1440 1990
</u>
<u>Net Profit $7520
</u>
<u />
<u>c) Remittance was made of $7520
</u>
Answer:
I was a later line of followers, and the leader didn't really regard me. However, the moment was a great success.
Explanation:
Answer: Option A
Explanation: In simple words the management of flow of good or services is called supply chain management. It is the chain of processes transforming raw materials into final product and then distributing to customers.
a. In a supply chain management every step is dependent on one other thus one weak link will adversely effect every other step.
b. Distribution of final product to customer is the last step.
c. Effective supply chain management can improve the operations of firm altogether.
d. An effective supply chain management can result in reduction of waste and less use in energy etc., thus, reducing carbon footprints.
Therefore, option a is correct.
Answer:
The adjusting entry is shown below.
Explanation:
According to the scenario, the given data are as follows:
Estimated depreciation for year = $4,300
So, the adjusting entry for depreciation is shown below:
Adjusting Entry
Dec.31
Depreciation expense A/c Dr. $4,300
To Accumulated Depreciation-Equipment A/c $4,300
(Being the Depreciation expense is recorded)