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Llana [10]
2 years ago
7

As a result of a thorough physical inventory, Railway Company determined that it had inventory worth $180,000 at December 31. Th

is count did not take into consideration the following facts: Rogers Consignment store currently has goods worth $35,000 on its sales floor that belong to Railway but are being sold on consignment by Rogers. The selling price of these goods is $50,000. Railway purchased $13,000 of goods that were shipped on December 27, FOB destination, that will be received by Railway on January 3. Determine the correct amount of inventory that Railway should report. A :
Business
1 answer:
fgiga [73]2 years ago
7 0

Answer:

The answer is: $215,000

Explanation:

Railway Company should include the goods worth $35,000 that Rogers Consignment store has. Once this amount is included, the total inventory for Railway Company should be $215,000 ($180,000 + $35,000).

Merchandise purchased and shipped as FOB destination, belongs to the seller until it has been properly delivered to the buyer. It will increase the inventory once it arrives on January 3.

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3 0
3 years ago
Read 2 more answers
CCP is an acronym for<br> and
alexandr402 [8]

Answer:

CUBIC CLOSE PACKING

Explanation:

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8 0
3 years ago
The pizza industry is perfectly competitive and has​ 1,000 firms.All firms are identical.In​ long-run equilibrium, each firm is​
const2013 [10]

Answer:

A) making zero economic profit

Explanation:

A perfectly competitive industry is where there are many firms producing homogenous goods and services. There are no barriers to entry or exit of firms. Prices are set by market forces. Buyers and sellers are price takers.

In the short run, if firms in a perfectly competitive market are earning economic profits, in the long run, new firms enter into the industry and economic profit falls to zero.

In the short run, if firms in a perfectly competitive market are earning economic loss, in the long run, firms leave the industry and economic profit goes up to zero.

I hope my answer helps you

3 0
3 years ago
The firm will produce output in the short run only if the market price is at least equal to__________.
Alex777 [14]

The firm will produce output in the short run only if the market price is at least equal to the <u>average cost</u>.

In both the short run and the long run, rate equals marginal revenue. The firm must increase output so long as marginal sales exceed marginal fee, and reduce output if marginal sales is much less than marginal fee. earnings are maximized while marginal sales equal marginal fee.

Short-run price is determined by means of short-run equilibrium among call for and supply. deliver curve in the brief run under perfect opposition is a lateral summation of the quick-run marginal value curves of the company.

Learn more about Short-run price here: brainly.com/question/14537411

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4 0
9 months ago
For example, the lower, left cell shows that if Flashfone prices low and Pictech prices high, Flashfone will earn a profit of $1
Elena-2011 [213]

Answer:

Both Flashfone and Pictech will choose a low price.

a.True

Explanation:

By both of them lowering their prices, they can both earn more, but they damage the market, because Pictech will be lowering their prices, thus Flashfone will start to sell less, so the total revenue of the market wil be lowered, but the earnings og Pictech will go up, instead of eing 17 million between both it will decrease, in the normal both will choose a low price to maximize their sells and profits.

6 0
2 years ago
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