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Llana [10]
3 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]3 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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Financial assets are priced via the balance of _____ and _____. question 56 options: assets and liabilities supply and demand do
umka21 [38]

Financial assets are priced via the balance of supply and demand.

<h3>What do the terms supply and demand mean?</h3>
  • Supply and demand is an economic theory that describes how prices are set in a market in microeconomics.
  • In a competitive market, it is hypothesized that all else being equal, the unit price for a specific good or other traded goods, such as labor or liquid financial assets, will fluctuate until it settles at a stage where the quantity demanded (at the current price) will equivalent the quantity supplied (at the current price), resulting in an economical equilibrium for price and quantity transacted.
  • It is the theoretical cornerstone of contemporary economics.

To learn more about supply and demand, refer to the following link:

brainly.com/question/1222851

#SPJ4

4 0
2 years ago
Use the following data to compute total manufacturing costs for the month: Sales commissions $ 10,800 Direct labor 39,600 Indire
soldi70 [24.7K]

Answer:

$125,300

Explanation:

The computation of the total manufacturing cost is shown below:

Total manufacturing cost = Direct material cost + direct labor cost +  Indirect materials + Factory manager salaries + Factory supplies + Indirect labor + Depreciation on factory equipment

= $40,500 + $39,600 + $15,200 + $7,200 + $9,000 + $6,300 + $7,500

= $125,300

6 0
4 years ago
One of the technical evaluators on a multi-million dollar source selection just told you that her husband was just offered a job
ratelena [41]

Answer:

The correct administrative remedy against such a contractor is to have them suspended.

Explanation:

The role of a technical evaluator is sensitive as it means that he or she would be privy to almost if not all information that has to do with the contract.

In the information provided, the technical evaluator's husband was offered a job at a company competing or bidding for a multi-million dollar contract she was also evaluating.

Their husband didn't ask for the job. They offered it so that they might gain information to their advantage.

The action of this contractor can be classified as fraudulent. One of the administrative actions that can be taken against such is to have them suspended with a threat to have their license permanently revoked if they should make a similar attempt again.

Cheers

3 0
3 years ago
2. In order to expedite basic performance improvement team functioning, the team should: A. Establish ground rules. B. Perform f
olya-2409 [2.1K]

Answer:

2-  A. Establish ground rules

3-  D. Top management’s requirements.

Explanation:

2- An effective team is a well-integrated team, where the flow of information occurs effectively and where each member feels equally respected and an important part of the team, being able to contribute with ideas and feedback.

Therefore, for there to be cohesion and improvement of the team's performance, it is necessary to establish basic rules, to guide the behavior and actions of members and for there to be equality among all, in order to avoid conflicts and organize work.

3- to guide the process of the performance improvement team, the most important alternative is the requirements of senior management.

It is the managers who will coordinate, monitor and guide the action plans and develop the fundamental requirements for the execution of the business actions that will lead to the fulfillment of the objectives and goals.

8 0
3 years ago
In a small manufacturing facility, one welder is needed for every 200 hours of machine-hours or fewer in a month. The welder is
Alisiya [41]

Answer:

C. $17,500

Explanation:

1,300 / 200 = 6.5

we are going to hire between 6 and 7 welder as we are given the requirement <u>"for every 200 hours or fewer in a month"</u> we should round above and not below: 7 welder. Besides, we cannot hire "half" or "quarter" of an employee therefore we have to move between integer solutions.

7 0
3 years ago
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