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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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You are going to a dinner whith three (3) friends, one who likes steak, another wine, and the third is a vegetarian (which is as
DENIUS [597]

Answer:

the answer is option D)<u>Equal sharing of the bill ensures that people order a similar dollar amount of food</u>

Explanation:

The theory of consumer behavior states that "consumers allocate incomes among different goods and services to maximize their utility"

Consumer behavior revolves around three parameters their preferences, budget constraints, and options available.

The budget constraint will definitely influence the choice of what to buy within the options available to maximize utility. That means how the bill is shared among the three friends will ultimately affect how much they will chose to eat.

Secondly, The vegetarian will not be better off with equal sharing of the bill because the cost of his food according to the data provided is less.

We don not know for sure if the wine drinker drinks too much or whether he will want his other friends to foot the extra bill from the cost of his wine but we are certain that equal sharing of the bill ensures that people order a similar dollar amount of food.

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3 years ago
The location and community analysis determines the key events predicted for the local community and immediate surrounding area d
mr Goodwill [35]

Answer:

True

Explanation:

I had this question on my test and got it right

4 0
3 years ago
240 individuals are recruited in this trial, and the new treatment is effective on 60 of them. What is the p-value associated wi
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Answer:

Explanation:

Experiments were performed for 240 people, 60 people test positive.

Step 1: we calculate the sample proportion; p= 60/240= 0.25.

Step 2: calculate the standard error for the sample, which is the square root of sample proportion,p = p(1-p)/n, n=100

0.25(1-0.25)/100

= 0.04.

Step 3: calculate the test statistics; assuming the hypothesis test percentage is 25%

Then, we say 0.25-1=0.75

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= -1.875.

In particular, the sample results are -1.875 standard error.

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Look up it value in the Z table

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Consider a corrupt provincial government in which each housing inspector examines two newly built structures each week. All the
Anarel [89]

Answer:

a) If bribes cost $1,000 each, how much will a housing inspector make each year in bribes?

So, if the corrupt inspector approves two newly built structures each week, ti means that he is bribed twice per week. There are 52 weeks in a year, so he gets a total of 104 bribes (52 x 2). If each bribe costs $1,000, then he makes a total of: $1,000 x 104 = $104,000 in bribes per year.

c) Corrupt officials may have an incentive to reduce the provision of government services to help line their own pockets.

This statement is true. Corrupt officials will want to have private companies they can obtain bribes from provide government services. It increases the probability of them making money from bribes.

d) What if reducing the number of inspectors from 20 to 10 only increased the equilibrium bribe from $1,000 to $1,500?

Reducing the number of inspectors in hafl means that each inspector now gets twice the bribes. Because the equilibrium price did not double as did the quantity of bribes, each inspector will make less money than expected, but they will still the incentive to collect all the four bribes per week.

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