Answer:
The amount should Tamarisk report as its December 31 inventory is $252,000
Explanation:
The computation of the ending inventory is shown below:
= Stock on hand + goods purchased from Sheffield Corp + goods sold to Wild horse Co.
= $190,000 + $29,000 + $33,000
= $252,000
We considered all the amounts which are given in the question i.e FOB destination and FOB shipping point which is added to the physical inventory on hand.
Answer:
21. a)$244
22. b) $152
23. c) $92
24. a)30%
25 c)increase
Explanation:
21. Final price of the printer = listed price $279 - $30 mail-in post-purchase rebate + $5 fee to insure the printer during shipping - additional $10 off the price of the printer = $244
22. the seller’s costs for this transaction = 50% its price for the printer & USB = 50% * $279 + 50% * 25= $152
23. The profit on sale of this printer = final price – cost for this transaction = $244 - $152 = $92
24 Manufacturer suggested retail price is $2999; and if the online store charged $209 for the printer, the percentage of discount = (299-209)/299 = 30%
25. For most products, a decrease in price will increase value
Answer:
Depreciation expense for 2021 will be $14700
Explanation:
The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,
Depreciation expense = (Cost - Residual value) / Useful life of the asset
Depreciation expense = (81000 - 7500) / 5
Depreciation expense = $14700
Answer:
$165,975
Explanation:
The computation of sales budgeted is shown below:-
For computing the Sales budgeted for February first we need to compute the January and February units.
January = 10,000 + (3% × 10,000)
= 10,000 + 300
= 10,300
February = 10,000 + (3% × 10,300)
= 10,000 + 309
= 10,309
Sales budgeted for February = For February × Each electric staplers
= 10,309 × $16.10
= $165,975
So, for computing the Sales budgeted for February we simply applied the above formula. The option is not available.
Answer:
62,000 units
Explanation:
Calculation to determine how many units did the Forming Department start and complete in the current month
Total units completed and transferred 84,000 units
Less Inventory at the beginning of this month 22,000 units
Units Forming Department started and completed in the current month 62,000 units
(84,000 units-22,000 units)
Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units