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4 years ago

Taking a physical count of inventory

Business

1 answer:

Inessa05 [86]4 years ago

5 0

Answer:

Taking a physical count of inventory :

d.should be done near year-end.

Explanation:

Taking physical inventory is necessary for any business because it allows taking pertinent actions to start the next year, also for tracking the inventory as every item should be counted. It helps to know what happens with every article, for example, if there are any losses (damaged goods, stolen or miscounted).

It is helpful to detect items that are about to expire or become obsolete so the company can sell them, and don’t lose money, by using a marketing strategy and then renew/supply the store.

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Globalization refers to the processes by which goods, services, capital, people, information, and ideas Group of answer choices

Mrac [35]

Answer:

flow across national borders

Explanation:

The globalization is the process in which the company is able to deal with the other companies internationally or operating the activities of the company as on international trade to expand their business

According to the given situation, the globalization stated the processes in which the goods, services, capital, and other things are flow across the national borders

Hence, the fourth option is correct

6 0

3 years ago

Novak Corp. has 44,000 shares of $11 par value common stock outstanding. It declares a 11% stock dividend on December 1 when the

Sliva [168]

Answer: The answer has been provided below

Explanation:

From the information given in the question, the number of shares that are allotted as stock dividend will be:

= 44,000 × 11%

= 44,000 × 0.11

= 4840

Stock dividend:

= 4840 × $19

= $91960

The common stock dividend shared:

= 4840 × $11

= $53240

4 0

3 years ago

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the b

castortr0y [4]

Answer:

$184,000

Explanation:

The computation of adjusted cost of goods sold is shown below:-

For computing the adjusted cost of goods sold first we need to find out the cost of goods sold which is here below:-

Cost of goods sold = Beginning inventory of finished goods + Cost of goods manufactured - Ending inventory of finished goods

= $39,000 + $188,000 - $47,000

= $180,000

Adjusted cost of goods sold = Cost of goods sold + Manufacturing overhead cost incurred - Manufacturing overhead cost applied

= $180,000 + $71,000 - $67,00

= $184,000

4 0

3 years ago

Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exceptio

matrenka [14]

Answer:

Please see the attached image for the Horizontal Financial Statements of Sinclair Manufacturing Company.

Explanation:

5. FURNITURE - Straight Line Method

Book Value of Furniture = Cost of Acquisition - Residual Value

Cost of Acquisition = $9,600

Residual Value = $1,600

Book Value of Furniture = $9,600 - $1,600

Book Value of Furniture = $8,000

Useful Life = 4 years

Depreciation Expense = $8,000 / 4 years

Depreciation Expense = $2,000 per year

6. EQUIPMENT - Straight Line Method

Book Value of Equipment = Cost of Acquisition - Residual Value

Cost of Acquisition = $16,000

Residual Value = $1,000

Book Value of Furniture = $16,000 - $1,000

Book Value of Furniture = $15,000

Useful Life = 5 years

Depreciation Expense = $15,000 / 5 years

Depreciation Expense = $3,000 per year

6 0

4 years ago

You purchase 150 shares for $70 a share ($10,500), and after a year the price rises to $80. Calculate the percentage return on y

Lyrx [107]

Answer:

57.14%

Explanation:

Missing word <em>"25 percent."</em>

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Gain on the stock = (150*$80) - $10,500

Gain on the stock = $ 12,000 - $10,500

Gain on the stock = $1,500

If Margin requirement is 25%, The Margin = 10,500*25% = $2,625

Return on Investment = $1,500/$2,625 * 100 = 0.571429 * 100 = 57.1429% = 57.14%

6 0

3 years ago