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3 years ago

Which of the following would be relevant in the decision to sell or throw out obsolete inventory?

Business

1 answer:

Rom4ik [11]3 years ago

4 0

Answer:

D) No No

Explanation:

Direct material cost and fixed overhead cost assigned to inventory, both are irrelevant in the decision to sell or throw out obsolete inventory because these costs are already incurred and treated as sunk cost.

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Weston Jewelers uses the perpetual inventory system. On April 2, Weston sold merchandise with a cost of $1,257 for $2,200 to a c

Evgesh-ka [11]

Answer:

$2,134

Explanation:

Calculation of the amount of the Net sales revenue

First step

Since we were been told that Weston sold the merchandise with a cost of $1,257 for $2,200 with the terms of 3/15 this means we are going to find the 3% of $2,200 calculated as:

3%*$2,200=$66

Second step is to deduct the $66 from the cost of $2,200,in order to find the Net Sales Revenue of Weston Jewelers

Net Sales Revenue =$2,200-$66

Net Sales Revenue=$2,134

Therefore the Net Sales Revenue of Weston Jewelers will be $2,134

8 0

3 years ago

Which professional helps individuals and families minimize risk?

Yuliya22 [10]

Answer:

insurance agent.

the career profession who would help individual and families to manage and minimise risk would be insurance agent.

Explanation:

insurance is a field that manages protection from financial loss thus risk to it iwould be a component that they manage. insurance insurance agent would recommend the best product for individual and families according to their lifestyle and age

7 0

3 years ago

g Knowledge Check 03 Vineyard Corporation, a manufacturer of fine wines, began the year with 20,000 bottles in inventory. The co

OlgaM077 [116]

Answer:

195,000 bottles

Explanation:

Given that,

Beginning inventory = 20,000 bottles

Budgeted sales for the four quarters:

Quarter 1 = 200,000 bottles

Quarter 2 = 150,000 bottles

Quarter 3 = 250,000 bottles

Quarter 4 = 400,000 bottles

Ending inventory = 10% of the subsequent quarter's sales

Production:

= Ending inventory + Sales - Beginning inventory

= (150,000 × 10) + 200,000 - 20,000

= 195,000 bottles

Therefore, the production needs for the first quarter is 195,000 bottles.

6 0

3 years ago

You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the

Andru [333]

Answer:

The ending cash balance is $40,000

Explanation:

Kindly check attached picture for detailed explanation on Cash Flow statement

6 0

3 years ago

Read 2 more answers

Sự gia tăng về giá cả một loại hàng hóa nào đó không chắc chắn là sự gia tăng của lạm phát.đúng hay sai?

DochEvi [55]

Falseeeeeeeeeeeeee saiiii

7 0

3 years ago