The mass of Venus is 4.87 × 1024 kilograms, and the mass of Jupiter is 1,898 × 1024 kilograms.

1 answer:

7 0

ASSUMPTION = 10 TO THE POWER OF 24

Venus = 4.87 x 10^24

Jupiter = 1898 x 10^24
= 1.898 x 10^27

(1.898 x 10^27) / (4.87 x 10^24)
= 389.7330595
=390 (3 s.f)

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Answer:

Marigold should report an inventory amount of $265,000.

Explanation:

The term FOB (Free On Board) describes at what point the ownership of goods is transferred from the seller to the buyer. In case of FOB shipping point, the ownership of the goods is transferred to the buyer once the goods are shipped for transit. In case of FOB destination, the ownership of the goods is transferred to the buyer once the goods are received by the buyer.

Therefore, the goods in transit purchased by Marigold on FOB shipping point basis should be added to its inventory. The goods in transit sold by Marigold on FOB destination are also currently owned by Marigold so they shall also be added to its inventory.

The inventory amount to be reported by Marigold is computed as follows.

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Add: Cost of goods sold on FOB destination basis $27,500

Inventory amount to be reported $265,000

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