1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Firlakuza [10]
3 years ago
10

Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem

pt to sell the merchandise, and in return, Mogul will pay to Ski Outfit a 20% sales commission on any merchandise sold. During the year, Mogul ships inventory with a cost of $110,000 to Ski Outfit. By the end of the year, $84,000 of the merchandise has been sold to customers for a total of $116,200. What amount of inventory will Mogul report at year end
Business
1 answer:
Dafna11 [192]3 years ago
7 0

Answer:

Mogul will report Inventory of $26000

Explanation:

The consignment accounting states that any inventory sent on consignment by the consignor to the consignee belongs to the consignor until it is sold by the consignee. Mogu; company sent inventory costing 110000 and out of this only 84000 is sold. The remaining inventory still belongs to the consignor and the amount of this inventory is 110000 - 84000 = $26000

You might be interested in
Which business risk is controllable
sweet [91]
Currency rate fluctuations.This is ran by the government.

Hope This Helps Human <3
7 0
3 years ago
Read 2 more answers
Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays.
irina1246 [14]

Answer:

$25,650

Explanation:

The formula for calculating the future value of an annuity is:

F = P x ([1 + I]^N - 1 ) / I

where:

  • P = payment amount = $1,000
  • I = interest rate = 4%
  • N = number of payments = 18

F = $1,000 x ([1 + 4%]^18 - 1 ) / 4% = $1,000 x (1.04^18 - 1 ) / 4% = $1,000 x (2.026 - 1 ) / 4% =  $1,000 x 1.026 / 4% = $25,650

4 0
3 years ago
Which of the following is a reason advertising can be economically wasteful? Advertising provides consumers with price and quali
babymother [125]

Answer:

The most effective advertising is very expensive and, therefore, wasteful.

Explanation:

In order for something to be considered economically wasteful it must use and dispose money carelessly.

Therefore options:

  • Advertising provides consumers with price and quality information about products.
  • Advertising manipulates people's tastes and can reduce competition.

Do not apply since the options do not consider the costs of advertisement.

The only option that considers the cost of advertisement is: The most effective advertising is very expensive and, therefore, wasteful. It refers to the high costs of effective advertisement, and it implies that the money is not used carefully.

5 0
2 years ago
During your meeting with your client, Hayden Doyle, you recommended he purchase a personal liability umbrella policy (PLUP). Whi
nataly862011 [7]

Answer:

b. Develop and present financial planning recommendations.

Explanation:

Since in the question it is mentioned that there is a recommendation for buying a personal liability with respect to the umbrella policy so in the steps of the financial planning process, the step that should be considered is to develop & present the recommendation with regard to the financial planning as the financial planning is important than can save your future

hence, the correct option is B.

6 0
2 years ago
Western Country Corporation made sales of $ 850 million during 2018. Of this​ amount, Western Country collected cash for $ 710 m
trapecia [35]

Answer:

We have to find Western Country Corporation's net income, and cash balance at the end of 2018.

The answers are:

Net Income = $200 million

Ending cash balance = $100 million

Explanation:

Net income is equal to sales revenue - cost of goods sold - other expenses

Net Income = $850 million - $255 million - 425 million

                   = $200 million

Ending cash balance is equal to beginning cash + cash receipts (inflows) - cash payments (outflows)

Ending cash balance = $85 million + $710 million - $400 million - $285 million

                                   = $110 million

5 0
2 years ago
Other questions:
  • For each transaction:
    6·1 answer
  • On a hot summer day, a student turns his fan on when he leaves his room in the morning. when he returns in the evening, will the
    15·1 answer
  • A study of about 1,800 U.S. colleges and universities resulted in the demand equation q = 9,900 − 2p, where q is the enrollment
    9·1 answer
  • The date of Internet materials is increasingly significant when researching topics experiencing rapid change due to these factor
    11·2 answers
  • Consider a Treasury bill with a rate of return of 5% and the following risky securities: Security
    15·1 answer
  • A chemical bathroom cleaner has an ingredient X that allows the cleaner to lather well and remove stains. The cost of producing
    5·1 answer
  • What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own mo
    11·1 answer
  • The expected average rate of return for a proposed investment of $5,610,000 in a fixed asset, using straight-line depreciation,
    7·1 answer
  • A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at th
    15·1 answer
  • Guido and hal want to rescind their contract under which guido sold hal a mountain bike for $100. To rescind the contract.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!