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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

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Ever since the organization began a group incentive program, John has noticed that his team appears more loyal to one another th
777dan777 [17]

Answer:

The correct answer is letter "A": promotes better teamwork.

Explanation:

Group incentives represent all the efforts managers make to keep their subordinates motivated collectively. This is achieved by different methods such as introducing a new bonus to the team that performs better allowing teams to take more decisions on their duties. By doing so, members of a group are likely to improve their engagement with other coworkers in the pursuit of achieving an objective.

<em>Teamwork is highly promoted by incentivizing groups compared to motivating individuals separately.</em>

4 0
3 years ago
R. C. Barker makes purchasing decisions for his company. One product that he buys costs $50 per unit when the order quantity is
astra-53 [7]

Answer:

a. 300

d. 200

Explanation:

EOQ = \sqrt{(2 * Annual demand * ordering cost) / holding cost } \\

2 * 7500 * 30 / 0.5

EOQ = 948 units

When price is $48 per unit

EOQ = 968 units

Total cost  = Holding cost + ordering cost + purchase cost

When the order is for 500 price is $48

Total cost = $2,400 + $30 + $24,000 = $26,430

When the order is for 300 price is $50

Total cost = $1,500 + $30 + $15,000 = $16,530

When the order is for 306 price is $50

Total cost = $1,530 + $30 + $15,300 = $16,860

When the order is for 200 price is $50

Total cost = $1,000 + $30 + $10,000 = $11,030

The best two possible order quantities are 200 and 300 which results in minimum total cost.

5 0
3 years ago
Cross Country Movers has just gone public. Under a firm commitment agreement, the firm received $19.84 for each of the 2.12 mill
nikitadnepr [17]

Answer:

= $11,670,200/ $41,329,800 x 100 = 28.24%

Explanation:

The question is to compute the flotation cost of the funds raised by Cross Country Movers after going public. Furthermore, it should be presented as a percentage.

The formula therefore, is = Total Direct Costs / Net Amount raised x 100

Step 1: Total Direct Costs

= Direct Costs (legal and others) + Indirect costs + (Initial Offering Price - the amount received for each share x total shares sold) + (Price rise in stock per share - the initial offering price per share x total shares sold)

= $626,000 + $105,000 + 9,667,200‬+ 1,272,000‬ = $11,670,200

Step 2: Net Amount Raised

= Amount recieved per share x total shares - Direct and indirect costs

= $19.84 x 2,120,000 shares - $626,000 + $105,000

= 42,060,800‬- 731,000‬ = $41,329,800

Step 3: Floatation Cost in Percentage

= $11,670,200/ $41,329,800 x 100 = 28.24%

4 0
3 years ago
. Joey purchased an n-year par-value 2,000 bond that had a coupon rate of 9% convertible quarterly. Todd purchased a par-value b
kaheart [24]

Answer:

what is the formula

Explanation:

8 0
2 years ago
A company purchased land for $100,000 cash. Accrued real estate taxes on the land, $2,000, and real estate taxes on the land for
zheka24 [161]

Answer:

$118,000

Explanation:

We know the purchase price of land = $100,000

Also any kind of brokerage or commission is added to such cost as it is part of acquisition and one time expense, thus capital in nature.

Thus, $8,000 paid as brokerage will be added.

Also the one time expense in the capital nature being the demolishing expense will be added to cost.

Thus, net cost of land = $100,000 + $8,000 + $10,000 = $118,000

Some of the salvage sold results in an income for the company, and that shall form part of income statement, and has nothing to do with cost of land.

Thus, net historical cost = $118,000

7 0
3 years ago
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