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Ainat [17]
3 years ago
6

Consider the following information.

Business
1 answer:
katen-ka-za [31]3 years ago
5 0

Answer:

$63,120

Explanation:

Beginning inventory layer at base year retail:

= Beginning inventory at retail ÷ Year end cost index

= $ 120,000 ÷ 1.00

= 120,000

Current inventory layer at base year retail:

= Ending inventory at retail ÷ Year end cost index

= $ 168,000 ÷ 1.12

= 150,000

Estimate of ending inventory:

= Base + Current

= (inventory at base year retail × Cost percentage × Year end cost index) + (inventory at base year retail × Cost percentage × Year end cost index)

= ( 120,000 × 40% × 1.00) + (30,000 × 45% × 1.12)

= $48,000 + $15,120

= $63,120

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Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000
umka21 [38]

Answer:

<em>Collections for September is $ 57,100</em>

Explanation:

Computation of cash receipts for September

Collections from cash sales of September                                       $   5,000

Collections from credit sales of August - 57 % of $ 50,000           $  28,500

Collections from credit sales of September 40 % of $ 59,001       <u>$  23,600 </u>  

Total collections for September                                                        $  57,100

5 0
3 years ago
Blockchain technology is an emerging technology with potential applications in logistics, distributed ledgers, social media, fin
icang [17]

Answer:

Opportunity

Explanation:

In the SWOT analysis, external events are classified as either Opportunities or Threats, while internal events are classified as either Strenghts or Weaknesses.

In this case, we find that Blockchain is a technology that is external to IBM, and that IBM has the technological capita, and know-how, to enter this market and develop its own version of Blockchain. For this reason, the growth of Blockchain technology represents an opportunity for IBM.

7 0
3 years ago
On January 23, 10,000 shares of Tolle Company are acquired at a price of $30 per share plus a $100 brokerage commission. On Apri
Vaselesa [24]

Answer:

January 23rd

Dr Investment in Tolle                 300,100

Cr Cash                                        300,100

(to record the acquired of 10,000 Tolle's shares at $30 each and a brokerage cost of $100)

April 12th

Dr Cash                                 5,000

Cr Dividend Revenue          5,000

(to record dividend revenue from 10,00 Tolle's shares at $0.5 each)

June 10th

Dr Cash                                           135,900

Cr Investment on Tolle                 120,040

Cr Gain on investment disposal   15,860

(to record the sales of 4,000 Tolle's shares at $34 plus $110 commission fees incurred).

Explanation:

All the explanation is given at the end of each transaction. Further explanation as below:

Given there is no information mentioned whether the share acquired is fro 20% to above and the partial disposal of the investment comes quite near to the time of first acquire; we apply the Cost Method for accounting these transactions.

In the June 10th transaction, we have:

- The actual selling price per share = (Selling price x share sold - Brokerage commission) / share sold = ( 34 x 4,000 - 100) / 4,000 = $33.975;

- The cost of share sold per share = ( Purchasing price x share purchase - Brokerage commission)/ share purchased = ( 30 x 10,000 + 100) / 10,000 = $30.01

=> Cost of share recorded ( Cr Investment account) = 30.01 x 4,000 = 120,040;

=> Gain on investment disposal = ( 33.975 - 30.01) x 4,000 = 15,860.

=> Cash receipt = 4,000 x 34 - 100 = $135,900.

3 0
3 years ago
bundle of meanings or characteristics associated with certain concrete, unambiguous events, objects, conditions, or situations?
Sloan [31]

Answer:

<em>CONCEPT</em>

Explanation:

It is known as <em>"CONCEPT"</em> in which the meanings collections are been accepted and associated with characteristics with certain objects and situations and conditions and events as well as behaviors.

<em>In this it also classifies the events and as well as objects that are carrying  similar characteristics. </em>

We can also abstract such kind of meaning with are experience of abstraction.

8 0
3 years ago
Agent joh rogers is planning a formal marketing/sales event and has decided to place an adbertisment in the locla paper. what di
Nina [5.8K]

If Agent John Rogers has decided to run an ad in the neighborhood paper in advertisement with a formal marketing/sales event. Then he must specify that attendees without enrollment obligations may contact 555-555-1234 TTY to request accommodations for those with special needs at sales sessions.

The strategies and actions utilized in advertising are those that aim to draw attention to certain goods, services, viewpoints, or causes with the intention of influencing the public to act in a particular way. The majority of advertising promotes a product that is available for purchase, but comparable techniques are also employed to persuade people, among many other things, to drive defensively, donate to charity, or cast ballots for particular candidates.

The most significant source of revenue for the media outlets through which it is carried out is often advertising (such as newspapers, magazines, or television stations). Advertising has grown to be a significant and significant service industry in the noncommunist world.

Learn more about advertisement here

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7 0
1 year ago
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