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Molodets [167]
3 years ago
11

At December 31, 2019 ABC Company’s inventory records indicated a balance of $878,000. Upon further investigation it was determin

ed that this amount included the following: · $168,000 in inventory purchases made by Howell shipped from the seller 12/27/19 terms FOB destination, but not due to be received until January 2nd · $111,000 in goods sold by ABC with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th. · $9,000 of goods received on consignment from Westwood Company What is ABC’s correct ending inventory balance at December 31, 2019?
Business
1 answer:
KiRa [710]3 years ago
8 0

Answer:

$ 701,000

Explanation:

Balance At December 31, 2019 = $878,000

$168,000 will be deducted since these are not due to be received until January 2nd as well as $9,000 will also be deducted

$878,000 - $168,000 - $9,000 = $ 701,000

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Brian recently had to have minor surgery that cost him $3,000. He used the $2,300 remaining in his HSA but will pay the rest out
Gala2k [10]

Answer: Brian will have $700 dollars to pay the medical bill balance

Explanation: You already know your total is $3,000. Subtract 3,000 - 2,300, which will give you $700.00

4 0
2 years ago
Some analysts try to predict how likely a policy issue will be placed on the agenda for action. Policy issues that have ___ ___
yKpoI14uk [10]

Answer:

Low conflict and high salience

Explanation:

Placing an issue on the list of public agenda does not occur overnight. The issue that is to be placed on public agenda needs to meet some certain criteria.

First among these criteria is that it must be an issue with a low amount of conflict. What this means is that if there are no oppositions to a certain issue and there is generally a reasonable amount of agreement between the parties involved, then we can confidently agree that the particular issue can be placed on public agenda.

Secondly, the issue to be placed on public agenda must have high salience. What do we mean by this? This means the particular issue must be prominent or important enough to be discussed. If the issue on ground is not prominent, than it cannot be presented on the list of agenda.

3 0
3 years ago
Which TWO of the following best describe the use and characteristics of discounted cash flow methodology?
konstantin123 [22]

Answer:

The correct answer is option 1 and 4.

Explanation:

Discounted Cash Flow Methodology attempts to assign present values to an investment's expected future cash flows. It is an effective way to evaluate and compare various investment options to one another. As fixed-income securities have fixed interest payments, DCF is an effective way to compare fixed-income securities. It is also used to calculate the current market values of these securities.

The project with positive NPV is accepted or higher NPV means the project is more lucrative.

8 0
3 years ago
On December 31 of Swift Co.’s first year, $70,000 of accounts receivable is not yet collected. Swift estimates that $4,000 of it
pishuonlain [190]

Answer:

1. $66,000

2. $66,000

Explanation:

The computations are shown below:

1. Before written off:

= Account receivable balance - uncollectible amount

= $70,000 - $4,000

= $66,000

2. After written off:

= Account receivable balance - second year written off amount - uncollectible amount + second year written off amount

= $70,000 - $700 - $4,000 + $700

= $66,000

8 0
4 years ago
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Schach [20]

Answer:

The answer is  c.cost accounting systems

Explanation:

3 0
4 years ago
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