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 <em>purchased </em>by Marigold on FOB shipping point basis should be added to its inventory. The goods in transit <em>sold </em>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.
Physical inventory in hand $209,500
Add: Purchases on FOB shipping point basis $28,000
Add: Cost of goods sold on FOB destination basis $27,500
Inventory amount to be reported $265,000
Answer:The E indicates scientific notation. The first number is the coefficient of the number in scientific notation. This number is multiplied by a power of 10. The number following the E, which is -8, is the exponent, and the base is 10.
REAL ANSWER
Step-by-step explanation:I did the assignment
Answer:
What's the question?
Step-by-step explanation:
Answer:
49.07
Step-by-step explanation:
Let x be the lengths of the steel rods and X ~ N (108.7, 0.6)
To get the probability of less than 109.1 cm, the solution is computed by:
z (109.1) = (X-mean)/standard dev
= 109.1 – 108/ 0.6
= 1.1/0.6
=1.83333, look this up in the z table.
P(x < 109.1) = P(z < 1.8333) = 0.97 or 97%