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goldenfox [79]
4 years ago
15

Metlock Company took a physical inventory on December 31 and determined that goods costing $185,000 were on hand. Not included i

n the physical count were $24,080 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $20,810 of goods sold to Alvarez Company for $32,070, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Metlock report as its December 31 inventory?
Business
1 answer:
Paha777 [63]4 years ago
6 0

Answer:

$229,890

Explanation:

The formula to compute the ending inventory is shown below:

= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination

= $185,000 + $24,080 + $20,810

= $229,890

We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.

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A​ monopolist's maximized rate of economic profits is ​$2 comma 700 per week. Its weekly output is 900 ​units, and at this outpu
LuckyWell [14K]

Answer:

Average total cost= $46

Marginal revenue= $33

Explanation:

In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit

Economic profit per unit= 2,700/900

Economic profit per unit= $3

Average total cost= (Price per unit) - (Economic profit per unit)

Average total cost= 49 - 3= $46

For this instance marginal revenue is equal to marginal cost.

Marginal revenue= Marginal cost= $39

3 0
3 years ago
Refer to the following table to answer the following questions:
sineoko [7]

Answer:

Following are the answer to this question:

In question first, the answer is "Option d".

In question second, the answer is "Option e".

In question third, the answer is "Option e".

In question fourth, the answer is "Option e ".

In question fifth, the answer is "Option b".

Explanation:

Given values:

Checkable \ deposits =  \$ 400,000,000\\Currency = \$ 340,000,000\\Traveler's \ checks = \$ 4,000,000\\Money \ market \ mutual \ funds = \$ 50,000,000\\Small \ time \ deposits = \$ 6,000,000\\Savings \ deposits = \$ 850,000,000\\

Solution:

  • \text{M1= currency +checkable deposits + travellers check}

    = $400000000+$340000000+$4000000

    = $744000000

\bold{\text{M2 = M1 +money market mutual funds + small time deposit+ saving deposit}}

      =  $744000000 + $50000000+$6000000+$850000000

       = $1,650,000,000

  • Saving account deposits, which means its amount of money increased throughout the M2 portion regular savings account. So M2 will grow  
  • Its increase in the number of employees may not impact the balance sheet with banks, because each bank maintains its entire cash flow
  • For banks, loans are investments if they're lending money as a bank to people. So, it's on income statement asset side
3 0
3 years ago
What does a decrease in supply result in?
strojnjashka [21]

Answer:

The correct answer is option c.

Explanation:

A decrease in the supply will cause the supply curve to shift to the left. This leftward shift in the supply curve will further cause the demand and supply curve to intersect at a higher point.

As a result, there will be an increase in the equilibrium price and a decrease in the equilibrium quantity.

This also represented in the figure given below.

7 0
3 years ago
A process with no beginning work in process, completed and transferred out 35,000 units during a period and had 14,000 units in
Kay [80]

Answer:

equivalent unit of production for period in conversion cost is 42000 EU

Explanation:

Given data

during period P = 35000 units

ending work W = 14000 units

complete C% = 50%

to find out

equivalent units of production

solution

we know that 35000 units work is complete and transferred during period  and

50% complete with ending work 14000 units

so that

Equivalence unit production is W x C% + P

= 14000 x 50% + 35000 = 42000

so equivalent unit of production for period in conversion cost is 42000 EU

5 0
3 years ago
Read 2 more answers
During the current year, merchandise is sold for $137,500 cash and $425,600 on account. the cost of the merchandise sold is $322
LenKa [72]

The gross sales margin equals 42.76%

The formula to calculate the Gross Sales Margin is (Revenue - Cost of Goods Sold) / Revenue

Revenue = $137,500 + $425,600 = $563,100

($563,100 - 322,325) / 563,100 =

240,775 / 563,100 = 42.76%

4 0
4 years ago
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