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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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What would happen in the market for loanable funds if the government were to increase the tax on interest income?
nalin [4]

Answer:

Interest rates would rise.

Explanation:

There would be a decrease in the amount of loanable funds borrowed.

if the government were to increase the tax on interest income, a reduction in the amount of funds borrowed would happen because the cost of borrowing would then become higher and people would have to pay more than they would have paid for every amount borrowed

5 0
3 years ago
When Get the Glare Out needed some information about the potential market for its product, the marketing team looked to the Inte
Romashka [77]

Answer:

secondary data.

Explanation:

Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.

Secondary market research can be defined as a method designed to determine the demographics of a particular target market.

A secondary data can be defined as any form of data that has been obtained or collected earlier by someone else through primary sources for their own purpose and made readily available for other researchers to use. Thus, a secondary data is a type of data that has been previously obtained or collected.

In this scenario, the type of information the marketing team was using is referred to as secondary data because it looked to the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in manufacturing its self-darkening windshield.

In conclusion, a secondary data is typically reliant or based on the primary source of information and as such it isn't a first hand experience.

4 0
3 years ago
In considering NBAC’s analytic approach, an otherwise competent person who is acutely ill might be considered at especially high
xxMikexx [17]

Answer:

c. Situational cognitive vulnerability.

Explanation:

Situational cognitive vulnerability -

It is the cognitive vulnerability in the field of cognitive psychology , it is the belief of cognitive bias .

It is the situation that does not allow to exercise the capabilities effectively .

hence , from the question ,

The correct term according to the statement of the question is  - c. Situational cognitive vulnerability.

5 0
4 years ago
he following information was taken from the 2018 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2018 $
Volgvan

Answer:

$770,000

Explanation:

Purchase = Ending inventory +Cost of goods sold- Beginning inventory Purchased

= $240,000+$800,000-$180,000= $860,000

Cash paid to suppliers = Beginning AP+ Purchased -Ending AP Cash Payments

= $150,000+$860,000-$240,000 =

$770,000

Therefore the amount that Jenny Gardner should report as cash payments to suppliers is $770,000

4 0
3 years ago
Suppose that the full employment level of nominal GDP rises in one year from ​$13.8 to ​$14.2 trillion. The​ long-run equilibriu
vovikov84 [41]

Answer: ​The answer is that, AD has shifted to exactly $0.35 trillion.

Explanation:

It should be noticed that, AD has been shifted to exactly ​$0.35 trillion (Rounded in two decimal places.​) when the the​ long-run aggregate supply curve shifted to the right from one year to the​ next.

6 0
3 years ago
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