1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikklg [1K]
3 years ago
11

Park co. shipped inventory on consignment to recreations co. that cost $50,000. recreations paid $1,200 for advertising that was

reimbursable from park. at the end of the year, 80% of the inventory was sold for $70,000. the agreement states that a commission of 30% will be provided to recreations for all sales. what amount of net inventory on consignment remains on the balance sheet for the first year for park?
Business
1 answer:
antiseptic1488 [7]3 years ago
6 0

The answer to this question is 30/100*$50,000 = $15,000 remains on the balance sheet at the end of the year.

The $ 1200 paid for advertisement is not included in the cost of inventory.

<span>Cost of inventory=cost of inventory+ any other cost needed to get inventory in place of sale.</span>

You might be interested in
Since she was hired four months ago, Janelle has performed poorly on many aspects of her job. This is likely to be attributed to
elena-s [515]

Answer:

internal causes

Explanation:

Based on the information provided within the question it can be said that this is most likely to be attributed to internal causes. This term refers to various different attributes within an individual such as their traits, abilities, or even emotional feelings from different events in their lives. These factors are what are most likely affecting Janelle in her new job.

6 0
3 years ago
Question 16 of 25
Sveta_85 [38]

Answer: B. Foreign cars become more expensive.

Explanation: The tariff slapped on imported goods such as cars and other foreign commodities will raise the overall cost of the product on the side of the seller and definitely the final selling price of such product to the consumers. This is used to raise revenue for the government and also to encourage the manufacture, adoption and support for locally manufactured products. Locally manufactured substitute will tend to be cheaper and the additional tariff may put importers and consumers off, and hence settle for cheaper locally made alternative.

8 0
3 years ago
Describe the stage of product design
Leno4ka [110]

Answer:

Stage 1: hear from others and listen to feedback

Stage 2: Create new ideas based on that feedback

Stage 3: Create several prototypes and choose one. Then test the prototype

Stage 4: Manufacture the prototype you chose

Explanation:

8 0
2 years ago
Read 2 more answers
If a car goes 70 miles per hour, how many hours does it take to travel 70 miles
pogonyaev

i texted you on instagram hmu back asap

5 0
3 years ago
Read 2 more answers
The first session of the national convention is generally devoted to
svetlana [45]
The first session of the national convention is generally devoted to giving speeches.
3 0
3 years ago
Other questions:
  • Discuss the actions taken by the read_item and write_item operations on a database.
    13·1 answer
  • Skysong, Inc. reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 250 $5 $ 1,250 12 Purchas
    12·1 answer
  • Our play ___ has days of sales tied up in receivables, which is much ___ than the industry average. it takes our play
    13·1 answer
  • The economizing problem is essentially one of deciding how to make the best use of Group of answer choices limited resources to
    7·1 answer
  • The journal entry to record the issuance of a stock dividend is which of the following?
    8·1 answer
  • Discuss how a fragmented audience is both a challenge and an opportunity for sports and entertainment marketers?
    10·1 answer
  • Write about your last week ( over 50 words)​
    7·2 answers
  • Given the following data for Coronado Industries, compute cost of goods manufactured: Direct materials used $120000 Beginning wo
    6·1 answer
  • Dividing up the market by how much a consumer uses a product or service is called?
    8·1 answer
  • Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technol
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!