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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>

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Carroll Corporation has two products, Q and P. During June, the company's net operating income was $26,000, and the common fixed
mario62 [17]

Answer:

$34,000

Explanation:

Given the above information, the computation of segment margin for product P is shown below;

Net operating profit = (Segment margin Q + Segment margin P) - Common fixed expenses

$26,000 = ($48,000 + Segment margin P) - $56,000

$26,000 = $48,000 + Segment margin P - $56,000

$26,000 = Segment margin P - $8,000

Segment margin P = $26,000 + $8,000

Segment margin P = $34,000

8 0
2 years ago
If industry rivalry is very high we can expect profit margin low.<br> True<br> False
Kobotan [32]

Answer:

true is the answer I think

4 0
2 years ago
In the study of geomorphology, why do we primarily concentrate on processes rather than on distribution patterns by latitude?
4vir4ik [10]
In the study of geomorphology, processes like weathering and erosion are key to how the rocks will be sculpted by natural forces to produce interesting landforms like buttes and mesas for example. The distribution of geomorphological features like say the Amazon River by latitude is important but the process that shaped the landforms is more important as to how it got its present configuration.
5 0
3 years ago
The guidance for having infant sleep on their back to reduce the incidence of SIDS has a grade of A. Group of answer choices Pro
Lapatulllka [165]

Answer:

The correct answer is letter "D": Recommendations.

Explanation:

Evidence-based public health (EBPH) practice is the application, and assessment of effective public health programs and policies by applying scientific reasoning principles. It includes several recommendations on basic practices that should be followed to avoid future medical conditions.

6 0
2 years ago
Target costing sets costs based on the price that customers are willing to pay.
Alisiya [41]

It is False that Target costing sets costs based on the price that customers are willing to pay.

Because target costing estimates product cost by subtracting a desired profit margin from a competitive market price. As the target cost makes reference to the competitive market, it is fundamentally customer-focused and an important concept for new product development.

Costing is any system for assigning costs to an element of a business.

Competitive is most commonly used to describe a person who has a strong desire to compete and win.

Development is the act, process, or result of developing the development of new ideas an interesting development in the case.

To know more about the Costing here

brainly.com/question/24130824

#SPJ4

6 0
1 year ago
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