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
How is the architecture career pathway different from the construction pathway?
UkoKoshka [18]
The difference is in point <span>3. Architecture involves the design process, considering the function and safety of the project. 
The architectural designers only need to put their mind on the angle of the building, the aesthetic theme of the building and the functional factors of the building and their role is finished as soon as the building process begins.
</span>
5 0
3 years ago
Melissa is a salaried employee who earns roughly the same amount in every paycheck. Why would it be a great idea for her to set
babymother [125]

It will be a good idea to set up an automatic transfer every pay period because its prevents anyone from forgetting to pay yourself first as well as preventing to spend the said money.

<h3>What is an automatic transfer?</h3>

An automatic transfer refers to an arrangement whereby a preset transfers is done from customer's account on a regular basis to another accounting.

In conclusion, the automatic transfer is very effective in maintaining a strict saving culture because its prevent the spending of disposable income.

Read more about automatic transfer

<em>brainly.com/question/24179665</em>

3 0
2 years ago
Choose the propaganda style that best fits the statement below.
Dmitriy789 [7]

The answer to your question is,

A. Glittering generalities

-Mabel <3

8 0
3 years ago
Which of the following is the best example of public communication?
Jlenok [28]
An internal self-reflection on an event is the best answer
8 0
3 years ago
Read 2 more answers
Fox, Inc. manufactures and sells pens for $7 each. Walton Corp. has offered Fox, Inc. $3 per pen for a one-time order of 3,500 p
sasho [114]

Answer:

Operating income will rise by $7,500

Explanation:

If the Fox, Inc. can complete the order and it wouldn´t affect them inthe regular sales, they would just have to calculate the price of making each pen, which is one dollar per pen, with absorption costs, and then withdraw that from the income they will make for the sale:

3,500 pens at 3 dollars=10,500

We withdraw the 3,500 from making them:

10,500-3,500= 7,000

So the income will increase by $7,000 is they take the order.

8 0
3 years ago
Other questions:
  • Ms. Cole purchased a $546,000 insurance policy on her own life and named her son as sole beneficiary. She has paid $33,852 total
    7·2 answers
  • Which of the following statements is true of direct ownership? It allows transfer of power and management to firms in host count
    15·1 answer
  • Too Young, Inc., has a bond outstanding with a coupon rate of 7.1 percent and semiannual payments. The bond currently sells for
    7·1 answer
  • Loft Industries sells roof trusses to contractors and builders and is currently looking for honest feedback on its services. How
    15·1 answer
  • You will receive $5,000 a year in real terms for the next 5 years. Each payment will be received at the end of the period with t
    11·1 answer
  • 9.15. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve SMC(Q) 2Q, where Q is the a
    15·1 answer
  • Jonathan just graduated college and can expect monthly loan payments of $405. His new job provides him
    15·2 answers
  • Total revenue equals A. change in price per unit times quantity sold. B. price per unit times change in quantity sold. C. price
    12·1 answer
  • Sometimes a country’s laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) ________ i
    7·1 answer
  • Sarah started working this year. She is single with no children and hasn't earned much money. Money has been taken out of each p
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!