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stealth61 [152]
3 years ago
10

The company shipped merchandise valued at $100,000 F.O.B. destination on December 28, Year 3, and recorded the sale and relief o

f inventory on that date. The customer received the merchandise on January 4, Year 4. The merchandise has a profit margin of 20%. Record the necessary Year 3 adjustments, if any.
Business
1 answer:
kondor19780726 [428]3 years ago
8 0

Answer:

The company must not make any adjustment entries in year x3 since the FOB means "Free on board" and at the moment the buyer delivers the goods at the port of shipment, at that time the risks of loss or damage of merchandise are transferred to the buyer from the seller

When this happens, the sale is made since the seller no longer owns the merchandise.

n this case, the seller does not own the merchandise since December 28 and has already made the corresponding records. so he should not make any adjustments.

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A fad shifts the demand curve for a toy to the right. When the fad ends, the demand curve will shift back to the left. How are t
NARA [144]

The shifts in the demand curve directly affect the demand for labor for the toy manufacturer which means the rightward shift in the demand curve requires more labor whereas the leftward shift requires less labor.

<h3>What do you mean by labor?</h3>

Labor also called human labor is the workforce who are engaged in the production of a product. The requirements of the labor totally depend on the demand for the product.

When the demand curve shifts toward the right that means the demand for the toys getting increases which leads to more requirements for human labor and when the demand curve moves towards the left, this means a decrease in demand for toys which results in lesser requirements for human labor. This shows a direct effect on the manufacturer of toys regarding the demand for labor.

Therefore, the changing of shifts will affect the manufacturer's demand for labor in a direct manner.

Learn more about the demand curve in the related link:

brainly.com/question/1915798

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8 0
2 years ago
(Zaxbys)
OLga [1]

Answer:

Fried Caesar, grilled Caesar, Buffalo blue, fried cobb

Explanation:

Salads are made with various vegetables and meat base. The regular salad is green salad which is most commonly used. There are many benefits of having salad with meal. Many people do not like vegetables so they add little meat with salad to consume it. Most regular salad base are fried Caesar and fried cobb.

5 0
3 years ago
Merle has a rural piece of land in the northern part of the state. He is in the process of selling it to a developer. The proper
Marina CMI [18]

Answer: B. Metes and Bounds System

Explanation: The metes and bounds system is an old system of land surveying practiced many centuries ago whereby land boundaries are determined using features such as flowers, trees, river, roads, pole etc. It was a system used before the advent of modern surveying instruments.

•Metes refers to determining boundary by measuring straight run between two points.

•Bounds is the use of features such as rocks, water course, etc to define boundary, this is used for large portion of property such as political boundaries between two towns.

3 0
3 years ago
11. Consider the Ganges Tours, Inc. financial statements below. Calculate the following ratios:a. Current ratio.b. Quick ratio.c
notsponge [240]

Answer:

a. 1.79

b. 0.78

c. 0.30

d. 0.43

Explanation:

a. The Current Ratio checks if the company can cover it's current  Liabilities with it's current assets. The formula is;

Current Ratio = Current Assets / Current Laibilities

= $305,800 / $170,000

= 1.79

b. The Quick Ratio is similar to the Current Ratio but it calculates if a company can cover it's Current Liabilities with it's liquid assets.

Quick Ratio = Current Assets - Inventory / Current Liabilities

= ($305,800 -$173,800) / $170,000

= 0.78

c. The Cash Ratio checks whether the company can pay it's current Liabilities with it's cash or cash equivalent (Treasury Securities, bank account etc) holdings. Formula is;

Cash Ratio = (Cash+Cash Equivalents) / Current Liabilities

= $50,600 / $170,000

= 0.30

d. Debt ratio shows just how much of the company's assets were acquired through the use of Debt Financing. It's formula is;

Debt Ratio = Current Liabilities + Long Term Liabilities / Total Asssets

= $170,000 +$316,000 / $1,131,800

= 0.43

6 0
3 years ago
Joseph and denise gave a presentation on how to bake low-calorie cookies. they explained each step, from beginning to end. this
Pani-rosa [81]

Time or sequential order means that you are listing something based on a logical order – it can be a numerical or alphabetical order. Logical reasons order means that you are listing based on how you think it is best presented in order to convey your idea to the audience.

Narrative order is listing something based on how a story should best be told – it may not be sequential, but the intention is to create a cohesive storytelling. Topical order is explaining something starting with the problem first, then the solution.

From all these explanations, the best answer to the question would be (A) time or sequential order.

5 0
3 years ago
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