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dmitriy555 [2]
3 years ago
14

Q 6.30: Rollins Technology is determining ending inventory. In the inventory process, Rollins inadvertently miscategorized a $9,

600 shipment of FOB destination goods in transit to a customer as FOB shipping point. What should Rollins do to correct this error?
Business
1 answer:
Musya8 [376]3 years ago
5 0

Answer:

Rollins Technology should the $9,600 inventory to the value of their inventory count

Explanation:

FOB destination means the goods become the buyer's when they are at delivery point,which means that until then they are goods of Rollins Technology

Mis-categorizing such goods as FOB shipping point implies that they were assumed to belong to the owners once shipped,all that is required is for the company to restate the value of the goods in transit by adding it back to the its inventory.

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The amount by which government expenditures exceed revenues during a particular year is the:A. public debt.B. budget deficit.C.
slava [35]

Answer:

The correct answer is

B. budget deficit

good luck

4 0
3 years ago
Courts Distributors needed two hundred compact refrigerators on a rush basis. It contacted Eastinghouse Corporation, a manufactu
Romashka [77]

Answer:

Courts Distributors and Eastinghouse Corporation

Dispute over Contract Price

The two parties have a legal contract.  The contract was established when Courts requested Eastinghouse to send the refrigerators and bill later.

The exact price for the contract is in dispute.  This dispute can be resolved between the parties.  Reference to the market price will help resolve the dispute, otherwise, the parties may seek alternative dispute resolutions, like litigation, mediation, or arbitration.

Explanation:

a) Data and Analysis:

Eastinghouse's invoice price for the refrigerators = $140,000

Courts' adopted market price = $120,000

b) Since Courts' reference to the price is with regard to the wholesale market price, it may be that Eastinghouse quoted the retail price instead.  Since Courts is a distributor, it has the right to be charged a wholesaler's price and not a retailer's.  Therefore, we can conclude that after due reference to the prevailing market price of similar refrigerators, the two parties may agree to a price of $120,000 or a little higher.

7 0
2 years ago
Choose a real or made up example of a company, and describe at least three variable costs the company has.
Eduardwww [97]

Answer:

yoooo

Explanation:

4 0
3 years ago
Read 2 more answers
Sales total $320,000 when variable costs total $200,000 and fixed costs total $60,000. the sales volume is 5,000 units. the brea
sesenic [268]

Income Total $320,000 whilst variable expenses overall $2 hundred,000 and glued prices general $60,000. the sales volume is 5,000 gadgets. the breakeven point in income bucks is Sale 200000$

   

working

sale=400000$

VC= 300000$

Contribution=one hundred thousand/0.25

Contribution % to sales is 25%

BEP= Contribution = FC

FC=50000

Contribution % to sales is 25%

assume Sale is = X$ then

BEP= Contribution = FC

BEP= 25% of X$ = 50000$

X = 50000$/25%

X = 200000

The breakeven point is the point at which overall value and general sales are the same, meaning there's no loss or benefit to your small enterprise. In other words, you have reached the extent of production at which the charges of production equal the sales for a product.

The breakeven point in economics, business—and mainly price accounting—is the factor at which overall cost and overall revenue are the same, i.e. "even". there's no net loss or gain, and one has "broken even", even though possibility expenses have been paid and capital has received the risk-adjusted, expected return. This discernment is crucial as it's the most effective manner for an enterprise to decide if what it costs for its products and services will cover what it charges to make the products or provide the one's offerings.

Learn more about the breakeven point here: brainly.com/question/21137380

#SPJ4

8 0
1 year ago
Assume there must be one-to-one matching between consultants and projects. For the optimal schedule, what is the total number of
katrin2010 [14]

Complete Question:

The president of a consulting firm wants to minimize the total number of hours it will take to complete three projects for a new client. Accordingly, she has estimated the time it should take for each of her top consultants-Charlie, Betty, Johnny, and Rick-to complete any of the three projects, as follows: Project (Hours) Consultant Charlie 16 11 13 Betty 15 14 18 Johnny 22 12 15 Rick 17 12 22 Assume there must be one-to-one matching between consultants and projects. For the optimal schedule, what is the total number of hours it will take these consultants to complete these projects? Options: 46 hours, 61 hours, 53 hours, 54 hours, 50 hours

Answer:

For the optimal schedule, the total number of hours it will take these consultants to complete these projects is:

54 hours

Explanation:

a) Data and Calculations:

                                        Project (Hours)

Consultant             A            B            C          D   Project assignment

Charlie                   13           16           11          13    Charles takes C for 11      

Betty                       11           15           14         18    Betty takes A for 11

Johnny                   15          22          12         15    Johnny takes D for 15

Rick                        17           17           12         22   Rick takes B for 17

Minimum hours     11            15          11          13    Total hours taken 54

b) To achieve optimal schedule, Consultant Betty should take project A, spending 11 hours.  Consultant Charlie should take project C for 11 hours.  Consultant Johnny should take project D for 15 hours, while Rick takes project B for 17 hours.  This gives a total of 54 hours spent on the four projects.

8 0
3 years ago
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