Answer: Skysong should report $284,600 as it's December 31 inventory.
Firstly, FOB is a term meaning free on board and can be defined as without charge to the purchaser for delivery on board a carrier (originally a ship), at a specified location or point. It is often used in such phrases as FOB destination to specify the point where the title of goods passes from the seller to the buyer.
Skysong should report $284,600 because that's the total sum of the actual inventory. Summation of $235,000 goods at hand, $27,800 of goods purchased from Pelzer Corporation, and $21,800 of goods sold to Alvarez Company gives $284,000.
Answer:
1.Owners are not agents of the corporation- True Managers and directors are the agents of the owners of the corporation. What owners do is not always on behalf of the corporation.
2. It is a separate legal entity.- True Corporate enjoy separate existence. Their assets and liabilities are different from that of their owners.
3. It has a limited life.- False Corporations have unlimite life. They continue to function even after the death of their owners.
4. Capital is more easily accumulated than with most other forms of organization.- True If a corporation needs capital, it cal raise money by issuing shares in the open market. People invest if the prospects are good and the company can gather more funds whenever required. It is also easier for a corporation to acquire loans.
5. Corporate income that is distributed to shareholders is usually taxed twice- True First the Income of the company is taxed which in a way..
this question/statement is true
Answer:
Value of x maximising profit : x = 5
Explanation:
Cost : C(x) = x^3 - 6x^2 + 13x + 15 ; Revenue: R(x) = 28x
Profit : Revenue - Cost = R(x) - C(x)
28x - [x^3 - 6x^2 + 13x + 15] = 28x - x^3 + 6x^2 - 13x - 15
= - x^3 + 6x^2 + 15x - 15
To find value of 'x' that maximises total profit , we differentiate total profit function with respect to x & find that x value.
dTP/dx = - 3x^2 + 12x + 15 = 0 ► 3x^2 - 12x - 15 = 0
3x^2 + 3x - 15x - 15 = 0 ► 3x (x +1) - 15 (x + 1) = 0 ► (x+1) (3x-15) = 0
x + 1 = 0 ∴ x = -1 [Rejected, production quantity cant be negative] ;
3x - 15 = 0 ∴ 3x = 15 ∴ x = 15/3 = 5
Double derivate : d^2TP/dx^2 = - 6x + 12
d^2TP/dx^2 i.e - 6x + 12 at x = 5 is -6(5) + 12 = - 30+ 12 = -8 which is negative. So profit function is maximum at x = 5
It is something with a circle
