Answer:
This error will decrease Howard's inventory by $6,000
Explanation:
Howard's inventory should include:
inventory on hand + goods purchased FOB shipping point + goods sold FOB destination point.
FOB shipping point means that the title of the goods is passed at the moment that they leave the seller's warehouse. FOB destination point means that the title of the goods is passed only after they have been delivered to the buyer's warehouse.
In this case, Howard purchased goods as FOB shipping point, so that means they should have been included in their inventory. Since they weren't, this error will decrease its inventory by $6,000.
So lets say we have two investment opportunities. A new convenient store in your neighborhood or a new shopping center more than 5 miles away from where you live... What would you invest in well lets look at the pros and cons of each investment. So even though the new convenient store is right around the corner from you and prices are low the new shopping center has better products, warranty and higher prices unlike the convenient store closer to you. So we have an investment budget of $1000 dollars and want to spend it wisely we need to access what has a better chance of being successful with what you put into it. So the convenient store will reach less people has a bargain price but also doesn't have security cameras. Even though the shopping center has great employees, top-of-the-line products, high security, and a great establishment but also has flaws. What are you gonna invest in, will you take risks? My personal opinion is that I would invest in the shopping center because more people would be attracted to it because of the quality of service and products. So it would have a better probability in success and good use of my money.
Answer:
IDKK EITHER OF WHAT YOU ARE ASKING IDK
Explanation:
I just got myself confused XD
It can be assumed that $104 worth of Supplies have been used?
Answer:
$231,140
Explanation:
The computation of the amount reported in the cost of goods sold is shown below:
= Number of pool cues sold × total manufacturing cost per pool cue
where,
Number of pool cues sold would be 26,000 pool cues
And, the total manufacturing cost per pool cue would be
= Direct Materials per cue + Direct manufacturing Labor per cue + Manufacturing Overhead per cue
= $2 + $6 + $0.89
= $8.89
Now put these values to the above formula
So, the value would be equal to
= 26,000 cues × 8.89
= $231,140
