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Bogdan [553]
3 years ago
12

How is a significant amount of consignment inventory reported in the balance sheet? a)The inventory is reported separately on th

e consignor's balance sheet. b)The inventory is combined with other inventory on the consignor's balance sheet. c)The inventory is reported separately on the consignee's balance sheet. d)The inventory is combined with other inventory on the consignee's balance sheet.
Business
1 answer:
Georgia [21]3 years ago
4 0

Answer: Option A

               

Explanation: Consignment refers to a business arrangement under which an an individual or an entity sends its goods to some other entity ,acting as an agent, to sell their goods. The sender is called the consignor and that agent acting on behalf is the consignee.

The profit from the sale goes to the consignor while the consignee gets other benefits like commission.

Thus, the goods actually belongs to the consignor therefore the inventory of those goods will be shown in the consignors balance sheet.

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Red Builders agrees to construct a new building for Blue Co. for a total contract price of $6,000,000. The estimated constructio
Evgesh-ka [11]

Answer: $300,000

Explanation:

Total expected costs = cost incurred to date + estimated cost to complete

                                   = 1,200,000 + 3,600,000

                                   = 4,800,000

Percentage of completion=\frac{Cost\ incurred\ to\ date}{Total\ expected\ cost}\times 100

Percentage of completion=\frac{1,200,000}{4,800,000}\times 100

                                                 = 0.25

                                                 = 25%

Profit = contract revenue - Total expected costs

         = $6,000,000 - 4,800,000

         = $1,200,000

Cumulative gross profit = Profit × Percentage of completion

                                       = $1,200,000 × 0.25

                                       = $300,000

Therefore, Red Builders should have recognized profit at the end of year 1 in the amount of $300,000.

4 0
3 years ago
When conducting a formal marketing/sales event, there are elements that you must cover in order for your presentation to be comp
fredd [130]

There are several elements that need to be covered when conducting a formal marketing/ sales event except A. providing a list of plans that have the same star rating.

<h3>How can you be compliant when conducting a formal marketing/sales event?</h3>

It is important that several different plans are offered because consumers have different types of needs.

A complete plan presentation should also be provided to ensure that consumers know what they are getting into.

You do not however have to provide plans that have the same star ratings as the plan being presented on.

Options for this question include:

A. providing a list of plans that have the same star rating.

B. providing a complete plan presentation.

C. providing different plans

Find out more on formal sales events at brainly.com/question/24370156.

#SPJ1

3 0
2 years ago
Interest on a Note Payable is most appropriately accrued:_____________
Thepotemich [5.8K]

Answer: Interest on a Note Payable is most appropriately accrued: "B. as of the end of each accounting period during which the note is a liability.".

Explanation: As long as the Note Payable remains a liability and has not yet reached its due date, according to the accrual principle, at the end of each accounting period the accrued interest must be recognized, and when the Note payable reaches its expiration it must remain with balance 0 the interest not accrued account.

8 0
3 years ago
17. Functions of a business. Name and explain
ivanzaharov [21]

Answer:

Glossary

Explanation:

Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions

7 0
3 years ago
Which of these is an example of "serving the bottom of the pyramid"? a. Car-a-Go-Go Inc. is an MNC that specializes in luxury ca
inysia [295]

Answer:

Option B is Correct.

Explanation:

Serving the bottom of the pyramid means carrying in goods that are inexpensive by that class of the budget where individuals cannot afford luxuries like several advanced countries. They cannot afford high charges and would exploration for something affordable. Among the given examples Radical computer corp. which definite to build reasonable computers and install wireless arrangement to assist the humblest in getting these amenities which they generally cannot afford serves as an example of attending the bottom of the pyramid. Hence the answer is B

4 0
3 years ago
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