1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bogdan [553]
4 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]4 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.

You might be interested in
If a demand for a product is inelastic, the value of the price elasticity of demand is: Group of answer choices zero. equal to o
Vaselesa [24]

Answer:

less than one

Explanation:

In the case when the demand of the product is inelastic that means the value of the price elastic of demand would be less than one

Therefore as per the given situation the last option is correct

And, the rest of the options are incorrect

So the same is relevant

4 0
3 years ago
Letitia is a salesperson. She routinely sells at a lower volume than her colleagues. However, she offers excellent customer serv
Lina20 [59]

Answer: halo error

                                     

Explanation: In simple words, halo error refers to the mistake or bias that occur in the performance evaluation when someone evaluates other on the basis of their personal perception and not on the basis of the performance done by that individual.

In the given case, Letitia is evaluated above than others although she sells lesser volume than others. This happens due to the perception of her supervisor that customer service is more important.

4 0
3 years ago
Item 1 The economic development approach to the natural world suggests that sustainable business and sustainable economic develo
lana66690 [7]

The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability: FALSE

<h3>What is the economic development approach?</h3>
  • Economic development, on the other hand, is a multifaceted process that includes significant changes in social structures, public attitudes, and national institutions, as well as the acceleration of economic growth, the decrease of inequality, and the abolition of absolute poverty.

Therefore, the given statement "the economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability" is completely FALSE.

Know more about the economic development approach here:

brainly.com/question/13859230

#SPJ4

Complete question:

The economic development approach to the natural world suggests that sustainable business and sustainable economic development seek to create new ways of doing business in which business success is measured in terms of economic, ethical, and environmental sustainability.

TRUE or FALSE.

3 0
2 years ago
A production process has six subsequent stages, each with their own specific resources and performing crucial tasks. Four of the
Anestetic [448]

Answer: Both stages with a capacity of 10 units per hour can be considered bottlenecks.

Explanation:

From the information given in the question, the best conclusion is that both stages with a capacity of 10 units per hour can be considered the bottlenecks.

It should be noted that the bottleneck in the chain of processes, is the one that has the limited capacity and this then reduces the capacity of the whole chain and slows down production.

4 0
3 years ago
Jasper is a self-employed businessman. on march 5, 2015 he purchases a personal computer for use at his home. he uses the comput
g100num [7]
Jasper could most certainly claim depreciation on the computer that is, 50% of it plus 50% of the purchase price and I know because I am self-employed too and I know that legitimate office expenses like a new printer, printer paper etc can be claimed according to the amount used for the business.
7 0
3 years ago
Other questions:
  • Sweet Stuff Sugar Source ships product all over the world. Since the product it ships has a low value-to-weight ratio, transport
    10·1 answer
  • Making adjustments to general ledger accounts is an application of the Matching Expenses with Revenue accounting concept.
    15·1 answer
  • For retirement, identifying which of the following most correlates with generating income for retirement? A. Tangible assets B.
    14·1 answer
  • Johnny Cake Ltd. has 8 million shares of stock outstanding selling at $20 per share and an issue of $40 million in 8 percent ann
    13·1 answer
  • Economies of scope Question 21 options: stem from the cost-saving efficiencies of scattering a company's manufacturing/assembly
    6·2 answers
  • Stephanie's current employer does not offer a retirement plan. What is the best option available for her to save for retirement?
    9·1 answer
  • Improving your flexibility can benefit you in many ways. It can help you execute precise and difficult maneuvers better in sport
    15·1 answer
  • Mauve Inc. purchased a global data collection and management system that provides detailed information about each of its custome
    15·1 answer
  • discuss money supply and inappropriate government policies as causes of fluctuations in business cycles​
    11·1 answer
  • _____ is a strategic-management tool that helps an organization take stock of its internal characteristics and assess the extern
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!