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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.

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Negotiation is gendered in that the qualities of bargainers such as analytic rationality and strategic thinking are linked to:__
Agata [3.3K]

Answer:

Masculinity.

Explanation:

Negotiation can be defined as the process in which a buyer and a seller of goods and services reach a compromise on the price or amount of money to be paid. Negotiations in business depicts a win-win situation for both the buyer and seller.

Negotiation is gendered in that the qualities of bargainers such as analytic rationality and strategic thinking are linked to masculinity.

This ultimately implies that, when it comes to negotiating the price of an item or a product, the male bargainers (customers) are considered to be more rational by comparing products with existing products and prices, as well as being strategic in thoughts through the consideration of alternatives.

8 0
3 years ago
Sage, Inc. had net sales in 2017 of $1,432,200. At December 31, 2017, before adjusting entries, the balances in selected account
Serjik [45]

Answer:

Debit Bad debts expense $23,000

Credit Allowance for Doubtful Accounts $23,000

Explanation:

At December 31, 2017,

Bad debts is estimated:

8% x $325,000 = $26,000

Before adjusting, Allowance for Doubtful Accounts $3,000 credit. The company use aging method to estimate bad debts expense and Allowance for Doubtful Accounts. Bad debts expense amount will be record:

$26,000 - $3,000 = $23,000

The Journal entry:

Debit Bad debts expense $23,000

Credit Allowance for Doubtful Accounts $23,000

4 0
3 years ago
The price elasticity of supply measures how Multiple Choice easily labor and capital can be substituted for one another in the p
Artyom0805 [142]

Answer:

Yes

Explanation:

Cause an increase in price causes increase in goods produced

5 0
3 years ago
Miguel is 25 years old, has low financial health, a long time horizon and a high risk
arlik [135]

Answer:

A. 85% stocks and 15% bonds/cash equivalents.

Explanation:

Being that Miguel is 25 years old, he has a very long time horizon over which his investments can grow. The fact that he has a low financial health means that he needs to adopt an aggressive investment strategy and that complements his high tolerance for risk. Investing majority of his assets should be in stocks since stocks are riskier than bonds and a small proportion in the latter. Therefore, 85% in stocks and 15% in stocks and cash equivalents would be ideal.

7 0
3 years ago
The accounting records for Sports-R-Us, a superstore targeted at armchair athletes, showed that it had bought and received $1,83
Reptile [31]

Answer:

Sales

Explanation:

If the accounting records for Sports-R-Us, a superstore targeted at armchair athletes, showed that it had bought and received $1,830,000 worth of merchandise.

And An actual count of the merchandise in the store showed only $1,644,000 worth of merchandise in stock.

The other information is needed to calculate inventory shrinkage  is sales for the period.

Before we can conclude on the level of inventory shrinkage, we must deduct sales from purchases to know the value of closing inventory which will be compared with the actual count.

5 0
3 years ago
Read 2 more answers
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