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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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According to dr. w. edwards deming's quality movement, quality efforts need to be _____ and _____ improved.
natka813 [3]

According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.

Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.

In the 1930s, Deming was intrigued by the idea of ​​using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.

Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.

Learn more about  Deming here brainly.com/question/26326939

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5 0
2 years ago
Bob sold goods for $100 to a charge customer. The customer returned for credit $ 50 worth of goods. Terms of the sale were 3​/10
aev [14]

Answer:

The customer should​ pay $48.5

Explanation:

Terms of sale 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

As per given data

Sale = $100

Sales return = $50

Receivable = $100 - $50 = $50

As the payment is made within discount period, so discount will be availed on the amount due

Discount = $50 x 3% = $15

Payment by Customer = $50 - $1.5 = $48.5

5 0
3 years ago
Payback period computation; even cash flows LO P1
uranmaximum [27]

Answer:

A. 2.2 years

B. 3.6 years

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

Payback = amount invested / annual cash flows

Payback period is calculated using cash flows. So, the net income has to be changed to cash flows by adding back depreciation.

For the first machine

Straight line depreciation expense = (Cost of asset - salvage value) / number of years

( $520,000 - $10,000) / 6 = $85,000

Cash flow = $85,000 + $150,000 = $235,000

For the second machine, depreciation = ( $380,000 - $20,000) / 8 = $45,000

Cash flow = $45,000 + $60,000 = $105,000

Payback period for machine a = $520,000 / $235,000 = 2.2 years

Pay back period For machine b =

$380,000 / $105,000 = 3.6 years

I hope my answer helps you

3 0
3 years ago
The U.S. award that recognizes firms that meet customer needs, produce high quality products and have high quality internal oper
telo118 [61]
That's the Malcom Baldrige National Quality Award!
6 0
3 years ago
Read 2 more answers
The advantages of storing data in a relational database include which of the following: A. Help in enforcing business rules. B.
Debora [2.8K]

Answer:

The correct answer is (A and C)

Explanation:

Storing data is important for businesses as it helps to record everything, and it can be used at any time to ensure transparency and integration. Relationship database is a mean of storing data which helps to apply business rules and regulations across every operation. Likewise, it also helps to inline all the operations to integrate business processes.

6 0
3 years ago
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