Answer:
$262,000
Explanation:
Ending inventory = Goods on Hand + Cost Goods purchased from Marigold Corp + Cost of goods sold to Marigold Corp.
Ending inventory = $215,000 + $27,000 + $20,000
Ending inventory = $262,000
So, the amount that should Swifty report as its December 31 inventory is $262,000.
It's called an upselling
It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service
The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.
Answer:
Auditors Report
Explanation:
In the Auditor's report, the auditor expresses his level of satisfaction that whether or not the financial statement presented show the true and fair picture of the organization. The external auditor is also involved in the investigation of errors and frauds in the financial statements.
Answer:
Make since the relevant cost to make it is $58.35
Explanation:
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<u>The manufacturing cost will be:</u>
direct material 7.70
direct labor 23.70
Overhead 38.5 x 70% = 26.95
Total manufacturing cost 58.35
Allocated cost 11.55
The purchase cost is higher than our manufacturing cost of 58.35
It is better to make the unit.
The purchase option generates a differential loss for $4