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
Reptile [31]
3 years ago
8

View Policies Current Attempt in Progress Metlock, Inc. took a physical inventory on December 31 and determined that goods costi

ng $230,000 were on hand. Not included in the physical count were $32,000 of goods purchased from Whispering Winds Corp., FOB, shipping point, and $24,500 of goods sold to Coronado Industries for $32,000, FOB destination. Both the Whispering Winds purchase and the Coronado sale were in transit at year-end. What amount should Metlock report as its December 31 inventory? $ Ending Inventory eTextbook and Media Attempts: 0 of 4 used Save for Later Submit Answer
Business
1 answer:
monitta3 years ago
5 0

Answer:

The amount should Metlock report as its December 31 inventory is $286,500.

Explanation:

Ending inventory = Phusical count + goods purchased in transit FOB shipping + cost of goods sold in transit FOB destination

                              = 230000 + 32000+ 24500

                             = $286,500

Therefore, The amount should Metlock report as its December 31 inventory is $286,500.

You might be interested in
John's friend just gave him a pair of concert tickets to see his favorite rock group perform this weekend. Each ticket sells for
Len [333]

Answer:

$80 lost for not working

Explanation:

Opportunity cost refers to the sacrificed benefits as a result of preferring on a particular option over another. As people make choices, the forfeit one option in favor of another. Opportunity cost is the missed value of the next best alternative.

For John, he has a choice between working or going to the concert.  He has two tickets worth $50. Working would mean her twice her regular income, which is $20 per hour. If he works for four hours, his total earning will be $80. If John chooses to go to the concert, he will miss the opportunity to earn $80. The opportunity cost will be the missed $80 that he would have received from working.

6 0
3 years ago
Using the summary of the accident, calculate the total dollar value of the property damage
NARA [144]

Answer:

The summary of the accident, calculate the total dollar value of the property damage  Stephanie caused is explained below in detail.

Explanation:

The term 100/300/100 coverage indicates that a character has coverage of $100,000 physical damage mortgage coverage per person, $300,000 total physical damage mortgage insurance per accident, and $100,000 property loss accountability per accident.

So, in case Stephanie prompted a property and accident destruction, then $1,00000 will be sustained by the insurance corporation and above this value, it will be paid by Stephanie.

8 0
3 years ago
Hodgkiss mfg., inc., is currently operating at only 94 percent of fixed asset capacity. current sales are $740,000. how fast can
tangare [24]

Sales grow before any new fixed assets are needed is $156,480.

Fixed assets , additionally known as lengthy-lived assets or property, plant, and equipment, are a time period utilized in accounting for belongings and belongings that cannot without difficulty be converted into cash. fixed properties are one of a kind from modern assets, along with coins or bank accounts, due to the fact the latter is liquid belongings.

currently operating = 94 percent

current sales = $740,000

Full capacity sales = current sales/ Current capacity utilisation

                               = 500000/0.94

                               = $531,914.89

Percentage of fixed assets to full Capacity Sales = Fixed Assets / full Capacity Sales

                                                                                 = 400000/531914.89

                                                                                 = 0.752

Total Fixed assets Needed for New Sales = 74000*0.752

                                                                      = 556480

Additional Fixed Assets needed = 556480 - 400000

                                                      = $156,480   answer.

Learn more about fixed assets here:-brainly.com/question/25746199

#SPJ4

7 0
1 year ago
A wealthy individual has set up a grat. should she die during the time the trust is active, how are the remaining assets in the
Leto [7]

A wealthy individual has set up a grat. should she die during the time the trust is active, the original value plus any appreciation is taxed as part of the grantor's estate.

Taxes are mandatory contributions levied on individuals or groups through a central authority entity—whether or not neighborhood, local, or countrywide. Tax sales finance authorities sports, together with public works and offerings which includes roads and colleges, or programs including Social security and Medicare.

A tax is a mandatory fee or financial rate levied by using any authority on a man or woman or a company to accumulate revenue for public works supplying quality facilities and infrastructure. The amassed fund is then used to fund different public expenditure applications.

Learn more about tax here:brainly.com/question/26316390
#SPJ4

4 0
2 years ago
Justin and Edwardo were hired by the same network support firm. One year later, Edwardo receives a promotion to team leader. Jus
alexira [117]

Answer:

Team skills

Explanation:

Team skills are the qualities that enable one to work well with colleagues in projects and other collaborations. Having teamwork skills gives one the ability to work amicably with fellow workers, superiors, and clients.

Teamwork involves assisting the team in achieving its objectives quickly and efficiently. Employers favor employees who can lead a well-gelled team. Eduardo got the promotion because he was better with the team.

Some qualities of teamwork skills include.

  1. Communication skills
  2. Support skills
  3. Problem-solving skills
  4. Conflict resolution skill
  5. Listens and feedback skill
7 0
3 years ago
Other questions:
  • Why is the block letter format commonly used for business letters​
    7·2 answers
  • For the following questions, you need to determine whether each of the four factors given creates a positive demand shock, a neg
    11·1 answer
  • What service does the acfe provide to allow individuals to anonymously report allegations of ethical violations, fraud, waste, a
    13·1 answer
  • Because services like cruises and car rentals are perishable, many marketers use
    13·1 answer
  • Claire wanted to tell her employees about the seminar, but she put the flier in a stack of papers and forgot about it until afte
    10·1 answer
  • What could you do if your expenses each month continue to be more than your income ?
    11·1 answer
  • 1) What usually initiates data input into a system? A) The transaction system automatically checks each hour to see if any new d
    13·1 answer
  • use numerical method to calculate BEP of a wine company that sells a 1000 litres of wine per week at R12 per litre. They produce
    9·1 answer
  • Kitchen chairs are purchased wholesale for $36 each by a discount furniture store. Then, the store marks up the chairs by 60 per
    14·1 answer
  • a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market..
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!