Answer:
Period-end Inventory = 1,710 units
Explanation:
Units in Ending Inventory
Units of Product on hand 1,300 units
Add:
Units in-transit 350 units
Units in-consignment 80 units
Less:
Damaged <u> (20) units</u>
Total units in period-end inventory= 1,710 units
Since the products are in transit and some products are out of consignment to the homestead crafts, therefore, both the products belong to them. Damage products need to removed to reduce the inventory balance.
Answer:
$900 is the correct answer
Explanation:
The reason is that according to the accrual basis the earnings must be realized when they are earned. In the question it is clearly stated that the earnings per month are $900 ($5400/6months). As services for the five months are delivered and the remainder left is of only one month. So the earnings that will be realized in the accounting books will be:
Dr Unearned Revenue $4500
Cr Revenue Earned $4500
Furthermore, the amount left in the unearned revenue account will be $900 ($5400-$4500).
Answer:
It means that your money will lose value as you will earn less interest than the grow in the inflation rate.
Explanation:
The inflation is the change on the prices of goods and services from a market basket as they become more expensive year by year. The Inflation rate of 3% suggest that the prices in the economy will increase a 3% at the end of the year while the interest on the money you have deposited in your bank account will gain only 0.5% at the end of the year.
Then the prices of good and services will growth faster than the growth in your savings. This situation makes that you lose purchase power with your money and therefore it will not be intelligent to keep the money in that savings account. The best thing to do is to search for another investment such a Term Deposit or Stocks.
Answer:
The correct answer is loss of $155,000.
Explanation:
According to the scenario, computation of the given data are as follow:-
West division’s net operating income if it’s continue = ($15,000 - $75,000)
= -$60,000
We can calculate the net operating income if west discontinue by using following formula:-
West division’s net operating income if it’s discontinue = Net Operating Income - Allocated Common Corporate Cost
= ($15,000 - 170,000)
= -$155,000 (Negative shows loss).
Hence, Loss of $155,000.
