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
Brut [27]
3 years ago
15

Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $165,000 were on hand. Not included i

n the physical count were $20,400 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,400 of goods sold to Alvarez Company for $28,000, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Sheffield report as its December 31 inventory?
Business
1 answer:
Marina86 [1]3 years ago
4 0

Answer: $272,570

Explanation:

You might be interested in
Wild Flowers Express has a debt-equity ratio of .60. The pretax cost of debt is 9 percent while the unlevered cost of capital is
andre [41]

Answer:

0.1631 ; 16.31%

Explanation:

Given:

Cost of capital = 14% = 0.14

Debt to equity ratio = 60% = 0.6

Cost of debt = 9% = 0.09

Tax rate = 23% = 0.23

Cost of equity : cost of capital + debt - to - equity ratio * (1 - tax rate) * (cost of capital - cost of debt)

Cost of equity = 0.14 + 0.60 × (1 - 0.23) × (0.14 - .09)

Cost of equity :

0.14 + 0.60 * 0.77 * 0.05

0.14 + 0.0231

= 0.1631 ; 0.1631 * 100% = 16.31%

4 0
2 years ago
g Romans sells the Regular blend for $3.60 per pound and the DeCaf blend for $4.40 per pound. Romans would like to place an orde
Karolina [17]

Romans Food Market, located in Saratoga, New York, carries a variety of specialty foods from around the world. Two of the stores leading products use the Romans Food Market name: Romans Regular Coffee and Romans DeCaf Coffee. These coffees are blends of Brazilian Natural and Columbian mild coffee beans, which are purchased from a distributor from New York City. Because Romans purchases large quantities the coffee beans may be purchased om an as need basis for the price of 10% higher than the market price the distributor pays for the beans. The current market price is $0.47 per pound for Brazilian Natural and $0.62 per pound for Columbian Mild The composition of each coffee blend are as follows:

                                                             

Bean Regular                 DeCaf                      Blend

Brazilian Natural               75%                      40%

Columbian Mild                 25%                      60%

Romans sells the Regular blend for $3.60 per pound and the DeCaf blend for $4.40 per pound. Romans would like to place an order for the Brazilian and Colombian coffee beans that will enable the production of 1000 pounds of Romans Regular coffee and 500 pounds of Romans DeCaf coffee. The production cost is $0.80 per pound for the Regular blend. Because of the extra steps required to produce DeCaf, the production cost for the DeCaf blend is $1.05 per pound. Packaging costs for both products are $0.25 per pound. Formulate a linear programming model that can be used to determine the pounds of Brazilian Natural and Colombian Mild that will maximize the total contribution to profit.

Answer:

\mathbf{Max \ Z =  2.033 BR + 2.583 BD + 1.868 CR + 2.418 CD}

Explanation:

From the given information:

The total revenue can be illustrated as :

Total revenue = 3.6 BR +  4.4 BD + 3.6 CR + 4.4 CD

On the other hand; the total cost  of the beans is:

= 1.1 (0.47 BR  + 0.47 BD + 0.62 CR + 0.62 CD)

=  0.517  BR + 0.517 BD + 0.682 CR + 0.682 CD

Also; The total production cost is :

= 0.8 BR + 1.05 BD + 0.8 CR + 1.05 CD

The total profit  = Total revenue - Total Cost of Beans - Total Production Cost

The total profit  =  \left[\begin{array}{}3.6 BR   + 4.4 BD + 3.6 CR + 4.4 CD\\- (0.517  BR + 0.517 BD + 0.682 CR + 0.682 CD)\\-(0.8 BR + 1.05 BD + 0.8 CR + 1.05 CD)\end{array}\right]

The total profit  = 2.033 BR + 2.583 BD + 1.868 CR + 2.418 CD

Therefore the  linear programming model represents the Objective function of the total profit as:

\mathbf{Max \ Z =  2.033 BR + 2.583 BD + 1.868 CR + 2.418 CD}

3 0
3 years ago
Black & decker uses a __________ strategy to reach the "do-it-yourself" market with the black & decker brand name and th
sp2606 [1]
Advertising campaign strategy
3 0
3 years ago
Sheila receives a merit scholarship to cover part of her private college tuition. Her parents have a low income, poor credit, an
vfiekz [6]

Answer:

The correct answer would be D, Sheila's parents will qualify for a Plus loan because of their low income.

Explanation:

PLUS loan stands for Parents Loan for Undergraduate Students. It is the loan given to the parents of the students who are graduating with the college. It can be a post secondary loan. This loan is given to the students who cannot afford to meet the expenses of their studies as well as of other activities like books, notes, handouts etc. This loan is given to the parents of the students who have low incomes and can't afford to finance their child's education.

8 0
3 years ago
To cater to the growing demand for luxury automobiles, Italy agrees to buy 5,000 cars from Comfort Cars Inc. in exchange for 5,0
kupik [55]

Answer: barter

Explanation:

Barter is an exchange system whereby money isn't used as the medium of exchange but rather, there's a direct exchange of goods or services.

From the question, we are given the information that Italy agrees to buy 5,000 cars from Comfort Cars Inc. in exchange for 5,000 barrels of oil. This shows that a barter system took place.

7 0
3 years ago
Other questions:
  • Drag the tiles to the correct boxes to complete the pairs.
    14·1 answer
  • Everything at the small sit-down dinner party has gone beautifully. You go to finish off the evening with a flare by bringing in
    8·1 answer
  • What is the total Cost of Goods Sold for December 31, 2016 if a manufacturer has the following account balances at December 31,
    11·1 answer
  • The Bretton Woods institutions are reflective of a ________ economic perspective. a. constructivist b. statist c. liberal d. mer
    7·1 answer
  • The sole responsibility of management with regard to financial reporting involves preparing and presenting financial statements
    10·1 answer
  • Sometimes a country’s laws forbid foreigners from owning a business in the nation. In the presence of such laws, a(n) ________ i
    7·1 answer
  • Sylvan, the seller, and Eric, the buyer, have signed an option agreement, which is an offer to purchase a specific piece of real
    11·1 answer
  • Social media experts suggest that you use other means of communicating claims or complaints before turning to social media. Mess
    15·1 answer
  • The demand curve for a monopolistically competitive firm is downward sloping because
    8·1 answer
  • Why did hans bethe argue against the strategic defense initiative (sdi) program?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!