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
Shalnov [3]
3 years ago
8

Bell Inc. took a physical inventory at the end of the year and determined that $830,000 of goods were on hand. In addition, Bell

, Inc. determined that $60,000 of goods that were in transit that were shipped f.o.b. shipping point were actually received two days after the inventory count and that the company had $90,000 of goods out on consignment. What amount should Bell report as inventory at the end of the year?
Business
1 answer:
Otrada [13]3 years ago
6 0

Answer:

Bell inc should report $980,000 as the total amount of inventory at the end of the year.

Explanation:

Given information -

Inventory that were on hands - $830,000

Inventory that was in transit - $60,000

Inventory that was out on consignment - $90,000

Here for taking out the total inventory all of the given above items would be added .

Inventory that was in transit would be added because these f.o.b. goods would be considered transferred from seller to buyer as soon as they are shipped, so it doesn't matter if they're received two days after the inventory count , they will be added.

Goods which are sent on consignment would also be added because goods would remain in the name of consignor ( Bell inc ) until they're sold by consignee ( an agent who has been hired by Bell inc to sell its goods )

Inventory at end of year - $830,000 + $60,000 + $90,000

                = $980,000

You might be interested in
What are some products and services that may be purchased by calling the eight companies customer service number
allochka39001 [22]

Answer:

Respond as quickly as possible.

Know your customers.

Fix your mistakes.

Listen to your customers.

Think long term – A customer is for life.

Deliver contextual-based support.

Innovate the customer journey.

Invest in human and automated service channels.

7 0
2 years ago
Which of the following would be the best allocation base for the Assembly​ activity? A. Direct labor hours hours B. Number of or
Elden [556K]

Answer:

The best allocation base for assembling activities costs are the number of parts actually assembled.

Since the number of parts is not an option int his question, the second best allocation base for the assembling process is A) direct labor hours.

If the process is highly automated, then the second best allocation base would be machine hours, but that isn't an option either.

8 0
3 years ago
Total revenue (TR) is:
poizon [28]
I think it’s d. but im so sorry if im wrong!
3 0
2 years ago
How should an organization design its structure and culture to obtain a core competence in manufacturing and in research and dev
nekit [7.7K]

Answer and Explanation:

core competency of an organization comprise it's multiple resource, capabilities and skills that gives it a competitive advantage in the market. It was originated in management theory by C. K. Prahalad and Gary Hamel.

For an organization to have core competencies in manufacturing and also research and development putting it's organizational structure and culture to use, it has to:

create a flexible and somewhat independent structure for it's research and development department such that innovation is easy. Control must be decentralized and the team must come first

For the manufacturing department, an organic and participative approach should be encouraged. This would allow inclusive management such that workers are included in decision making processes. Managers should also be given more independence while workers should increasingly be empowered

the organization should also take stringent measures in employing the right people for the research and development as well as the manufacturing department such that these individuals are qualified and possess the needed expertise for their areas. Staff should equally be empowered through constant education and new skill acquisitions and be allowed to impart this knowledge on other staff by encouraging transfers in global expansion.

6 0
3 years ago
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $750,000. It is estimat
Delvig [45]

Answer:

The net income is $150,500 and the return on assets is 20.06 %

Explanation:

The formula for computing net income and return on assets is shown below and the computation is also made.

Net income =  Sales revenue × Profit margin

                   = $2,150,000 × 7%

                   = $150,500

Return on assets = Net income ÷ total assets

                            = $150,500 ÷ $750,000

                            = 0.2006

                            = 20.06 %

Thus, the net income is $150,500 and the return on assets is 20.06 %

4 0
3 years ago
Other questions:
  • This element must be in a shape of a square set at a point and include a black hazard symbol on a white background with a red fr
    5·1 answer
  • A program in which students learn a specific skill for a particular job is called a(n)
    8·1 answer
  • A company’s prepaid expenses are $15,000 at the beginning of the year and $8,000 at the end of the year. What adjustment to net
    5·2 answers
  • At Spyglass Inc., a private eye firm, new hires are chosen with utmost care. The reputation of the company is to provide clients
    13·1 answer
  • The higher the forgetting rate associated with a brand, product category, or message, the lower the warranted level of repetitio
    10·1 answer
  • Which economic term is considered a resource?
    7·1 answer
  • After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $673,252 and Allo
    5·1 answer
  • Beyer Company is considering the purchase of an asset for $185,000. It is expected to produce the following net cash flows. The
    5·1 answer
  • Give at least five (5) names of entrepreneurs that you know, may it be from your locality or within the Philippines. Identify wh
    9·1 answer
  • When an employer hires an employee to enter into contracts on behalf of the employer, a ______ relationship typically exists.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!