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
telo118 [61]
3 years ago
5

Sandoval needs to determine its year-end inventory. The warehouse contains 20,000 units, of which 3,000 were damaged by flood an

d are not sellable. Another 2,000 units were purchased from Markor Company, FOB shipping point, and are currently in transit. The company also consigns goods and has 4,000 units at a consignee's location. How many units should Sandoval include in its year-end inventory?
A. 29,000
B. 21,000
C. 23,000
D. 19,000
E. 26,000
Business
1 answer:
docker41 [41]3 years ago
3 0

Answer:

C. 23,000

Explanation:

Inventory currently as the warehouse $20,000: less damaged stocks $3000.00

= $20,000.00-$3,000= $ 17,000.00

Add inventory not in the warehouse: i.e., Consignee and transits goods

=$2000 + $ 4000= $6000

Total year end inventory =  $17000+$ 6000

     =$23,000.00

You might be interested in
How do you spell ''the''
sergeinik [125]

Answer:

T-H-E

Explanation:

4 0
2 years ago
Read 2 more answers
Which of the following statements is true?a. The higher the maturity risk premium, the higher the probability that the yield cur
tia_tia [17]

Answer:

b. The most likely explanation for an inverted yield curve is that investors expect inflation to decrease

Explanation:

I have attached an image which plots the behavivour of a yield curve and inflation in a same period. As you can observe, there is an indirect relation between boths curves.

8 0
3 years ago
Saskatchewan Forestry Company purchased a timber tract for $225,000 and estimates that it will be depleted evenly over its 10-ye
ale4655 [162]

Answer:

generally you need to determine the cost per unit, but in this case you are given a percentage of depletion = 10% x $225,000 = $22,500  which determines the inventory value (or depletion expense if the timber is sold) during the year.

the journal entry should be:

December 31, 20xx

Dr Timber inventory 22,500

    Cr Accumulated depletion - timber tract 22,500

5 0
2 years ago
A trust is a legal document that explains how a person wishes his property to be transferred.
Kaylis [27]
This is TRUEEEEEEEEEEE
6 0
3 years ago
Read 2 more answers
1. Under the system of awarding damages for bodily injury, death, or damage to property based upon the negligence of a driver, v
svetlana [45]

Answer:

Pay

Explanation:

Auto liability insurance helps offset the costs of bodily injuries and property damages to the other driver. The principle applies if you are the one at fault in the of an accident.

Auto liability insurance coverage is mandatory by law. It covers the medical expenses of the other party. In some circumstances, it may cover lost wages and legal fees in case the other party files a lawsuit. It also covers the repair or replacement cost of the other drivers' car.

4 0
3 years ago
Other questions:
  • true or false: The european society in the 1400s was based on a strict social hierarchy, and few people rose above the social po
    15·1 answer
  • Chris, a manager, knows that one of his employees values achievement and power. Chris should assign the employee to a job that
    10·1 answer
  • Which of the following is true of profit maximization?
    10·1 answer
  • Compute net sales, gross profit, and the gross margin ratio for each separate case a through d. (Round gross margin ratio to 1 d
    9·1 answer
  • In Wisconsin, the way the state has balanced its budget led to large protests. Certain interest groups claimed that they have bo
    10·1 answer
  • Assume that demand for a commodity is represented by the equation P=10−0.2Qd. Supply is represented by the equation P=2+0.2Qs, w
    11·1 answer
  • Exercise 15-7 Crawford Corporation incurred the following transactions. 1. Purchased raw materials on account $53,000. 2. Raw Ma
    7·1 answer
  • Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $43,
    8·1 answer
  • The name of the Nobel prize-winning economist who argued against the Tragedy of the Commons thesis is ________.There is a short
    10·1 answer
  • What are the four types of consumer goods?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!