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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

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On December 31, 2018, Wellstone Company reported net income of $73,000 and sales of $202,000. The company also reported beginnin
erma4kov [3.2K]

Answer:

$191,000.00

Explanation:

The cash amount of cash collected from customers is the amount of sales revenue in the year 2018 adjusted for changes in accounts receivable balances as shown by the formula below:

cash collected from customers=sales revenue+begining accounts receivable-ending accounts receivable

sales revenue=$202,000

the begining accounts receivable=$16,500

the ending accounts receivable=$27,500

It is expected that cash received would be sales less the increase in accounts receivable

cash collected from customers=$202,000+$16,500-$27,500

cash collected from customers=$191,000.00

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3 years ago
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A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?
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Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $4,575 Interest e
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Answer:

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b. 1.50 times

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Explanation:

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