Answer:
$89,000
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
The gross profit is the difference between the sales and the cost of goods sold. Given that Coronado's gross profit on sales has remained constant at 30%, the gross profit
= 30% × $3,200,000
= $960,000
Cost of goods sold = $3,200,000 - $960,000
= $2,240,000
$559000 + $ 2264000 - $2240000 = expected closing balance
expected closing balance = $583,000
Given that a physical inventory determined that ending inventory of $494000 was in the warehouse
The estimated cost of missing inventory
= $583,000 - $494,000
= $89,000
Answer:
B)monitoring competitors
Explanation:
Competitors monitoring can be regarded as SWOT analysis of the organization competitors, it helps in the awareness of moves that can be taken by the firm compititors such as as the marketing strategies, stock as well as as pricing policy. It should be noted that for a manager to initiate activities that will support environmental scanning. Monitoring competitors activity should be used by this manager for this purpose.
I think the answer is c because u make 500 thousand a year
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $768,000
Service Charge Expense A/c $32,000
To Accounts Receivable A/c $800,000
(Being the cash is received and the remaining balance is debited to the cash account )
The computation of the service charge expense is shown below:
= Accounts Receivable × service charge percentage
= $800,000 × 4%
= $32,000
Answer:
Sell now, the company will be better off by $18200
Explanation:
The computation is shown below:
Sales value after processing the product (26,000 × $14) $364,000
Less: sales value (26,000 × $8) $208,000
Increase in advantage due to processing $156,000
Less: processing cost ($174,200)
Net disadvantage of processing the product ($18,200)
As we can see the final answer comes in negative which means the product should be sold now
