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
Gwar [14]
3 years ago
8

For each of the following cases determine the ending balance in the inventory account. (Hint: First, determine the total cost of

inventory available for sale. Next, subtract the cost of the inventory sold to arrive at the ending balance.) a. Jill’s Dress Shop had a beginning balance in its inventory account of $45,500. During the accounting period, Jill’s purchased $91,500 of inventory, returned $6,100 of inventory, and obtained $860 of purchases discounts. Jill’s incurred $1,220 of transportation-in cost and $710 of transportation-out cost. Salaries of sales personnel amounted to $36,500. Administrative expenses amounted to $41,100. Cost of goods sold amounted to $93,300.
Business
1 answer:
Anna71 [15]3 years ago
8 0

Answer:

The ending balance in the inventory account is $37,960

Explanation:

For computing the ending balance, first we have to compute the cost of inventory which is available for sale

So, the cost of inventory which is available for sale equals to

=  Beginning balance of inventory + purchased - purchase return - purchase discount + in transportation cost

= $45,500 + $91,500 - $6,100 - $860 + $1,220

= $131,260

Now the ending inventory would be

= Cost of inventory which is available for sale -  Cost of goods sold

= $131,260 - $93,300

= $37,960

You might be interested in
Why should a person care about his or her credit report?
Doss [256]

Answer: credit scores can help you better understand your current credit position.

4 0
2 years ago
Cyclical unemployment refers to A. the relationship between the probability of unemployment and a worker's changing level of exp
kakasveta [241]

Answer: Option C  

Explanation: The situation when the total demand for goods and services is unable to support the full employment level, then the unemployment arising from such a situations is called cyclical unemployment.

It is a natural phenomenon in every economy as the market forces of demand and supply operate on a very high level and are impossible to control completely.

This type of unemployment always exist in an economy to some extent due to the trends or inflation or deflation.

Thus, from the above we can conclude that the correct option is C.

7 0
3 years ago
Paying only the minimum balance on your credit card can lead to...
Darya [45]

Answer:

Payment of more interest in future and extension in the term of debt

Explanation:

Credit cards refer to plastic money.Such cards grant the holder the facility to withdraw and make payments greater than their balance of money in the account. Credit cards grant liquidity to the holder but at the same time, the holder is required to pay interest if the money drawn in excess is not paid back to the issuer within a stipulated time.

Minimum balance payment refers to that threshold limit of payment required which keeps the credit card and credit limit operational.

Paying a minimum balance eliminates late fee but interest will have to be paid on the balance remaining outstanding. So gradually, as one keeps paying only the minimum balance, the amount remaining unpaid would rise and thus, the interest to be paid on such outstanding amount shall rise too.

Also, with increasing outstanding dues, the debt term i.e the period by which the holder pays off the entire money due along with interest, will extend. So minimum balance payment may save funds initially, but has adverse long term implications.

5 0
3 years ago
Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government s
viktelen [127]
<span>Economists differ in their views of the role of the government in promoting economic growth. at the very least, the government should lead the country.</span>
4 0
3 years ago
A company has several internal-only, web-based applications on the internal network. Remote employees are allowed to connect to
aalyn [17]

Answer:

The changes to BEST counter the threat presented in this scenario is  Implement NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.

Explanation:

Implementing Network access Control NAC to check for updated anti-malware signatures and location-based rules for PCs connecting to the internal network.Network Access Control (NAC) is the best reedy that will not alter the existing work schedule in place.

This approach to computer security will unify endpoint security technology such as antivirus, host intrusion prevention, and vulnerability assessment for all users and foster stronger system authentication.

NAC will reinforce and strengthen the network security in order to prevent internal server issues from any contractor or employee henceforth.

7 0
3 years ago
Other questions:
  • Mega Mart is a part of a business unit that has grown very slowly over the years. According to your local business newspaper, th
    10·1 answer
  • Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the clos
    14·1 answer
  • Is product packaging an important part of product planning
    11·1 answer
  • A corporation choosing to follow a stability strategy would probably want a person with a conservative style, a production or en
    6·1 answer
  • 1. Suppose that Intel is considering building a new chip-making factory. Assuming that Intel needs to borrow money in the bond m
    7·1 answer
  • This law prohibits employment discrimination against qualified individuals with disabilities in the private sector, and in state
    12·1 answer
  • A bond with face value $1,000 has a current yield of 6% and a coupon rate of 8%. a. If interest is paid annually, what is the bo
    5·1 answer
  • Benefits like improved water quality and air quality, increases in biodiversity and habitat protection, and reductions in greenh
    10·1 answer
  • In a market system, the allocation of scarce goods involves the consideration of multiple choice 1 what must be sacrificed in us
    10·1 answer
  • Using the straight-line method, depreciation for 2024 and book value on december 31, 2024, would be:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!