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Archy [21]
3 years ago
9

As a result of a thorough physical inventory, Coronado Company determined that it had inventory worth $321000 at December 31, 20

20. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $46300 on its sales floor that belong to Coronado but are being sold on consignment by Walker. The selling price of these goods is $75000. Coronado purchased $21100 of goods that were shipped on December 27, FOB destination, that will be received by Coronado on January 3. Determine the correct amount of inventory that Coronado should report.
Business
1 answer:
Helga [31]3 years ago
5 0

Answer:

The correct cost of inventory that Coronado should report is $367300

Explanation:

The goods sent on consignment still belong to the consignor until they are sold off by the consignee. So, the consignor should add the unsold consignment goods in its inventory. Thus we will add the cost of goods sent on consignment to the value of inventory.

Value of inventory = 321000 + 46300 = $367300

The goods purchased by Coronado on 27 December with FOB destination should not be added to the cost of inventory as with FOB destination terms, the goods do not belong to the buyer until they are delivered to their destination by the seller.

Thus, the correct cost of inventory that Coronado should report is $367300

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In some states, judges have cited equality, a value shared by most Americans, in arguing against funding disparities between school districts created by a reliance upon property taxes in education.

The basis of equality thinking was laid by French philosophers such as Voltaire, Rousseau and Denis Diderot. The foundation of egalitarianism can be found in the American Declaration of Independence, which was largely drafted by Thomas Jefferson and which was adopted by representatives of the then 13 British colonies on the American East Coast on July 4, 1776.

Traditional equality thinking is characterized by being equal not only in their rights, but also in their opportunities, rights to opportunities in education and work and all other areas of economic and social life.

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2 years ago
Suppose, before the 2016 presidential elections, the League of Women Voters wanted to sponsor a three-way debate among the leadi
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Answer:

No. Clinton would lose the right to use that time.

Explanation:

As you may already know, during a presidential election it is common for candidates to participate in debates. These debates allow them to express their views on important factors in national politics, as well as giving these candidates the opportunity to present their political ideas, what they stand for and why they deserve your vote.

The debates must be held in a democratic way, allowing all candidates to have equal opportunities in terms of time and condition to speak. Within a debate, the time set aside for one candidate must be equal to the time set aside for the other, however, if one of the candidates refuses to participate in the debate, he / she loses the right to that time and cannot use it in a ground cover to promote your company.

6 0
3 years ago
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in class, we considered the issue of the "intensity of distribution." A concern we have is "how many" outlets should we have. Th
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Answer:

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