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3241004551 [841]
3 years ago
13

Additional sales were made to Larry by Bird in 2018; inventory costing $24,000 was transferred at a price of $40,000. Of this to

tal, 30% was not consumed until 2019. Larry should record equity income in Worthy in 2018 of _______.
Business
1 answer:
Alona [7]3 years ago
7 0

Answer:

$11,200

Explanation:

As not mentioned in the account. It is Assumed that the Larry and Bird are related parties and Bird made a sale at a transfer price of $40,000 with $24,000 cost of inventory.

Bird can only recognize the equity up to the ratio of inventory used or sold by the related party.

As 30% was not consumed then consumption will be 70%, so 70% of the income is realized and it will be recorded.

Equity Income = $40,000 - $24,000 = $16,000

Realized Equity income = $16,000 x 70% = $11,200

* There is some ambiguity in the question given.

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Sholpan [36]

Answer:

The correct answer is E. Share of customer.

Explanation:

Customer participation reflects the way in which customers take part in the process and the degree to which they participate. It is especially important for many service processes, particularly if the contact with the customer is (or should be) high. A good starting point to increase customer participation is to make the process more visible to the customer. Allowing customers to see what normally remains hidden from their view is part of Harvey’s service design, a Canadian chain of fast food restaurants. There you can see the workers in a sanitary and orderly workplace roasting the meat, and one can choose the type of additional ingredients you want. An even bolder step is to allow customers to participate in selected backroom processes, in order to turn them into shown processes.

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4 years ago
I'll give brainliest if you help out
Archy [21]

i

Explanation:

you should sell your own shirts, jackets, pants, and etc.

6 0
3 years ago
Farber Corporation uses a job-order costing system. The information below is from the financial records of the company for last
Anvisha [2.4K]

Answer:

d) $300,000.

Explanation:

Paticulars Amount

Manufacturing costs + Beginning WIP = Ending WIP + Cost of Goods manufactured  

Let ending WIP be x  

Beginning WIP be 0.75x  

2,500,000 + 0.75x = x + 2,425,000  

2,500,000 - 2,425,000 = x - 0.75x  

75,000 = 0.25x  

x = 300,000

Therefore, The Work in Process inventory at December 31 was $300,000.

4 0
3 years ago
A change in which of the following will NOT shift the demand curve for hamburgers? the price of hot dogs the price of hamburgers
Arlecino [84]

Answer: The price of hamburgers

Explanation: Shift in demand curve refers to the situation when there is an increase or decrease in demand for a commodity, due to the factors other than change in price of that commodity. These factors include change in price of related goods, change in consumer preference or income etc.

Thus, from the above we can conclude that the right answer is price of hamburgers.

6 0
3 years ago
What would be the net present value of a microwave oven that costs $167 and will save you $76 a year in time and food away from
Luda [366]

Answer:

NPV of the microwave: 162.04

Explanation:

we will calcualte the present value of the microwave cost savings of 76 dollars per year using the annuity formula:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 76 dollars

time  5 years

rate   0.05

76 \times \frac{1-(1+0.05)^{-5} }{0.05} = PV\\

PV $329.0402

The net present value will be the present value less investment

329.04 - 167 = 162.04

4 0
3 years ago
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