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Talja [164]
3 years ago
14

"On August 5, 2018, Famous Furniture shipped 40 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set

was $350 each. The cost of shipping the dining sets amounted to $3,600 and was paid for by Famous Furniture. On December 30, 2018, the consignee reported the sale of 30 dining sets at $850 each. The consignee remitted payment for the amount due after deducting a 6% commission, advertising expense of $600, and installation and setup costs of $780. The amount cash received by Famous furniture is"
Business
1 answer:
VashaNatasha [74]3 years ago
4 0

Answer:

The correct answer is $22,590.

Explanation:

According to the scenario, the given data are as follows:

Sale value = $850

Sale unit = 30 units

So, Total sale value = $850 × 30 = $ 25,500

Now, Commission on sale = $25,500 × 6% = $1,530

So, we can calculate the amount cash received by famous furniture by using following formula:

Cash received = Total sale value - Commission value - Advertising cost - Setup cost

= $25,500 - $1,530 - $600 - $780

= $22,590

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In many cases, the causes of scope creep reflect a misfit between ____.Multiple Choicetraditional project management methods bei
11111nata11111 [884]

Answer:

<em><u>The correct answer is:</u></em> traditional project management methods being applied to high uncertainty projects

Explanation:

Scope creep are common in projects, but they can raise concerns because they mean increased time and expense.

Scope increase may occur when there is a mismatch between traditional project management methods being applied to projects of high uncertainty.

This mismatch can mean that the control is inflexible and being a project of high uncertainty, it is quite possible that there will be changes during the project that include other processes and ways to achieve the expected objective.

This situation can cause frustration among stakeholders and waste of time and money, which can be avoided with more effective control and greater clarity about the project's objectives.

5 0
3 years ago
Last year a large trucking company delivered 9.5 x 10^5 tons of goods with an average value of $20,000 per ton. What was the tot
Reika [66]
9.5 x 10^5 = 950.000
950.000 x 20.000 = 19.000.000.000
the decimal of 19.000.000.000 is 1.9 x 10^9

hope this help
7 0
2 years ago
Read 2 more answers
Prince Paper has budgeted the following amounts for its next fiscal​ year: Total fixed expenses $ 900 comma 000 Selling price pe
stepan [7]

Answer:

The effect on net operating income would be an increase of $137,900

Explanation:

Giving the following information:

Selling price $85

Variable expenses per unit $ 35

If Price Paper spends an additional $12,100 on​ advertising, sales volume should increase by 3,000 units.

To calculate the effect on income, we need to determine the incremental total contribution, and deduct the incremental fixed costs:

Effect on income= 3,000*(85 - 35) - 12,100= $137,900

8 0
3 years ago
On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000. It is payableover a 3-year term in $6000 princ
GaryK [48]

Answer:

B) Cash A/c Dr $18,000

          To Long-Term Notes Payable $18,000

Explanation:

Since we have to pass the journal entry for the beginning year, so we have to record the issued amount also,

The journal entry is shown below:

Cash A/c Dr             $18,000

    To Long-Term Notes Payable     $18,000

(Being long term notes payable)

The principal installment amount should not be considered in the recording of the journal entry. Hence, it is ignored.

3 0
2 years ago
A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has ___ goal(s) an
Trava [24]

Answer: single; quantitative

Explanation:

The discounted cash flow analysis is a method that is used to determine the value of a project, security, or assets by using time value of money.

The discounted cash flow analysis is used in real estate, investment finance, patent valuation etc. A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has single goal(s) and quantitative measures.

6 0
3 years ago
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