Answer/Explanation:
<u>Raymond Corporation </u>
Inventory $ $
B/F 250,000
Add: Goods shipped to customers
on Dec. 29, 2021 8,000
Goods on consignment Dec. 31, 2021 <u>35,000
</u>
<u>293,000</u>
Less: Goods shipped/in transit on
Dec. 26, 2021 50,000
Goods shipped to customers on
Dec. 29, 2021 <u>8,000</u>
<u>58,000</u> <u>(58,000)
</u>
<u>235,000</u>
Raymond Corporation Inventory as at Dec. 31, 2021.
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Answer and Explanation:
An individual's customs beliefs and attitudes are directly related to the culture to which they belong and that culture is able to determine the forms of communication that an individual can present, showing how to behave and how to start a communication. Thus, these factors determine the beginning and the entire development of input comunication, as well as the elements that compose it.
Answer:
b. $212,000
Explanation:
The cost concept entails the initial recognition of an asset at the historical cost or actual cost of purchase.
For Focus company, the amount to be recorded for the land purchased from Donner company using the cost concept is not the market value of the land at $220,000 nor the initial offered price of $177,000.
The cost of another piece of land on the same block sold for $232,000 is also not the amount but the actual cost paid for the property which is $212,000.
Hence the right option is b. $212,000.
<span>This question suggests that the garment manufacturer uses grouped work stations. Instead of using a more streamlined process in which the material would move smoothly from cutting to sewing to pressing, the cutting machines are in a group in one place. Likewise, the sewing machines are in a separate area, as are the pressing machines.</span>