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
blsea [12.9K]
4 years ago
6

The records for the Clothing Department of Metlock’s Discount Store are summarized below for the month of January. Inventory, Ja

nuary 1: at retail $24,800; at cost $16,600 Purchases in January: at retail $136,600; at cost $78,695 Freight-in: $7,100 Purchase returns: at retail $3,000; at cost $2,200 Transfers in from suburban branch: at retail $13,000; at cost $9,300 Net markups: $8,100 Net markdowns: $3,900 Inventory losses due to normal breakage, etc.: at retail $500 Sales revenue at retail: $94,300 Sales returns: $2,500 Compute the inventory for this department as of January 31, at retail prices.
Business
1 answer:
Leviafan [203]4 years ago
7 0

Answer:

$83,300

Explanation:

Total at retail:

= Beginning inventory + Purchases - Purchase return + Transfers in from suburban branch

= $24,800 + $136,600 - $3,000 + $13,000

= $171,400

Ending inventory at retail:

= Total at retail + Net markups - Net markdowns - (sales - sales return) - Normal shortage

= $171,400 + $8,100 - $3,900 - ($94,300 - $2,500) - $500

= $171,400 + $8,100 - $3,900 - $91,800 - $500

= $83,300

You might be interested in
The aggregate demand curve is downward sloping because
SSSSS [86.1K]

Answer:

D. an increase in the price of a good causes a decrease in market demand for that good.

Explanation:

First, if prices decrease, then people will feel wealthier and consume more and the aggregate demand increases. (Pigou´s effect)

Second, if interest rates decrease available domestic investors will  invest in foreign countries where return (interest rates]) on investments are higher. If domestic investors invest in foreign countries the supply of dollars will increases. This will decrease the real exchange rate and then exports will be affected in a positive way; exports will increase and thus the aggregate demand.

Third, when the price level is down, consumers demand less currency, which means that they will keep more money in their bank accounts. If banks have more money, then the interest rate for loans decrease.  If interest rates decrease, the cost of investment decreases too. Then, if the price for investment decreases, the demand for it increases and the aggregate demand decreases too.

3 0
4 years ago
Kohlberg's theory of moral development can best be summarized as characterizing children's moral development as a process of pro
Vitek1552 [10]

Answer:

true

Explanation:

According to my research on Kohlberg's theory of moral development, I can say that based on the information provided within the question this statement is completely true. This is because this theory talks about starting in a stage where your actions are done in order to avoid certain consequences. Then as you get older you progress through various ethical stages, developing a series of ethical principals.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Maria's initial project budget was increased from $16,000 to $18,000. What was the variance from the initial budget?
4vir4ik [10]
The correct answer to the question is d 12.50
7 0
4 years ago
Read 2 more answers
While in the restroom, you overhear your boss telling a colleague that Bob is going to be laid off at the end of the quarter in
Vsevolod [243]

Answer:

While in the restroom, you overhear your boss telling a colleague that Bob is going to be laid off at the end of the quarter in about two weeks’ time. Bob is a good friend of yours.Do you tell him? Why or why not?a.Response/Approach: UTILITARIANISMi.As a good friend you are, you could HIGHLY encourage Bob look for a newjob and infer that you heard that there are budget cuts going to be happening and “anyone” could be “laid off.”7.One of the newest salespeople in your division is a real goof-off, never showing up for work on time, distracting other people with his antics and so on. You complain about him to your boss, who tells you the kid is the son of the company president. Your boss instructs you not only to leave the new guy alone but also to make his sales numbers look good by throwing him some no-brainer accounts. What do you do?a.Response/Approach: INDIVIDUAL RESPONSIBILITESi. As an employee of this company, you have the responsibility to report thisto a someone of higher status than just your boss. If your boss isn’t takingthe situation seriously, you need to stand up and tell higher authorities.ii.There is surely more people that are aware of this and if everyone aware backs you up, you can’t be fired or punished because then things would “become personal” and that can become a bigger issue that the presidentof the company is probably willing to deal with.

Explanation:

3 0
3 years ago
XYZ Corp is doing a study of consumers' use of soap across the US. The questiuonnaire for the sttudy will include questions abou
serious [3.7K]

Answer:

Such a study is best characterized as a non-experimental study.

Explanation:

Non-experimental research is the study whereby a researcher cannot manipulate, control, or change the subjects of a research but instead, the researcher depends on observation, interpretation, or interactions to arrive at a conclusion. This means that in a non-experimental study, the researcher relies on surveys, correlations or case studies.

Non-experimental research has a great level of external validity because it is usually generalized to a bigger population. XYZ Corp making use of a survey is an example of non-experimental study.

8 0
3 years ago
Other questions:
  • When Coca-Cola determines the bottled-water competitors for its Dasani brand by identifying the products or sets of products wit
    12·1 answer
  • In 2019, Ava, an employee, who files single, has AGI of $58,000 and incurred the following miscellaneous itemized deductions thi
    15·1 answer
  • What group is responsible for stepping in to prevent a bank run? banking regulators like the Fed the bank’s depositors the bank’
    10·2 answers
  • If we want to construct a 95% confidence interval for the average battery life for smartphone c users that extends at most 2 hou
    5·1 answer
  • On January 1, 2021, the Allegheny Corporation purchased equipment for $319,000. The estimated service life of the equipment is 1
    13·1 answer
  • Kitchen dishcloths are often difficult to rinse clean and typically dry slowly. A company recently developed a disposable kitche
    9·1 answer
  • Interdepartment Services: Step Method
    9·1 answer
  • Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,
    15·1 answer
  • Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a five-year, $6,000,000 bank loan t
    12·1 answer
  • Tim, a single taxpayer, operates a business as a single-member LLC. In 2021, his LLC reports business income of $225,000 and bus
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!