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
xeze [42]
3 years ago
13

Presented below is information related to Waterway Company. Cost Retail Beginning inventory $374,710 $283,000 Purchases 1,393,00

0 2,165,000 Markups 93,800 Markup cancellations 16,500 Markdowns 37,300 Markdown cancellations 4,500 Sales revenue 2,181,000 Compute the inventory by the conventional retail inventory method.

Business
1 answer:
Lilit [14]3 years ago
5 0

Answer:

$218,050

Explanation:

Please see attachment.

You might be interested in
Which consideration must be addressed when deciding for whom to produce?
olga nikolaevna [1]
Since there is no options provided, it could be :

- The price of your products compared to your target's level of income

- The Rules and law that exist in your area

- The amount of competitors that exist

- The distribution factors, how easy is it to deliver your product to your targets
8 0
3 years ago
Read 2 more answers
A company's competitive strength scores pinpoint its strengths and weaknesses against rivals and Select one: a. point directly t
Montano1993 [528]

Answer:

e. point directly to the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.

Explanation:

A competitive strength assessment is defined as a weighted comparism of a business's strengths and weaknesses compared to the competition. The knowledge gained can be used to improve on weak areas.

Competitive advantage is the traits that set a business aside and gives it an edge over others. Competitive strength assessment evaluates the competitive advantages of a company. Therefore it shows the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.

8 0
3 years ago
A lender is willing to provide a loan equal to 80% of a property worth $360,000. If such a loan carries an interest rate of 7.5%
lukranit [14]

Answer:

B) $11,750

Explanation:

annual mortgage payment = net operating income - (outstanding loan balance x loan payment factor)

outstanding loan balance = property value x loan percentage

annual mortgage payment = $40,000 - [($360,000 x 80%) x 0.09809] = $40,000 - ($288,000 x 0.09809) = $40,000 - $28,250 = $11,750

5 0
3 years ago
Scenario 9-1 For a small country called Boxland, the equation of the domestic demand curve for cardboard is Q D = 200 − 2P , whe
Ksenya-84 [330]

Answer:  a. benefits Boxlandian consumers by $672 and harms Boxlandian producers by $598.50.

Explanation:

Equilibrium price will be at level where quantity demanded equals quantity supplied.

200 − 2P = -60 + 3P

200+60 = 5P

5P = 260

P = $52

Equilibrium Quantity Demanded = 200 − 2P = 200 - 2 * 52 = 96 units

In a no-trade situation the demand in Boxland is 96 units at a price of $52. If they were to buy at the world price of $45, they would benefit;

= (96 * 52) - (96 * 45)

= 4,992‬ - 4,320‬

= $672

Producers however would produce the following at a price of $45;

Q S = -60 + 3P

= -60 + 3(45)

= 75 units

They would be supplying less units and be hurt.

7 0
3 years ago
Tamarisk Leasing Company signs a lease agreement on January 1, 2017, to lease electronic equipment to Carla Vista Company. The t
bixtya [17]

Answer:

a. $46,000

see the other answers in the explanation

Explanation:

(a) Fair value of leased asset to lessor $245,000

Less: Present value of unguaranteed residual value $24,335 X .63017

(present value of 1 at 8% for 6 periods) $15,335

Amount to be recovered through lease payments $229,665

Six periodic lease payments $229,665 ÷ 4.99271 $46,000*

*Present value of an annuity due of 1 for 6 periods at 8%.

b.

(c)

1/1/17

Lease Receivable 245,000

Cost of Goods Sold 229,665

Sales Revenue 229,665

Inventory 245,000

1/1/17

Cash 46,000

Lease Receivable 46,000

12/31/17

Lease Receivable 15,920

Interest Revenue 15,920

1/1/18

Cash 46,000

Lease Receivable 46,000

12/31/18

Lease Receivable 13,514

Interest Revenue 13,514

8 0
2 years ago
Other questions:
  • Is the externality positive or negative? Explain. Identify the socially optimum output. Explain how you determined your answer.
    7·1 answer
  • On January 1, Year 1, Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issue at face value. Th
    9·1 answer
  • Which assumed inventory cost flow method: (a) usually parallels the actual physical flow of merchandise? select a method (b) div
    11·1 answer
  • Lata is writing a message to her boss. She has discovered a source for office supplies that carries name brands but whose prices
    7·1 answer
  • Rachel paid $600 per month to rent a workshop. She paid weekly salaries to her three employees, amounting to a total of $3600 fo
    8·2 answers
  • During the first 11 months of a recent year, a certain charitable organization received an average (arithmetic mean) of $20,600
    8·1 answer
  • Which of the following comparisons best isolates the impact of a change in activity on performance?
    11·1 answer
  • What is the present value of $5,000 received 5 years from now if the discount rate is 5% (rounded to the nearest dollar?a. $6,38
    5·1 answer
  • Differentiate between Cloud computing<br> and Grid computing.
    11·1 answer
  • The cover letter should _____.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!