Answer:
Ending inventory = 14,000
Explanation:
First, we must clear the COSG from the Pretax Income calculation:
Pretax income = Sales revenue - COSG - Total operating expenses
COSG = Sales revenue - Total operating expenses - Pretax income
COSG = 120,000 - 21,000 - 12000
COSG = 87,000
With this data we can clear the ending inventory of the COSG formula:
COSG = Beginning inventory + Purchases - Ending inventory
Ending inventory = Beginning inventory + Purchases - COSG
Ending inventory = 11,000 + 90,000 - 87,000
Ending inventory = 14,000
The broker should <span>call the listing office and cancel the showing as soon as possible.
Among the possible options, this is the one I would choose. The broker should try and convince these buyers to at least take a look at the house so as to evaluate and compare to their other options. If they still don't want to do it, then the broker should cancel everything and move on.
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Answer:
True.
Explanation:
True, the given statement is true because, for any business, customers are the main person for which the company makes the product. If the customer makes some complaint that means he is not happy with the service or product of your company. However, in such a case the company may lose its customers but it is the communication that can hold the customer when he complains. When a customer makes a complaint then it is a must remember all types of skills that can satisfy the customer and it could be verbal communication, nonverbal, and listening skills.
Answer:
The times per period the average inventory balance is sold.
Explanation:
The formula for inventory turnover is as follows:
Where:
Average inventory = (beginning inventory+ ending inventory)/ 2
Considering the formula this makes the third option the only correct answer As it do not consider obsolote neither purchases for the period.
Answer:
a) 6,730.40
b) 418
c) 131.10
Explanation:
price after trade discount:
printer = 500 x (1 - 12%) = 440
toner = 150 x (1 - 8%) = 138
since the invoice was paid during the discount period, the total amount paid on December 30 was [(440 x 10) + (20 x 138)] x (1 - 5%) = 6,730.40
net price per unit:
printer = 440 x 0.95 = 418
toner = 138 x 0.95 = 131.10
d) total cost including operating expenses = (6,730.40 x 1.15) = 7,739.96
selling price = 7,739.96 / 0.75 = 10,319.95 ≈ 10,320
e) (printer + toner) x 1.15 = (418 + 131.10) x 1.15 = 631.465
selling price of 1 printer and 1 toner = 631.465 / 0.75 = 841.95 ≈ 842
f) yes, a profit was made since the original selling price was calculated assuming a 25% net profit, and the discount was only 15%