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
charle [14.2K]
3 years ago
8

Windsor, Inc. uses a perpetual inventory system and reported $512,000 of inventory at the beginning of the month based on a phys

ical count of inventory. During the month, the company bought $53,000 of inventory and sold inventory that had cost $48,000. At the end of the month, the physical count of inventory shows $515,000 on hand. How much shrinkage occurred during the month?
Business
1 answer:
Lisa [10]3 years ago
7 0

Answer:

--Correct Answer =  $ 2,000

Explanation:

the step by step Workings can be seen below

Beginning Inventory                                           $512,000

Add: Purchases                                                   $53,000

Less: Cost of goods Sold                                   $48,000

Ending Inventory as per perpetual method      $517,000

Less: Ending Inventory as per physical count  $515,000

Shrinkage amount                                                $2,000

You might be interested in
Monopolistic competitors in the food industry, acting in their own self-interest, will often include a recyclable symbol on pack
anygoal [31]

Answer:

Differentiate their products

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

examples of monopolistic competition are restaurants

A monopolistic firm in the food industry acting in their own self-interest, will often include a recyclable symbol on packaging used for their product to Differentiate their products. This is meant to communicate to consumers that they are different from other firms in the industry

5 0
3 years ago
If a person attempts to read their email while they are riding the bus they are
8_murik_8 [283]

Reading there email on a bus?

6 0
3 years ago
Read 2 more answers
One major part of the opportunity costs of one's decision to go to college after high school graduation is the__________________
Serga [27]

Answer:

The correct answer is letter "C": full-time job that one could have gotten instead of going to college.

Explanation:

Opportunity costs can be defined as the return of the chosen option compared to the options forgone. Opportunity costs represent also the return of the best next available option after the option selected. Opportunity costs can be positive or negative which implies the option chosen was not the most optimal.

In this case,<em> the opportunity cost of going to college after finishing school is represented by starting to work in a full-time job to earn money.</em>

8 0
3 years ago
Clint had $748.87 in his checking account, and a check that he wrote to his landlord for $725.00 was just deposited. This will r
ludmilkaskok [199]
The answer is b my guy dont worry im wrong
8 0
2 years ago
Read 2 more answers
A 3-year bond with 10% coupon rate and $1,000 face value yields 8% yield to maturity. Assuming annual coupon payment, calculate
NNADVOKAT [17]

Answer: $1051.51

Explanation:

Coupon rate = 10%

Face value = $1,000

Yield to maturity = 8%

Annual coupon will be:

= Face value × Coupon rate

= 1000 × 10%

= 100

Therefore, the price of bond will be:

= Annual coupon × Present value of annuity factor + $1000 × Present value of the discounting factor

= (100 × 2.5771) + (1000*0.7938)

= 257.71 + 793.8

= $1051.51

The price of the bond is $1051.51

6 0
3 years ago
Other questions:
  • Springfield Co., based in the U.S., has a cost from orders of foreign material that exceeds its foreign revenue. All foreign tra
    6·1 answer
  • A key to positioning a product or brand effectively is discovering the perceptions of its potential customers. In determining it
    9·1 answer
  • Preston wants to be an accountant. When he decides on a college education, which would be the best choice for this career?
    9·2 answers
  • The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parti
    5·1 answer
  • When you have an exclusive contract with a real estate agent, what should you expect and not expect?
    9·1 answer
  • With _____, resources are wasted because they are not used efficiently.
    11·2 answers
  • A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The develo
    10·1 answer
  • Match the appropriate definition with the appropriate term.
    12·1 answer
  • In the Keynesian-cross analysis, if the consumption function is given by C = 20 + 0.7 (Y – T), and planned investment is 100, G
    5·1 answer
  • In a sweezy oligopoly, the profit-maximizing level of output occurs where:_____.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!