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
MrMuchimi
3 years ago
13

Marcos Industries uses the retail method of inventory costing. The retail value of the inventory is $478,000. If the ratio of co

st to retail price is 60%, what is the amount of inventory to be reported on the financial statements?
(A) $286,800
(B) cannot be determined from the information given.
(C) $478,000
(D) $192,200
Business
1 answer:
dybincka [34]3 years ago
7 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The retail value of the inventory is $478,000. The ratio of cost to retail price is 60%. What is the amount of inventory to be reported on the financial statements?

Inventory= 478,000*0.60= $286,800

You might be interested in
net income is 180 depreciation is 50 change in asset and liability accounts is 20 what i the cash provided
kiruha [24]

Answer:

Cash provided by operations is $250

Explanation:

<em>If a company has net income of 180, depreciation of 50, change in asset and liability accounts of $20, then cash provided by the operation is?</em>

<em />

Cash flows from operating activities

Net Income                                                     $180

<em>Adjustments to reconcile net loss </em>

<em>to net cash flow from operating activities</em>

Add: Depreciation                               $50

Add: Change in net current assets    <u>$20</u>     <u>$70 </u>

Cash provided by operations                       <u>$250</u>

7 0
2 years ago
What is the current price for a bond worth $4,000 that has a price quote of 50?
barxatty [35]

Answer:

$ 2,500 as far as i know.

Explanation:

7 0
3 years ago
What is a specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to
katovenus [111]

The specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to help employees achieve success at both work and home considered is -work-life effectiveness. This is further explained below.

<h3>What is organizational practices?</h3>

Generally, An organizational practice is the habitual application of knowledge inside an organization for the purpose of carrying out a certain function. This application of knowledge has developed over the course of time as a result of the history, people, interests, and activities of the organization.

In conclusion, The precise combination of corporate practices, policies, and programs, plus a mindset that actively supports efforts to assist individuals to achieve success at both work and home regarded called -work-life effectiveness.

Read more about organizational practices

brainly.com/question/17329622

#SPJ1

4 0
2 years ago
A firm has just ended the calendar year making a sale in the amount of​ $200,000 of merchandise purchased during the year at a t
MrRissso [65]
B I THINK IT IS I'M NOT SURE
8 0
3 years ago
Which of the following occupations would least likely to be
Alekssandra [29.7K]

Answer:

McDonald Clown

Explanation:

B.

=MCDONALD

3 0
3 years ago
Read 2 more answers
Other questions:
  • June sales were $30,000, while projected sales for July and August were $52,000 and $74,000, respectively. Sales are 60% cash an
    14·1 answer
  • In response to the new employee end of shift policy Brianna proposes that Ollie pay its employees on their breaks instead of mak
    14·1 answer
  • The market price of apples is currently rising. in a free-market economy, which is the most likely explanation of this price cha
    8·1 answer
  • The following quote best describes ________. "The marvels of modern technology include the development of a soda can which, when
    13·1 answer
  • Emily Corporation sells two products: hurricane lamps and flashlights. Hurricane lamps account for 70 percent of the units sold,
    15·1 answer
  • The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on th
    9·2 answers
  • While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being
    12·1 answer
  • The anchoring and adjustment heuristic come in to play when consumers base their predictions on the quickness and ease with whic
    7·1 answer
  • To better organize his landscaping business, Frank divides each job into several parts. One part is excavation and removal of ol
    5·1 answer
  • How do you register partnerships firm in Nepal?​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!