Economics is the study of how people, businesses and governments make choices when faced with an unlimited supply of resources.

Metlock Company took a physical inventory on December 31 and determined that goods costing $185,000 were on hand. Not included i

Paha777 [63]

Answer:

$229,890

Explanation:

The formula to compute the ending inventory is shown below:

= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination

= $185,000 + $24,080 + $20,810

= $229,890

We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.

6 0

4 years ago

What is your primary source of investment funds?

ArbitrLikvidat [17]

Answer:

A. Saving or personal income

Explanation:

7 0

3 years ago

The former CEO of Sam's Club, a division with its own profit-and-loss responsibility, Rosalind Brewer, reported to Walmart's CEO

mart [117]

Answer:

B. strategic business unit

Explanation:

Based on the information provided within the question it can be said that in this situation Sam's Club is therefore a strategic business unit of Walmart. This term refers to a mostly autonomous division of a large company or corporation which is completely independent and focuses and a specific range of products or activities. They also deal with their own profit-and-loss.

7 0

4 years ago

Consider the following two separate events for a company during the year: 1. Loss on sale of investments = $30. 2. Unrealized ga

Serggg [28]

Answer:

A.) Net income = $(30); Comprehensive income = $(10).

Explanation:

First, the multiple choices to the question

A.) Net income = $(30); Comprehensive income = $(10).

B.) Net income = $(30); Comprehensive income = $20.

C.) Net income = $0; Comprehensive income = $(10).

D.) Net income = $(10); Comprehensive income = $20.

The question is to determine the effect of the two events listed on the Net Income as well as the comprehensive income

First, we look at event one:

The loss of sales of investment = #30

The effect of this is to debit the income statement because it is a net loss of $30. It brings a reduction to the income side. Income will usually have a credit balance, but a net loss reduces income therefore, it will be debited.

Second, the Unrealized gain on investment from increase in fair value = $20

The effect is $10 which represents $30 from the loss - $20 from the unrealised gain. It will however, also decrease the comprehensive income by the $10.

7 0

3 years ago

The Magnolia Company's Division A has income from operations of $80,000 and assets of $400,000. The minimum acceptable rate of r

Afina-wow [57]

The residual income for the Division A of Magnolia Company for an income from operations of $80,000 will be $32,000.

<h3>What is residual income?</h3>

Residual Income is the total of total income from operations less the minimum acceptable rate of return on the deployed assets for such operations over a financial period.

Using the above information, it can be ascertained that the residual income will be,

$\rm Residual\ Income = Income\ from\ Operations - Rate\ of\ Return\ x\ Assets\\\rm Residual\ Income = 80000- (12\%\ x\ 400000)\\\\\rm Residual\ Income = \$32,000$

Hence, the residual income will be as computed above.

Learn more about residual income here:

brainly.com/question/27330050

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8 0

2 years ago