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AysviL [449]
3 years ago
10

Blue Spruce Corp. took a physical inventory on December 31 and determined that goods costing $229,500 were on hand. Not included

in the physical count were $30,000 of goods purchased from Blossom Company, FOB, shipping point, and $25,500 of goods sold to Splish Brothers Inc. for $33,000, FOB destination. Both the Blossom purchase and the Splish Brothers sale were in transit at year-end. What amount should Blue Spruce report as its December 31 inventory?
Business
1 answer:
Irina18 [472]3 years ago
3 0

Answer:

Blue Spruce report as its December 31 inventory is $285,000

Explanation:

Correct inventory

= 229,500 + goods purchased FOB shipping point 30,000 + goods sold FOB destination 25,500

= 229,500 + 30,000 + 25,500

= 285,000

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3 0
3 years ago
For each of the following cash activities, choose the appropriate letter to match the activity with the internal control princip
Helen [10]

Answer:

A. Restrict access

C. Establish responsibility

D. Document procedures

B. Independently verify

Explanation:

A. Restrict access, as the password is set to address the cash register, that is a security is being provided, and this is because, there is a restricted access, for the safety purpose.

C. Establish responsibility - As the treasurer is held liable of making and receiving any checks, and that he is the person who shall monitor such things, related to transactions in checks.

D. Document procedures - since a list is prepared for the checks received in mail, it is mere preparation of records and documentation of what checks are received and what not.

B. Independently verify - Bank Reconciliation Statement is prepared to verify the transactions and match the balance in books with that of the bank pass book.

6 0
3 years ago
If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by
ohaa [14]

Answer:

4%

Explanation:

If the real gross domestic product for the year grew by 2%

The inflation rate also grew by 2%

Then nominal GDP rate can be calculated as follows

= Real GDP + inflation rate

= 2% + 2%

= 4%

Hence the nominal gross domestic product grew by 4%

6 0
3 years ago
The manager is responsible for keeping up to date on all regulations and food safety practices as well as _______ and monitoring
EleoNora [17]

The manager is responsible for keeping up to date on all regulations and food safety practices as well as food-borne illness and monitoring their entire staff.

<h3>How does food safety work?</h3>

In order to minimize the chance that people can contract a foodborne illness, food must be handled, prepared, and stored safely.

Food safety is an issue that affects many facets of daily living on a worldwide scale.

To avoid food becoming contaminated and resulting in food poisoning, food safety guidelines are followed. This is accomplished using a variety of methods, including some of the following:

1) Thoroughly cleaning and sanitizing all surfaces, tools, and implements

2) Upholding strict personal hygiene standards, particularly hand washing

3) Proper food storage, cooling, and heating in terms of temperature, surroundings, and apparatus.

4) Implementing efficient pest management

5) Understanding food intolerance, allergies, and food poisoning.

To know more about food safety visit:

brainly.com/question/16360633

#SPJ4

4 0
1 year ago
The speaker has just made a key point. The global middle class will double in the coming years. However, this new middle class r
kakasveta [241]

Answer:

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