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stira [4]
3 years ago
5

Finerly Corporation sells cosmetics through a network of independent distributors. Finerly shipped cosmetics to its distributors

and is considering whether it should record $460,000 of revenue upon shipment of a new line of cosmetics. Finerly expects the distributors to be able to sell the cosmetics, but is uncertain because it has little experience with selling cosmetics of this type. Finerly is committed to accepting the cosmetics back from the distributors if the cosmetics are not sold. How much revenue should Finerly recognize upon delivery to its distributors?
Business
1 answer:
hjlf3 years ago
7 0

Answer:

$0

Explanation:

Finerly should recognize $0 of revenue upon delivery to distributors. Because of the uncertainty of the returns due to the fact that Finerly does not know if it will have to accept the cosmetics back from the distributors if the cosmetics are not sold, Finerly cannot or should not recognize revenue until it either can estimate in a better way its returns or when the sales actually occur.

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An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandparent for a
Doss [256]

Answer:

The value of the policy assuming the proposed rates is 142,769.63

Explanation:

Time line:

<--/--/--/--/--/--/----------------------------------------------------------//-->

We have 6 payment and then, a lump sum capitalize until age 65

First we calculatethe value up to the end of the six year:

Principal \: (1+ r)^{time} = Amount

First year:

940 \: (1+ 0.09)^{6} = Amount

Amount 1,576.47

Second year:

940 \: (1+ 0.09)^{5} = Amount

Amount 1,446.31

Third Year:

1040 \: (1+ 0.09)^{4} = Amount

Amount 1,468.04

Fourth year:

1040 \: (1+ 0.09)^{3} = Amount

Amount 1,346.83

Fifth year:

1140 \: (1+ 0.09)^{2} = Amount

Amount 1,354.43

Six year:

1140 \: (1+ 0.09)^{1} = Amount

Amount 1,242.60

Sum at the end of the six year: 7,080.25‬

<u>Then this capitalize up to 65 birthday:</u>

from the seventh birthday up to the 65th birthday

65 - 7 = 58 years

Principal \: (1+ r)^{time} = Amount

Principal 8,426.68

time 58.00

rate 0.05000

8426.68 \: (1+ 0.05)^{58} = Amount

Amount 142,769.63

3 0
3 years ago
Consider the following: Farmer Smith bought seed and fertilizer for $100. He grew wheat that he sold to the Wander Bread Company
Rom4ik [11]

As per the given case, the amount that is added to GDP is $350.

<h3>What do you mean by GDP?</h3>

GDP refers to the measure of all final goods and services that have been bought by the final user produced in the country.

As per the given case, Farmer smith bought seed and fertilizer for $100. He grew wheat that he sold to the wander bread company. Consumers bought the bread from the grocery for $350. Therefore, it was added to the GDP.

So, $350 was added to the GDP.

Learn more about GDP here:

brainly.com/question/15682765

#SPJ1

3 0
2 years ago
One of the departments at Yolo Industries has entered into a 9 year lease for a piece of equipment. The annual payment under the
Darya [45]

Answer:

PV= $22,677.03

Explanation:

Giving the following formula:

Number of periods (n)= 9 years

Annual payment (A)= $3,800

Discount rate (i)= 12%

<u>First, we will calculate the future value of the payments using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= {3,800*[(1.12^9) - 1]} / 0.12 + {[3,800*(1.12^9)] - 3,800}

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PV= FV / (1 + i)^n

PV= 62,885.19 / (1.12^9)

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5 0
3 years ago
The specific identification method (select all that apply): matches each unit of inventory with its actual cost is not an accept
liberstina [14]

Answer:

<h2>The specific identification method</h2>

a) matches each unit of inventory with its actual cost

d) would be beneficial to a company that makes fine jewelry

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The specific identification inventory valuation method is one of the inventory valuation method allowed by U.S. GAAP.   The other allowed methods are weighted average; and first in, first out (FIFO).  The specific identification method identifies every item kept in inventory and its price and tracks it from purchase to resale.  Some types of businesses that use the specific identification method are jewelry companies and stores, car dealerships, art galleries, and furniture stores, who can easily identify each item and track the cost and price respectively.

4 0
3 years ago
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Shalnov [3]
What Mario should do from including this in his headline is being considerate on how he is doing from knowing how the people are going to be apparently right to give note in his own headline he created by using a text ad.
6 0
3 years ago
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