<span>
$300,000 / 30% = 1,000,000 - 300,000 = $700,000 </span>
Answer:
<h2>The correct answer here would be the 1st option given in the answer choices or options or They do not include theft and shrinkage.</h2>
Explanation:
- From a business standpoint, normal shortages basically indicate comparatively lower inventory availability of goods and services based on their consumer demand or respective sales orders by consumers or buyers.
- Normal shortage implies that the amount or units goods and services available to the company or firm is not sufficient to fulfill the required consumer or buyer demand for those commodities or services.However,while calculating or computing normal shortage, any unwanted thefts and shrinkage or inadvertent damages of the concerned commodities or goods are not usually considered.
Answer:
Option C, It is an estimate of tuition fees, room and board, books, supplies and other expenses.
Explanation:
Cost of attendance attendance is the total cos incurred on an individual during an entire academic year by the institute. An institute take into account cost incurred on the following for determining COA-
a) tuition and fees
b) books and supplies
c) College infrastructure cost inclusive of room and board
d) transportation
e) scholarship etc.
Hence, option C is correct
Answer: Account A
Explanation:
Account A would be best for James as it provides the most value for the things he would like to do.
- ATM charges are free with this account so he can use the ATM four times in the month at no charge
- He would pay no monthly fees as he uses direct debit
- He would pay an annual fee of $0
- And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.
Answer:
Inventory to be shown in balance sheet = $955000
<u>Explanation:</u>
According to the given data:
Fair value of Skywalker’s inventory = $255000
Fair value of Skywalker’s buildings and equipment is = $870000
Calculation of amount to be reported for inventory in consolidated balance sheet is as follows:
Inventory = ($700000 + $255000)
= $955000
Note: Inventory of parent company and subsidiary company is to be added in preparing consolidated balance sheet
