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3 years ago

Spencer Company consigned 88 freezers, costing $490 each, to Remmers Company.

Business

1 answer:

nata0808 [166]3 years ago

6 0

Answer:

Inventory in consignee: $ 22,005

Consignor profit: $ 6,810.6

Explanation:

We must remember that the goods cost is the sum of all it was needed to get the inventory ready for sell:

consigned goods: 88 x 490 = 43,120

shipping cost 890

Total Cost for Spencer 44,010

44,010 /88 freezers x 44 freezers at hand: 22,005

profit on the consignor:

sales revenue 44 x 710 = 31,240

commission 6% (1,874.4)

cost of good sold

44,010 / 88 x 44 freezers sold: (22,005)

advertising (240)

installation cost (310)

Profit 6,810.6

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Answer:

introductory stage of product life cycle

Explanation:

Introductory stage of product life cycle -

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Hence , from the given scenario of the question ,

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2 years ago

Here are the cash flows for two mutually exclusive projects: Project C0 C1 C2 C3 A −$ 34,400 +$ 13,700 +$ 13,700 +$ 13,700 B − 3

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Answer:

7.89%

Explanation:

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3 years ago

Understand the general arguments made in sections 1, 2, and 7 of Kraut's "Aristotle on Becoming Good" and consider how these ide

lions [1.4K]

Answer:

Aristotle argues that what differentiates human beings from other animals is the human reason.

Explanation:

"Good life" can be seen as the one in which a person understand and exercise their rational faculties. The word "good" can be used to show moral approval. Therefore, for someone to be called good, they must have possessed and practiced many important virtues and not pursuing their own pleasure all the time.

According to Aristotle, happiness consists in achieving all the goods like health, wealth, knowledge, friends etc throughout a lifetime. He sees happiness as the central purpose of human life.

Aristotle believes that the highest good is a solitary nucleus which all other goods are acted upon and this highest good is happiness.

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2 years ago

The income statement for Nadeen, Inc. shows income before income taxes $700,000, income tax expense $210,000 and net income $490

katrin [286]

Answer:

B $4.90

Explanation:

The earnings per share ratio (EPS), is an entities net income after tax that is available the shareholders divided by the weighted average number of shares of common stock that are outstanding during the period of the earnings.

As such, given;

net income after tax = $490,000

number of shares = 100,000

EPS = net income after tax/number of shares

= $490,000/100,000

= $4.90

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3 years ago

Flex Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inve

Radda [10]

Answer:

The total cost of goods sold = $37,500

Explanation:

Given:

Beginning inventory = 10,000 units at $3

Purchase inventory = 5,000 units at $4

Purchase inventory = 5,000 units at $5

Sale inventory = 10,000 units at $10

Total inventory units = [10,000 + 5,000 +5,000]

Total inventory units = [20,000]

Total Cost of inventory units = [(10,000×$3) + (5,000×$4) + (5,000×$5)]

Total Cost of inventory units = [$30,000 + $20,000 + $25,000]

Total Cost of inventory units = [$75,000]

Average price per unit = Total Cost of inventory units / Total inventory units

Average price per unit = $75,000 / 20,000

Average price per unit = $3.75

The total cost of goods sold = 10,000 units sold × $3.75

The total cost of goods sold = $37,500

3 0

3 years ago