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Basile [38]
2 years ago
14

Cheyenne Corp. took a physical inventory on December 31 and determined that goods costing $200,000 were on hand. Not included in

the physical count were $26,400 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,400 of goods sold to Alvarez Company for $28,200, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Stallman report as its December 31 inventory?
Business
1 answer:
tamaranim1 [39]2 years ago
7 0

Answer:

$247,800‬

Explanation:

Inventory December 31

physical inventory on December 31                           $200,000

Add: Goods purchased FOB shipping point                $26,400

Add: Goods sold FOB Destination                               <u> $21,400</u>

                                                                                      $247,800‬

FOB Shipping Point - the purchaser gains title to the inventory at the shipping point, so when Pelzer shipped the goods, they belonged to Stallman.

FOB destination - means the seller maintains title until the merchandise reaches its destination, so since the goods have not reached their destination, the goods still belonged to Stallman

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3 years ago
Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab
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Answer:

(a) Barton's investment

Date   Account Titles and Explanation               Debit       Credit

          Accounts receivables                              $44,900

          ($48,000 - $3,100)

          Equipment                                                 $90,000

                 Allowances for uncollectible                               $1,300

                 Barton Capital                                                       $133,600

           (To record Barton's contribution)

(b) Fallows' investment

Date   Account Titles and Explanation               Debit       Credit

          Cash                                                           $28,700

          Merchandise Inventory                             $60,500

                  Fallow Capital                                                      $89,200

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the us government gave land to the railroads to help them expand. what impact did these land grants have on industries in the we
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Due to the grants' encouragement of settling and the creation of new industrial prospects, the West's industries were able to expand.

<h3>What to you understand by Industries? </h3>

An industry is a collection of businesses that are connected by their main lines of activity. There are numerous categories of industries in contemporary economies. Sectors are generally used to combine together bigger groups of industry classifications.

The processing and transformation of natural resources (raw materials) into other finished and semi-finished products is the primary function of industry in each nation's economy.

Industries have a significant role in the economic activities of modern man. Any nation's industrial growth is a major factor in determining its economic development. The main components of contemporary civilization are industries, which give us access to the things we need and job possibilities.

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6 0
1 year ago
Which of the following are all strategies for improving productivity in​ services? A. high​ interaction, mass​ customization, se
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Answer:

E. ​separation, self-service,​ automation, and scheduling.

Explanation:

Increase in productivity in a business aims to increase the efficiency of an individual or process involved in production of useful output.

Strategies for improving productivity includes separation, self-service,​ automation, and scheduling.

When there is seperation in services available to a customer, they easily identify the most relevant one to them.

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  • Don't mention any financial obligation of the deceased or offer any financial help
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Thus we can say that ,When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and <u>conclude on a reassuring note.</u>

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