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morpeh [17]
3 years ago
8

Gato Inc. had the following inventory situations to consider at January 31, its year-end. Identify which of the following items

should be included in inventory. (a) Goods held on consignment for Steele Corp. since December 12. select an option (b) Goods shipped on consignment to Logan Holdings Inc. on January 5. select an option (c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit
Business
1 answer:
OverLord2011 [107]3 years ago
4 0

Answer:

(b) Goods shipped on consignment to Logan Holdings Inc. on January 5.

(c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit.

Explanation:

Gato Inc. should include two items in its inventory. Good shipped on consignment to Logan Holdings Inc. should be included in inventory because this is transaction after the closing of December period. Goods shipped tp a customer on January 29 must also be included in the inventory because the goods are still in transit.

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Which of the following represents the components of the income statement for a merchandising business?
Slav-nsk [51]

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Sales Revenue – Cost of Goods Sold = gross profit

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4 years ago
1-When would high Do you think making employees happier at work is a good way of motivating people? When would high satisfaction
Dominik [7]

Answer:

DAYTON, Ohio -- For decades, employees and employers alike have followed the motto that job satisfaction determines job performance. Not so, according to a new study by Wright State University.

Nathan Bowling, an assistant professor who specializes in industrial and organizational psychology, said three decades of data derived from thousands of employees in a cross-section of jobs -- blue collar and white collar -- prove that although job satisfaction and job performance do correlate, one does not cause the other.

Even researchers, Bowling said, get confused about how the two things connect.

Read More

"On days when ice cream sales are high, the number of crimes committed will also tend to be high, but this doesn't mean that ice cream sales cause crime," he said. "Rather, ice cream sales and crime are related because each is the result of the outdoor temperature. Similarly, satisfaction and performance are related because each is the result of employee personality."

By personality, Bowling pointed to such characteristics as self-esteem, emotional stability, extroversion and conscientiousness.

Studies, Bowling said, show that employees who have an overall negative attitude to all things in life likely won't find job satisfaction, regardless of performance, because of their personality characteristics.

"Emotional stability matters a lot," he said. "People who are neurotic, those who tend to be anxious, depressed ... typically won't find satisfaction no matter how many jobs they try."

The same goes for those with low self-esteem, he added. Studies show that employees with high self-esteem tend to be more satisfied with their jobs than those who do not have that level of confidence.

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So how can you have both?

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3 years ago
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3 years ago
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Ken just purchased new furniture for his house at a cost of $16,400. The loan calls for weekly payments for the next 7 years at
____ [38]

Answer:

His payments are $64.63 every week.

Explanation:

P = Regular Payments  = ?

PV = Loan Amount  = $16,400

r = rate of interest  = 10.99%

n = no of periods  = 7 = 364

P = [r (PV) ]   /   [1 - (1 + r )^-n]

P = (10.99%/52)*16400   /   1 - [1 / (1 + 10.99%/52)^364)]

P = 34.66076923 /  1 - [1 / 2.156503587]

P = 34.66076923 / 0.53628642

P = 64.63107760588

P ≈ $64.63 weekly

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3 years ago
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