Answer:
Inventory= $251,540
Explanation:
Giving the following information:
Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in the physical count were $25,420 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,520 of goods sold to Alvarez Company for $32,230, f.o.b. destination.
Both the purchase and the sale must be accounted for in inventory. The purchase is FOB shipping point, therefore it is responsibility os Swifty. The sale was made FOB destination, as it is in transit, it is the responsibility of Swifty.
Inventory= 203,600 + 25,420 + 22,520= $251,540
The answer is <u>"self-serving bias".</u>
A self-serving bias is the normal habit for a man assuming praise for positive occasions or results, yet reprimanding outside elements for negative occasions. This can be influenced by age, culture, clinical conclusion, and the sky is the limit from there. It has a tendency to happen broadly crosswise over populaces.
Self-serving bias happens in every extraordinary sort of circumstances, crosswise over sexual orientations, ages, societies, and more.
Answer:
The answer is Quality of information and Asymmetric information
Explanation:
Information quality is a multi-attribute concept, it is said to define the quality of information are of good quality or of high value then the information is said to have good quality.
Asymmetric information also regarded as "information failure" occurs in a business environment in which some agent in a trade possesses information while other agents involved in the same trade do not.
Answer:
$55,500
Explanation:
The computation of the net realizable value after the write off entry is show below:
The credit balance in allowance with terms to bad debts is
= $4,500 - $4,000
= $500
Now the net realizable value is
= ($60,000 - $4,000) - ($4,500 - $4,000)
= $56,000 - $500
= $55,500
Hence, the same is to be considered
