Answer:
1200
Explanation:
Well the question is not completely correct I mean what was the price of the product. What percentage of markup do the store have but anyway you said 6 usd for one and 200 sold
200*6=1200
Answer:
The franchisor owns the brand and the operating system that they license to their franchisees. ... The franchisor grants the franchisee the right to operate the business under the franchise system's trademarks and service marks and enforces the brand standards of the system.
Answer:
The Correct answer is "liability of foreignness"
Explanation:
Walmart didn't redo its methodologies for Germany and kept it same as that what it practiced in America. This came about into the social contrasts that forestalled Walmart from growing in Germany. In addition, the Company likewise acquired greater expenses in the field of coordination since it was new to the locale. Hence, together these elements called for greater expenses that were exposed to the liability of foreignness.
Incomplete question;
Here's the options that complete the question;
Dec. 1 Beginning merchandise inventory
11 units $ 8 each
Dec. 8 Sale
6 units at 21 each
Dec. 14 Purchase
17 units at $15 each
Dec. 21 Sale
15 units at $21 each
Explanation:
<u>Cost of goods sold</u>
Dec. 8 Sale (6 units)
6 units from Dec. 1 Beginning Inventory
= 6 x $8 = $48
Dec. 21 Sale (15 units)
2 units from Dec. 1 Beginning Inventory leftover
= 2 x $8 = $16
13 units from Dec. 14 Purchase
13 x $15 = $195
<u>Inventory on hand</u>
4 units leftover from Dec. 14 Purchase
Cost of goods Purchased
Dec. 1
11*8=$88
Dec. 14
17*15=$255
Total= $343
Answer:
a. An audit adjustment is needed since the best case scenario, where the net realizable value is highest would result in $92,000 - $5,000 = $87,000.
b. the value of inventory must decerase by $99,000 - $87,000 = $12,000, so COGS must increase by that amount:
Dr Cost of goods sold 12,000
Cr Merchandise inventory 12,000