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vesna_86 [32]
4 years ago
9

Mogul ships inventory with a cost of $80,000 to Ski Outfit and pays shipping costs of $8,000. By the end of the year, $60,000 of

the merchandise has been sold to customers for a total of $85,000. Mogul allocates $6,000 of the shipping costs to inventory sold and the other $2,000 to inventory not sold. Mogul also paid advertising costs during the year of $16,000. What amount of inventory will Mogul report at year end?
Multiple Choice

A $44,400.

B $20,000.

C $60,400.

D $24,400.
Business
1 answer:
Bezzdna [24]4 years ago
4 0

Answer:

D $22,000.

Explanation:

Mogul ships inventory

Cost of goods = $80,000+$8,000=$88,000

Cost of goods old = $60,000+$6,000=$66,000

Inventory =$88,000-$66,000

=$22,000

Therefore the amount of inventory will Mogul report at year end will be $22,000

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Security is a financial instrument backed by assets. They give the holder an interest or right in something else. A regulation u
Ksivusya [100]

Answer:

c. a resort condominium project in which owners enter their units in a common rental pool to enhance their income

Explanation:

As provided, the company here aggregates funds to acquire property and then earn rental income. The company can be a combination of many individuals or firms or any other form. But since it is earning an assured income in the form of rentals, it can be categorized as security.

Accordingly if it is a security, the security laws will be applicable on them.

Option a and b do not provide so, as they do not form a security, as in case a there is no definite income attached. In case b there are losses also attached, as it is for residential and retail in the same volume, making it loose its commercial substance.

7 0
3 years ago
Which three approaches to management are considered historical perspectives?
cestrela7 [59]
The three approaches to management which are considered to be historical perspectives are:
1. The classical view point: this emphasize finding ways to manage work more efficiently.
2. The behavioral view point: emphasize the need to understand human behavior and to encourage employees toward achieving the company's goals.
3. The quantitative view point: this emphasizes the application of quantitative measures to management.<span />
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3 years ago
At 6.5 percent interest how long does it take to double your money to quadruple it
Oksi-84 [34.3K]

Your money will double in approximately 11 years and quadruple in approximately 22.

Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).

4 0
3 years ago
Read 2 more answers
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been
LekaFEV [45]

Answer:

variable cost per unit 150 dollars

Explanation:

As we aren't provided with a volume. We calculate considering variable costying system which onyl count variable cost as cost of goods manufactured:

raw material                            $    75 per unit

labor 5 hours x 14 per hour = $    70 per unit

variable ovehread                   $     5 per unit

Variable cost per unit              $  150 per unit

the fixed overhead cost

5,110 + 3,730 + 1,550 + 6,600 + 8,760 = 25,750

will be considered cost of the period under variable costing

8 0
3 years ago
QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2019:
Stolb23 [73]

Answer:

the  LIFO inventory value at 2014 year end is $1.3 billion

Explanation:

The calculation of the LIFO inventory value at 2014 year end is as follows

LIFO inventory value at year-end 2014 is

= FIFO inventory - LIFO reserve

= $2.1 billion - $0.8 billion

= $1.3 billion

Therefore, the  LIFO inventory value at 2014 year end is $1.3 billion

The same is to be calculated by applying the given formula

5 0
3 years ago
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