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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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Jill wants to start her own business, but knows little about how to set up an accounting system or interpret financial informati
arsen [322]

Answer:

B. Although you can hire someone to keep your books, you'll still need to know how to read, understand, and interpret basic accounting reports in order to make good business decisions

Explanation:

You may employ someone to manage the accounts, but you do need to know how to read, understand, and interpret simple reports of accounting to make sound business decisions, as well as understanding whether someone is committing fraud with you. A simple knowledge can help with all of this.

The smooth operation of a company is practically impossible without being able to interpret, comprehend and evaluate accounting reports and financial statements.

Therefore according to the given situation, the correct answer is b

7 0
3 years ago
How does executive compensation can help manage interest over stockholder interest?
sdas [7]

Executive compensation includes benefits such as salaries, perks, incentives, and insurance.

It's hard to read business news without encountering articles about salaries, bonuses, and stock option packages given to CEOs of publicly traded companies. It's not easy to understand the numbers for evaluating how companies are paying their top talent. Investors must ensure that executive compensation works in their favor.

The board, at least in principle, seeks to align management's actions with the company's success through remuneration agreements. The idea is that the CEO's performance adds value to the organization. “Pay for performance” is the mantra most companies use when describing compensation plans.

Most people can support the idea of ​​paying for results, but this concept implies that the CEO takes risks. The CEO's wealth should scale with the company's wealth. When considering a company's compensation program, look at the extent to which management is involved in generating returns for investors.

Learn more about Executive Compensation here : brainly.com/question/14391055

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4 0
2 years ago
Joe Santos owns the only pizza parlor in a small town that is also home to a McDonald's, a Taco Bell, and a Kentucky Fried Chick
astra-53 [7]

Answer:

True

Explanation:

A more precise way to describe the situation is that Joe's pizza parlor is a monopolistic competition. But that definition considers that all 'food' items have some degree of close substitute relation.

But yes, if you consider this two conditions:

  1. a broad definition of monopoly
  2. other restaurants are not considered close substitutes for the food sold at the pizza parlor

Then yes, Joe has monopoly

5 0
4 years ago
Most child care providers will never find themselves caring for a child with asthma.
madam [21]

The correct answer is False

Explanation:

Child care providers are usually professionally prepared individuals who take care of children, this includes teachers, babysitters, nannies, counselors, etc. Additionally, child care providers can work in specific institutions such as schools or take care and supervise children in the child's home. In most cases, being a child care provider implies dealing with different children and therefore different personalities, needs, and conditions.

Due to this, it is common child care provides find themselves caring for a child with conditions such as measles, food allergies, bronchitis, and even asthma. In the case of asthma, this is can be found in around 10% of children, and therefore it is not extremely uncommon child care providers had to take care of a child with asthma.

4 0
3 years ago
According to the law of​ supply, as the price of the good decreases​, it causes A. a movement downward along the supply curve. B
Alexandra [31]

Answer:

A. a movement downward along the supply curve.

Explanation:

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

This accounts for why the supply curve is positively sloped.

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Please check the attached image for a graph showing the supply curve

3 0
3 years ago
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