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ziro4ka [17]
3 years ago
9

Bedrock Company reported a December 31 ending inventory balance of $414,500. The following additional information is also availa

ble: The ending inventory balance of $414,500 included $73,700 of consigned inventory for which Bedrock was the consignor. The ending inventory balance of $414,500 included $25,400 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. Based on this information, the correct balance for ending inventory on December 31 is:
Business
1 answer:
Rashid [163]3 years ago
5 0

Answer:

$389,100

Explanation:

Calculation to determine what the correct balance for ending inventory on December 31 is:

Using this formula

Ending inventory on December 31=Ending inventory balance-Office supplies

Let plug in the formula

Ending inventory on December 31=$414,500- $25,400

Ending inventory on December 31=$389,100

Therefore the correct balance for ending inventory on December 31 is:$389,100

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Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash and inventory with a fair valu
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Answer:

$2,000 capital loss

Explanation:

Randolph recognizes a $2,000 capital loss because RD distributes only cash and inventory and the adjusted bases of the property distributed is less than his basis in RD.

7 0
3 years ago
Clarissa strives to keep the department running smoothly, delivering services to customers on time and under budget. A _________
Tatiana [17]

Answer:

The correct word for the blank space is: transactional leader.

Explanation:

Transactional leadership is the type of managerial leadership in which the leader motivates the performance of the subordinates through a system of rewards and punishments. It means the leader rewards those employees who perform their duties efficiently and punishes those who do not meet the expectations, provoking in such a way that the employees work the best way possible.

Therefore, <em>if Clarissa provides her subordinates rewards if they do their jobs well, she is likely to be a transactional leader.</em>

4 0
4 years ago
Selected financial data regarding current assets and current liabilities for Queen’s Line, a competitor in the cruise line indus
RSB [31]

Answer:

Current ratio = 0.33 times

Acid test ratio = 0.29 times

Explanation:

• Current ratio

Current ratio = Total current assets ÷ Total current liabilities

= $875 ÷ $2,638

= 0.33 times

• Acid test ratio

Acid test ratio = Quick assets ÷ total current liabilities

Where,

Quick assets = Total current assets - Inventory

= $875 - $116

= $759

Recall total current liabilities = $2,638

Therefore,

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Acid test ratio = 0.29 times

8 0
3 years ago
Which of the following actions can be considered good business etiquette?
Crazy boy [7]
The answer is A, switching your cell phone off before you enter a meeting.
5 0
3 years ago
Which is a disadvantage of having a traditional economy?
saul85 [17]
The best and most correct answer among the choices provided by your question is the second choice or letter B. A lower standard of living one of the disadvantages of having a traditional economy.

Traditional economy is an original economic system in which traditions, customs, and beliefs shape the goods and the services the economy produces, as well as the rules and manner of their distribution. Countries that use this type of economic<span> system are often rural and farm-based.
</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly.



7 0
3 years ago
Read 2 more answers
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