1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
liraira [26]
3 years ago
5

Marigold Corp. took a physical inventory on December 31 and determined that goods costing $155,000 were on hand. Not included in

the physical count were $28,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $21,800 of goods sold to Alvarez Company for $30,400, FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Marigold report as its December 31 inventory
Business
1 answer:
patriot [66]3 years ago
3 0

Answer: $‭204,800‬

Explanation:

When a good is shipped FOB shipping point, it means that the buyer assumes responsibility for the goods as soon as the goods reach the place they will be shipped from. The purchase from Pelzer should therefore be included in inventory because it has already been shipped.

A good shipped FOB Destination means that the buyer only assumes responsibility after the goods have been delivered to them. As the sale to Alvarez was still in transit, it is still the responsibility of Marigold and should be included in inventory.

Inventory is therefore:

= 155,000 + 28,000 + 21,800

= $‭204,800‬

You might be interested in
All of the following are material resources for Toyota Motor Company except a. money. b. paint. c. steel. d. tires. e. factory.
Elodia [21]

Answer:

correct option is a. money

Explanation:

solution

we know that Toyota Motor Corporation is a Japanese automotive manufacturer company

so they material resource are paint and steel and tire and factory etc

but not money because money is a financial resource not a material resource

and all resource is depend on money

so here correct option is a. money

5 0
3 years ago
Read 2 more answers
How does the dynamic model of aggregate supply and aggregate demand explain​ inflation?
zaharov [31]

Answer:

The correct answer is the letter C. by showing that if total spending in the economy grows faster than total​ production, prices will rise

Explanation:

The dynamic aggregate supply and demand model explains inflation as follows: In the short run, an economy's production capacity is limited to existing factors of production, ie there is little room to increase the amount of capital and thus the supply of goods and services. Thus, if aggregate demand, that is, the economy's consumption capacity grows faster than production capacity, that is, to supply goods and services, there will be demand inflation, which happens when aggregate consumption pressures aggregate supply, raising price levels.

4 0
3 years ago
Jones Company developed the following static budget at the beginning of the company's accounting period: Revenue (8,000 units) $
Contact [7]

Answer:

the total cost in the flexible budget is $8,100

Explanation:

The computation of the total cost in the flexible budget is shown below;

Variable cost per unit is

=  $4000 ÷ 8,000 units  

= 0.50 per unit

The total cost for the flexible budget is

= Variable costs+ fixed costs

= 0.5 × 8,200 units + $4,000

= $4,100 + $4,000

= $8,100

Hence, the total cost in the flexible budget is $8,100

8 0
3 years ago
Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where agency terminates by ______.
RoseWind [281]

Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where an agency terminates by Operation of law.

This is further explained below.

<h3>What is the Operation of law.?</h3>

Generally, A legal circumstance in which a person acquires certain rights (or occasionally duties) without having to take any action, needs the cooperation of another person, or is the subject of a judicial order.

In conclusion, Incapacity or death, financial ruin, or the loss of property are some examples of situations that might result in the termination of an agency as a result of the operation of the legislation.

Read more about the Operation of law.

brainly.com/question/9780698

#SPJ1

7 0
2 years ago
Which of the following relies the most on the health of the economy?
guajiro [1.7K]

Answer: Trade Industries

Explanation:

Trade industries survive as long as people and businesses can afford to trade goods and services. If entities are unable to afford consumption for a reason such as a decline in income, the trade industries will suffer.

When the economy is not healthy, income levels of people will reduce and so trade industries will suffer as opposed to a healthy economy where entities can afford goods and services which will ensure the survival of trade industries.

8 0
3 years ago
Other questions:
  • A company has a complicated Sales process regarding its opportunities. The company has three different lines of business (Widget
    13·1 answer
  • How might an economist gather empirical data to test the proposed relationship between money and the price level?
    7·2 answers
  • Anthony and Michelle Constantino just got married and received ​$29,000 in cash gifts for their wedding. How much will they have
    10·1 answer
  • You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and
    6·1 answer
  • Directions: For each question, select the letter corresponding to the correctly written sentence.
    9·1 answer
  • ________ marketing consists of activities undertaken to create, maintain, or change attitudes toward particular people. People r
    7·1 answer
  • Direct materials information Medium speed bump Large speed bump
    12·1 answer
  • At the beginning of 2018, Artichoke Academy reported a balance in common stock of $168,000 and a balance in retained earnings of
    12·1 answer
  • Blue Spruce Corp. reported net income of $377000 for the year. During the year, accounts receivable increased by $27000, account
    11·1 answer
  • On January 2, 2020, Swifty Corporation wishes to issue $5100000 (par value) of its 7%, 10 year bonds. The bonds pay interest ann
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!