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ELEN [110]
3 years ago
9

Swifty Company took a physical inventory on December 31 and determined that goods costing $170,000 were on hand. Not included in

the physical count were $20,000 of goods purchased from Pelzer Corporation, FOB shipping point, and $18,000 of goods sold to Alvarez Company for $26,000 FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Swifty report as its December 31 inventory
Business
1 answer:
zysi [14]3 years ago
7 0

Answer:

December 31 inventory = $208,000

Explanation:

Given:

Goods costing = $170,000

Goods purchased = $20,000

Goods sold = $18,000 for $26,000

Computation:

December 31 inventory = $170,000 + $20,000 + $18,000

December 31 inventory = $208,000

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marin [14]

Answer:

The correct answer is A.

Explanation:

To maximize the profit you need to set a price where marginal cost equals marginal income. If marginal income is higher than marginal cost, each additional unit will increase income. If the marginal cost is higher than the marginal income, each additional unit will decrease income. Therefore, to maximize profit Cmg=Img.

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3 years ago
On july 1, shady creek resort borrowed $330,000 cash by signing a 10-year, 9% installment note requiring equal payments each jun
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The journal entry to record the first annual payment fot the loan to Shady Creek Resort is:

Date                      Account title                                  Debit          Credit

June, 30               Interest expense                        $27,000

                             Notes payable                             $24,421

                            Cash                                                               $51,421

<h3>How is the first annual payment recorded?</h3>

The interest expense is:

= 330,000 x 9%

= $27,000

Notes payable is:

= 51,421 - 27,000

= $24,421

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2 years ago
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Answer:

Elastic energy?

Explanation:

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3 years ago
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3 0
2 years ago
Which of the following is a way to compute GDP?
jek_recluse [69]

Answer:

C. add up the market values of all final goods and services is the correct answer.

Explanation:

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