Answer:
Marigold should report an inventory amount of $265,000.
Explanation:
The term FOB (Free On Board) describes at what point the ownership of goods is transferred from the seller to the buyer. In case of FOB shipping point, the ownership of the goods is transferred to the buyer once the goods are shipped for transit. In case of FOB destination, the ownership of the goods is transferred to the buyer once the goods are received by the buyer.
Therefore, the goods in transit <em>purchased </em>by Marigold on FOB shipping point basis should be added to its inventory. The goods in transit <em>sold </em>by Marigold on FOB destination are also currently owned by Marigold so they shall also be added to its inventory.
The inventory amount to be reported by Marigold is computed as follows.
Physical inventory in hand $209,500
Add: Purchases on FOB shipping point basis $28,000
Add: Cost of goods sold on FOB destination basis $27,500
Inventory amount to be reported $265,000
Answer:
2
Step-by-step explanation:
Answer:
Acute
Step-by-step explanation:
Answer:
AC is the longest side
AB is the shortest side
Step-by-step explanation:
We can find the third angle
A+B+C = 180
55+80+C = 180
135+C = 180
C = 180-135
C =45
The longest side is opposite the largest angle
B is the largest angle so AC is the longest side
C is the the smallest angle so AB is the shortest side
Answer:
Conclusion: ◇WAU ≅ ◇JAU
Reason: ASA theorem
Step-by-step explanation:
