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Anna [14]
2 years ago
12

Sheffield Inc. took a physical inventory at the end of the year and determined that $845000 of goods were on hand. In addition,

the following items were not included in the physical count. Sheffield, Inc. determined that $95500 of goods purchased were in transit that were shipped f.o.b. destination (goods were actually received by the company three days after the inventory count). The company sold $39500 worth of inventory f.o.b. destination that did not reach the destination yet. What amount should Sheffield report as inventory at the end of the year
Business
1 answer:
babunello [35]2 years ago
3 0

Answer:

$980,000

Explanation:

Calculation for What amount should Bell report as inventory at the end of the year

Goods on hand $845,000

Add Goods in transit $95,500

Add Goods out on consignment $39,500

Ending Inventory $980,000

($845,000+$95,500+$39,500)

Therefore the amount that Bell should report as inventory at the end of the year will be $980,000

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You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $5
Misha Larkins [42]

Answer:

$50

Explanation:

As per previous balance method the Interest is charged based on the opening balance of the Credit Card.

As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.

5 0
3 years ago
Annually, Monet Corp. awards each of its employees two weeks of paid vacation, which can be carried over if not used. As of Dece
Zina [86]

Answer:

$20,000

Explanation:

Calculation for the liability that should be reported for vacation pay

Using this formula

Liability=Vacation weeks*Compensation averaged per week for Year 1

Let plug in the formula

Liability=20 weeks × $1,000 per week

Liability = $20,000

Therefore the amount of liability that should be reported for vacation pay will be $20,000

5 0
3 years ago
gAlex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex
kipiarov [429]

Complete question:

Alex has been the highest performer within his department for the last five years. Vera, the Head of the Division in which Alex works, has decided to promote Alex to reward him for his hard work and dedication to the firm. Vera believes that his technical proficiency will inspire the rest of the team to work harder and become more accurate.

Is Vera's reasoning sound? Does Alex's technical proficiency help to ensure his success as a manager?

a. Yes, Alex's high expectations will make him a better manager.

b. No, human relations skills are just as important as technical expertise.

c. Yes, technical proficiency is the key to managerial success.

d. Yes, technical proficiency in a manager is inspirational to teams.

Answer:

(B) No, human relations skills are just as important as technical expertise.

<h3>What is technical expertise?</h3>
  • Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs.
  • From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.
  • Technical skills are the particular knowledge and competence required in real-world circumstances to complete certain jobs and use specific equipment and programs.
  • From information technology and corporate administration to health care and education, diverse technical abilities are necessary for almost every sector and industry.
<h3>What are relations skills?</h3>
  • This includes communicating openly, actively listening, cooperating, refusing improper social pressure, constructively negotiating disagreement, and seeking and offering assistance when needed.
  • Relationship skills are essential for personal and professional success.
  • Trust, respect, self-awareness, inclusiveness, and open communication are all required for a healthy professional relationship.
  • Let's take a closer look at each of these traits.
  • You can be open and honest in your ideas and actions when you trust your team members.

So, in this instance, Vera is attempting to argue that interpersonal skills are just as vital as technical skills.

Therefore, the correct option is (B) No, human relations skills are just as important as technical expertise.

Know more about technical skills here:

brainly.com/question/26895031

#SPJ4

5 0
2 years ago
What usually determines whether specialists in light steel or carpenters do the framing?
olga nikolaevna [1]

I would say people who do light steel usually redu things and carpenters can build at structure from scratch. And light steel specialists usually just work with light steel as those who are carpenter specialists usually work with many products.

I hope this helped.

7 0
3 years ago
Sunshine Blender Company sold 3000 units in October at a sales price of $45 per unit. The variable cost is $25 per unit. Calcula
Alekssandra [29.7K]

Answer:

Total contribution margin= $60,000

Explanation:

Giving the following information:

Units sold= 3,000

Selling price per unit= $45

Unitary variable cost= $25

First, we will calculate the unitary contribution margin:

Unitary contribution margin= 45 - 25= $20

Now, total contribution margin:

Total contribution margin= 3,000*20= $60,000

5 0
3 years ago
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