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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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The purpose of a financial intermediary is to help channel funds
Triss [41]

Answer:

a. from one banks to another

Explanation:

3 0
3 years ago
Gulshan Parvana operates a machine shop in Istanbul, Turkey. She places bids on small projects in the metropolitan area. Which o
vitfil [10]

Answer:

A) number of projects completed

Explanation:

As Gulshan Parvana is operating a machine shop which generate revenue based on the bids on small projects. So, the most suitable basis for the allocation of utility cost is number of projects completed in the month. This basis drives the utility cost. As revenue and cost are based on the number of bids on projects won and completed in the period is the most suitable basis for cost assignment.

7 0
3 years ago
Cold Ice has a profit margin of 8.3 percent and a payout ratio of 42 percent. The firm has annual sales of $386,400, current lia
erastova [34]

Answer:

The internal growth rate is 4.36%

Explanation:

net income = 8.3%*386,400

                   = $32,071.20

net working capital = current assets – current liabilities

current assets – 37200 = 16700

                                        = $53,900

total assets = current assets + net fixed assets

                   = 53,900 + 391,500    

                   = 445,400

Then:

ROA = 53,900/445400

        = 0.072005

b = 1 - 48% = 0.52

internal growth rate = 0.072005*0.52/1 - (0.072005*0.52)

                                 = 0.041763/0.958237

                                 = 4.36%

Therefore, The internal growth rate is 4.36%

7 0
3 years ago
What are some negative effects of the traditional economy?
zalisa [80]
I think it’s D. All of the above
3 0
2 years ago
Suppose that there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the t
lions [1.4K]

Answer:

D)increase because the internet offers more substitutes

Explanation:

From the question we are are informed about a situation where there is only one small clothing store in the remote village of Green Acres, and until fairly recently all of the townspeople bought most of their clothing there. In the case that more people in Green Acres use the internet to shop for clothes, the price elasticity of demand for shirts at the Green Acres store will increase because the internet offers more substitutes.price elasticity of demand which is the degree to which there is a change in amount of quantity that is been demanded as a result in the change in price, so on this case as the Green Acres use the internet to shop for clothes the price elasticity of demand for shirts at the Green Acres store will increase and this is as a result of the substitute that is been provided by the internet.

Note that substitute in business means that both the shop online and the clothing stores in the village are offering same purpose. They are substitute.

3 0
2 years ago
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