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
disa [49]
3 years ago
9

Concord Inc. took a physical inventory at the end of the year and determined that $783000 of goods were on hand. In addition, Co

ncord, Inc. determined that $55000 of goods that were in transit that were shipped f.o.b. shipping point were actually received two days after the inventory count and that the company had $91000 of goods out on consignment. What amount should Concord report as inventory at the end of the year
Business
1 answer:
Lina20 [59]3 years ago
5 0

Answer:

$929,000

Explanation:

Calculation for the amount that Concord should report as inventory at the end of the year

Using this formula

Inventory=Ending physical inventory+Goods in transit+Goods out on consignment

Let plug in the formula

Inventory=$783,000+$55,000+$91,000

Inventory=$929,000

Therefore the amount that Concord should report as inventory at the end of the year will be $929,000

You might be interested in
6. Problems and Applications Q6 Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy
DaniilM [7]

Answer: The answer is given below

Explanation:

True.

It is true that Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets.

False.

The high rate of the tax doesn't guarantee that it will bring about a large revenue. It should be noted that due to the rise in the tax rate, the revenue of the citizens will start to decrease. Here, we are even talking about a tax rate of 10,000 percent, this is a very high rate and can even lead to the tax revenue to almost be at zero level.

Senator Moynihan have proposed the tax rate in order to discourage the use of hollow-tipped bullets. He believed due to the high rate of tax, this will discourage people from purchasing it and hence lead to reduction in crime rate and other social vices associated with gun killing.

5 0
3 years ago
According to our records, the account "2UgLy" was removed for breaking many of our guidelines. This includes posting spam/unhelp
BigorU [14]

Answer:

BTW almost everyone ch.ats in the comments, and some people also plagiarize not just that person FYI

8 0
3 years ago
Services differ from manufacturing for all of the following reasons EXCEPT: a. Heterogeneity b. Time-perishable capacity c. Simu
wolverine [178]

Answer:C. Simultaneous production and consumption.

Explanation:

Production and consumption occuring at the same time will not make products to differ.

Heterogenity which refers to different qualities in firms will lead to different products. Time perishable capacity which means idle time during low patronage will still allowed products differences, Abilities to limit the discretionary input of personnel will not debar product differences and Customer provides significant input into the process will allowed products differences.

4 0
3 years ago
Assume a domestic company in the US, let's say Colgate-Palmolive, is deciding to export to a country where to date Colgate produ
MrMuchimi

Answer:

agent method of entry

Explanation:

Agent method of entry will demonstrate lower fixed costs associated.

8 0
3 years ago
Read 2 more answers
Which is true about the workplace of Construction workers? It can change. It is never outdoors. It can be in an existing buildin
rosijanka [135]

Answer:

#1, It can change and #3, it can be in an existing building to repair or remodel

Explanation:

Construction is not at a desk.

6 0
3 years ago
Read 2 more answers
Other questions:
  • What does a realtor do?
    5·1 answer
  • The accumulated net income earned since the inception of the corporation and not yet paid to shareholders is referred to as_____
    5·1 answer
  • The only income Ramon needs to report on his Schedule C is his income from Form 1099-K, Payment Card and Third Party Network Tra
    9·1 answer
  • Cell phone companies found that when they raised the price of connecting to wireless hot spots, demand decreased more than propo
    9·2 answers
  • Firms A and B both issued 20-year bonds on the same date that have identical features except for the coupon rates. However, Firm
    8·1 answer
  • Segment Contribution Margin Analysis The operating revenues of the three largest business segments for Time Warner, Inc., for a
    11·1 answer
  • Four fundamental factors affect the cost of money:
    13·1 answer
  • If $396 is invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in
    9·1 answer
  • There are two FICA taxes withheld from your paycheck: Social Security (6.2%) and Medicare (1.45%). Your gross pay for this month
    12·1 answer
  • Step 3: Creating a Balanced Family Budget
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!