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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

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The right answer is, 3. Situation analysis.

Explanation:

The situational analasis in a company, makes reference to all those methods that the manager uses to analyze the internal and external environment of the organization, with which the current situation of the company is defined and what are the opportunities it has to continue moving forward.

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4 years ago
Panjim's 2005 cash flow from operations is:________.
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Answer:

I think it is D I hope this helps if it didn't tell me

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3 years ago
Progressive relaxation: a. incorporates imagery. b. consists of alternately tensing and relaxing your muscles. c. uses weight tr
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Answer:

option B        

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4 years ago
When discussing economic growth, it is often useful to focus on ____________, to avoid studying changes in the size of GDP that
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Answer:

GDP per capita

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3 years ago
"Sony introduces a new compact music player to compete with Apple’s iPod that carries a two-year warranty against manufacturer’s
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Answer:

$400,000

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