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
Otrada [13]
2 years ago
10

Arendelle Enterprises has inventory of $667,000 in its stores as of December 31. It also has two shipments in-transit that left

the suppliers' warehouses by December 28. Both shipments are expected to arrive on January 5. The first shipment of $128,000 was sold f.o.b. destination and the second shipment of $80,000 was sold f.o.b. shipping point. What amount of inventory should Arendelle report on its balance sheet as of December 31
Business
1 answer:
konstantin123 [22]2 years ago
4 0

Answer:

$747,000

Explanation:

Calculation to determine What amount of inventory should Arendelle report on its balance sheet as of December 31

December 31 Inventory $667,000

Add Second shipment f.o.b. shipping point of $80,000

December 31 Inventory $747,000

($667,000+$80,000)

Therefore What amount of inventory should Arendelle report on its balance sheet as of December 31 is $747,000

You might be interested in
The National Security Agency gathers and analyzes meta-data such as numbers, e-mail addresses and locations from cell phones and
Elina [12.6K]
False is the answer
3 0
3 years ago
Edward is considering buying a home using credit. What are three questions he should ask himself to ensure he is using credit re
Contact [7]
Three of the most important questions he needs to ask are the following: 1. Are you making a big purchase? This is important because the bigger the pruchase the better attention he needs to have into interest rates. 2. <span> How are you paying off your card balance?</span> the payment can be in one payment or in different ones. And 3. <span> Would you like free bonuses with your purchase? some credits offer that some others not. It is very important to have that in mind</span>
5 0
2 years ago
Carrington Corp. uses a periodic system and the LIFO method. Carrington had beginning inventory of 30 units purchased at $120 ea
dimulka [17.4K]

Answer:

the cost of ending inventory is $1,680

Explanation:

The computation of the cost of ending inventory is shown below:

But first determine the ending units

Ending inventory units is

= 30 units + 34 units + 61 units + 160 units -271 units

= 14 units

Now

The Cost of ending inventory is

= 14 units × $120

= $1,680

hence, the cost of ending inventory is $1,680

And, the same is to be considered

5 0
2 years ago
John Chong is an inexperienced entrepreneur in global business. He wants to sell his product, Zulu doll, a toy for kids below th
SSSSS [86.1K]

Answer:

c. identification of the basic appeal for markets

Explanation:

As John is an inexperienced businessman and wants to sell his Zulu doll product, a toy for children who have less than 8 years in every part of the world and want to keep the cost low

So first thing he should do is feasible study whether his product is feasible or not and then identify the market with respect to the price, quality, competitors, etc so that he get a good idea

7 0
3 years ago
Jose goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food. He does not go back for a four
kkurt [141]

Answer:

The marginal utility of the fourth plate is zero or below zero

Explanation:

The reason is that the law of diminishing marginal utility says that the marginal utility of a product declines upon continuous consumption of that item. This means that the utility before the consumption of first buffet was high and when the second buffet was consumed by the same person the utility was further reduced and so on. This means that the utility must be positive which if is higher enough then the customer is will to pay and eat the buffet again. If it is zero or below zero the customer is not willing to pay for the buffet. This is the reason the person doesn't ordered the item again.

You can not eat the same buffet for all the 365 days. This means the taste of a tasty food fades away after some time or I would say that the utility is gone. Same is the case when you will keep using cellphone for a period and then sell it or dispose it because the item doesn't entertains you or in other words the utility has significantly fallen and is almost zero or below zero.

5 0
3 years ago
Other questions:
  • Lease A does not contain a bargain purchase option, but the lease term is equal to 90% of the estimated economic life of the lea
    13·1 answer
  • ___________ is the management function of creating a vision for the organization and guiding, training, coaching, and motivating
    9·1 answer
  • What is consumer credit?
    8·1 answer
  • The amount of income that would result from an alternative use of cash is called:_______.
    12·1 answer
  • A stock had annual returns of 16 percent, 8 percent, -17 percent, and 21 percent for the past four years. Based on this informat
    11·1 answer
  • The..... , ....... and.....of three-dimensional figures can be measured.
    8·1 answer
  • Royce Co. acquired 60% of Park Co. for $420,000 on December 31, 2019 when Park's book value was $560,000. The Royce stock was no
    10·1 answer
  • Listing contracts, disclosures, and seller net sheets all have to do with<br> an understanding of:
    7·1 answer
  • Early access to medical care, from ems through reperfusion, improves overall outcomes by:________
    7·1 answer
  • an owner of a small publishing company allowed a friend who was starting a handmade soap business to load the publishing company
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!