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natta225 [31]
3 years ago
6

On December 31 of the current year, Plunkett Company reported an ending inventory balance of $211,500. The following additional

information is also available: Plunkett sold and shipped goods costing $37,300 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $211,500. Plunkett purchased goods costing $43,300 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $211,500. Plunkett's ending inventory balance of $211,500 included $14,300 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.) Plunkett's ending inventory balance of $211,500 did not include goods costing $94,300 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end. Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:
Business
1 answer:
Aloiza [94]3 years ago
6 0

Answer:

$153,900

Explanation:

Calculation the amount that Plunkett should report in ending inventory on December 31

31 December Ending Inventory=$211,500 - $43,300 - $14,300

31 December Ending Inventory=$153,900

Therefore the amount that Plunkett should report in ending inventory on December 31 is $153,900

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A firm's year-end price on its common stock is $55. The firm has a profit margin of 6 percent, total assets of $75 million, a to
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Answer:

34

Explanation:

Price/Earning ratio (PE) = Price per Share ÷ Earnings per share

where,

Earnings per share = Net Income ÷ Number of Common Stock Outstanding

                                = (0.9 x $75 million x 0.06) ÷ 2.5 million shares

                                = 1.62

therefore,

Price/Earning ratio (PE) =  $55 ÷ $1.62 = 33.95 or 34

7 0
3 years ago
English language learners (ells), who are typically immigrant children, are at a greater risk for lower socioemotional and acade
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A study of the growth of English language learners (ELLs) in first-time kindergarten students (N = 19,890) from kindergarten through eighth grade was conducted.

Growth curve analyses showed that, when other factors were held constant, ELLs continued to improve at a steeper rate on these social/behavioral outcomes than their native English-speaking peers.

In kindergarten, teachers rated ELLs more favorably on approaches to learning, self control, and externalizing behaviors than native English speakers did.

Depending on the grade at which English competence is reached, ELLs and native English speakers achieve reading and math skills differently.

To be more precise, ELLs who were proficient by the time they entered kindergarten kept up with native English speakers in both reading and math initially and over time.

ELLs who were proficient by the time they entered first grade had modest gaps in reading and math achievement compared to native English speakers that either narrowed or persisted over time.

Learning English before entering kindergarten is associated with superior cognitive and behavioral results through the eighth grade for students whose first language is not English.

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8 0
2 years ago
Suppose that Spain and Austria both produce rye and stained glass. Spain's opportunity cost of producing a pane of stained glass
Fiesta28 [93]

Answer:

Spain for the first part and Austria for the second part.

Explanation:

The solution to the question is to determine which of the countries have a comparative advantage in producing stained glass among the two countries.

Comparative advantage represents the ability of an economy or country to produce a good or render a service at opportunity costs lower than other countries or fellow trade partners. Ability to produce at lower opportunity costs simply means that country or economy will produce the good at a lower cost and realise stronger margins in terms of sales and profit.

<u>Spain's opportunity cost of producing a pane of stained glass is 5 bushels of rye</u>

<u>While Austria's opportunity cost of producing the same pane of stained glass is 10 bushels of rye.</u>

Therefore, Spain has a lower opportunity cost and has comparative advantage over Austria in producing stained glass.

Also, Austria has a comparative advantage over Spain in the production of rye.

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4 years ago
If the company uses the horizontal linkage model, how can the software development department expect to do its work? Check all t
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Answer:

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Horizontal linkage model, gives room to departments in an organization to have relationship in working out new product such as commercial products.horizontal linkage model gives room for a good relationship between worker/employee within a particular organization.

If the company uses the horizontal linkage model, the software development department are expected to do its work by taking actions such as;

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✓ the relationship the model create will allow the software development employees to communicate with research and marketing departments

if new product ideals cannot be brought to market in a timely or cost-effective manner.

✓development employees will

have a team parformance, to collect data and make decisions.

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4 years ago
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Answer:

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