Answer:
$15,350
Explanation:
Merchandise inventory can be defined as the cost of goods which is for sale at any given period of time in which the distributor or wholesaler acquire from their suppliers with an intention of selling them.
Costs of goods incurred $12,500
Goods shipped to the buyer $950
Additional costs of goods acquired $1,900
TOTAL $15,350
Therefore the buyer’s total cost of merchandise inventory is $15,350
Answer:
a. equilibrium, and the price will not change
Explanation:
At equilibrium, quantity supplied equals quantity demanded. There is no incentive for prices to change.
Above the equilibrium price, there is a surplus, and the price will fall.
Below the equilibrium price, there is a shortage and prices would rise.
I hope my answer helps you
Gap's cost of goods sold is $10,258 million and Cash paid to supplier is $10,447 million.
Let understand that Cost of good sold refers to amount of expenses incurred to produce the goods produced by a firm.
- The formulae for deriving the Cost of Goods Sold is {Beginning Inventories + Purchases – Ending Inventories}.
- Information given are <em>Purchased inventories $10,392, Ending inventories $2,131 and Beginning inventories $1,997</em>
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Cost of goods sold = $1,997 + $10,392 - $2,131
Cost of goods sold = $10,258
- In conclusion, the amount of Gap's cost of goods sold is $10,258
Let understand that Cash paid to accounts payable refers to net amount paid to supplier of goods.
- The formulae for deriving the Cash paid to accounts payable is Beginning balance for 2015 + Purchases - Ending balance for 2015
Cash paid to accounts payable = $1,181 + $10,392 - $1,126
Cash paid to accounts payable = $10,447
- In conclusion, the amount of Gap's Cash paid to supplier is $10,447
Learn from similar solution here
<em>brainly.com/question/16805564</em>
The scenario that's illustrated regarding the property in this case is improper dominion.
<h3>What is dominion?</h3>
It should be noted that in law, dominion simply means the right to control the ownership of a a property.
In this case, since Mechelle has allowed people to camp and park in the backwoods of the property, leaving piles of trash everywhere and thereby diminishing the value of the property, this illustrates improper dominion.
Learn more about property on:
brainly.com/question/2475734
Answer:
The answer is: 44 days
Explanation:
First we have to calculate accounts receivable turnover for Gervais Manufacturing:
= $500,000 / [($80,000 + $40,000) / 2] = $500,000 / $60,000 = 8.33 times
Then to calculate the average collection period for accounts receivable we:
= 365 days / 8.33 = 43.8 days ≈ 44 days
