Answer:
Option (b) is correct.
Explanation:
Correct amount of inventory to be reported:
Amount of inventory as per physical verification = $320,000
Cost of goods under consignment to Herschel Corporation = $47,000
Value of inventory to be reported:
= Amount of inventory as per physical verification + Cost of goods under consignment to Herschel Corporation
= $320,000 + $47,000
= $367,000
Answer:
d.is the cumulative total of net income, minus net losses, and minus dividends.
Explanation:
As we know that
The stockholder equity statement involves the common stock and the retained earnings statement
It is prepared to find out the ending balance of common stock and the retained earning that is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income or minus net loss - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issuance of the shares
Answer:
Option (C)
Explanation:
Guaranteed insurability rider is a person who is responsible to sell extra life insurances to the owners who already have life insurance. They visit the clients and attract them to buy a new one. Similarity, the rider usually charge premiums, but if an owner of life insurance is ill or seriously injured only then no additional premium is charged.
New innovation and technology resulted into new business and made Japan a developed countryI believe the closest possible answer to this question is that Japan's prolific inventions were an advantage to the country, in that, they were able to produce business and generate a more efficient system through science and technology.
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Answer:
the 17,941 units should be produced and sold
Explanation:
The computation of the number of units that should be generated and sold is shown below:
Let us assume the number of units be n
Now as we know that
Total labor cost = variable cost + fixed cost
So the equations are
For labor intensive = $33,8000 + 143 n
And
For capital intensive = $1,244,000 + $92.5n
It could be written as
$1,244,000 + $92.5 n < $338,000 + $143 n
After solving it
n> 906,000÷ 50.5
n>17941
And,
$1,244,000 + $92.5 n < 197 n
After solving it
n>$1,244,000 ÷ 104.5
n>11,904
So the highest is 17,941
Therefore the 17,941 units should be produced and sold
