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
aksik [14]
3 years ago
7

Windsor Company took a physical inventory on December 31 and determined that goods costing $191,500 were on hand. Not included i

n the physical count were $24,510 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $21,620 of goods sold to Alvarez Company for $29,090, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Windsor report as its December 31 inventory?
Business
1 answer:
WINSTONCH [101]3 years ago
7 0

Answer:

$237,630

Explanation:

Windsor report as its December 31 inventory:

= Inventory in hand as per physical count + Goods purchased from P corporation under FOB shipping basis + Cost of goods sold to A company under FOB destination basis

= $191,500 + $24,510 + $21,620

= $237,630

Therefore, the amount to be reported by Windsor company is $237,630.

You might be interested in
Ivanhoe Company issued $1520000 of 6%, 5-year bonds at 95, which pay interest annually. Assuming straight-line amortization, wha
Mashutka [201]

Answer:

the journal entry to record bond issuance:

Dr Cash 1,444,000

Dr Discount on bonds payable 76,000

    Cr Bonds payable 1,520,000

amortization of discount on bonds payable = $76,000 / 5 = $15,000

coupon payment = $91,200

total interest expense per year = $106,200

total interest expense for the 5 year period = $106,200 x 5 years = <u>$531,000</u>

<u />

6 0
3 years ago
Grandfather clocks have a particular market in auctions. One theory about the price at an auction is that it is higher when ther
anastassius [24]

Answer:

t value is 1.495

Explanation:

The null and alternative hypothesis are :

H0 : mu = 1327

ha: mu > 1327

This is a one tailed test

Critical value = 1.771

at 0.05 significance level with df = 14-1 = 13

test statistics:

s = 411.53, n = 14

t = (xbar -mu)/(s/sqrt9n))

= ( 1491.43 - 1327)/(411.53/sqrt(14))

= 1.495

Decision:

Reject H0 if tstat > 1.771

Fail to reject H0

5 0
3 years ago
Mini Mart suspects that Junior is stealing candy. The next time Junior comes into the store, the manager at Mini Mart detains Ju
max2010maxim [7]

Answer:

The mini mart manager actually doing the right thing.

But The police still come and ask for the proof from the managers for the basis of the accusation

Explanation:

Most states in united states allowed Business establishment to legally detained the people who they suspect to be stealing. This action is protected under the probable cause.

But , there are several requirements that the business onwer needs to follow:

- They shall not intentionally harm the suspects

- They shall not publish the information about the case to the public unless the court determine that the suspect is guilty.

- The basis of the detain must be reasonable.

In the case above, the police will most likely come and ask the manager to provide proof. (usually by looking at the camera footage in the store or witnesses) . If the police believe the proof to be sufficient,  the suspect will be processed accordingly.

3 0
3 years ago
An electric power plant uses solid waste for fuel in the production of electricity. the cost Y in dollars per hour to produce el
ELEN [110]

Answer:

The value of X that gives maximum profit is <u>15.92</u>.

Explanation:

Before answering the question, Y and Revenue (R) given in the question are first correctly restated as follows:

Cost = Y = 11 + 0.4X + 0.29X^2 .......................................... (1)

Revenue = R = 16X − 0.2X^2 .............................................. (2)

Differentiating each of equations (1) and (2) with respect to X to obtain marginal cost (MC) and marginal revenue (MR), we have:

dY/dX = MC = 0.4 + 0.58X .................................................. (4)

dR/dX = MR = 16 - 0.4X .......................................................  (5)

In production theory, profit is maximized when MR = MC. Therefore, we equate equations (4) and (5) and solve for X as follows:

0.4 + 0.58X = 16 - 0.4X

0.58X + 0.4X = 16 - 0.4

0.98X = 15.6

X = 15.6 / 0.98

X = 15.92

Therefore, the value of X that gives maximum profit is <u>15.92</u>.

5 0
3 years ago
What are the benefits of developing security assurance by focusing on the deliverable’s development environment versus its deplo
Lostsunrise [7]

Explanation:

Focusing on the environment of development is a means of concentrating on the cycle of quality checks which enters the deliverable into development A method of high quality production will lead to the safety of the deliverables.

In the context of delivery the deliverable is generally utilized. Clearly it is essential for a deliverable to perform well in the environment it works in.

8 0
3 years ago
Other questions:
  • Travel is generally divided into which two broad categories?
    7·1 answer
  • Marginal cost is calculated for a particular increase in output by A. multiplying the total cost by the change in output. B. div
    10·2 answers
  • How does unemployment rate help you determine if the economy is strong or weak
    6·1 answer
  • The following information for "2019" pertains to Bartley Corporation: Capital contributions by shareholders $50,000 Realized los
    8·1 answer
  • Question 9 of 10 Which of the following is a good example of responsible concern for consumer rights? O A. A construction compan
    11·1 answer
  • Which factors can affect a stock's price? Check all that apply.
    9·2 answers
  • Kumi, your coworker, has been working on his taxes for the last two months. If Kumi gets audited this year, he is likely to beli
    15·1 answer
  • Golden Arch Company uses the periodic inventory system. It has compiled the following information in order to prepare the financ
    9·1 answer
  • Combining the razor-razor-blade model and the subscription model means that telecom providers make their money through lengthy s
    8·1 answer
  • Which of these are centers that offer new businesses in the critical stage of early development low-cost offices with basic serv
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!