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
Oduvanchick [21]
3 years ago
10

A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used

car if additional costs include $100 for transportation-in. $170 for shipping insurance. $800 for car import duties. $140 for advertising. $1,400 for sales staff salaries. $150 for trimming shrubs.
Business
1 answer:
bagirrra123 [75]3 years ago
8 0

Answer:  

<h2>$13,070 </h2>

Explanation:  

The Cost of inventory = all cost of purchase; including costs of conversion and transfer.

Calculation of Inventory Cost FOB ship.  

Cost of Purchase $12,000  

Transportation-in       $100

Shipping insurance    $170

Car import duties      $800

Total Cost              $13,070

You might be interested in
If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and e
Ksju [112]

The required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8

If the required reserve is 10%, the currency reserve multiplier is 10 and the currency supply should be 10 times the reserve. A reserve requirement ratio of 10% also means that banks can lend out 90% of their deposits.

The reserve ratio can be calculated by simply dividing the amount a bank must hold in reserves by the amount the bank has on deposit. For example, if he has $10 million in bank deposits and needs to hold $500,000 in reserves, the required reserve ratio is 1/20, or 5%.

The ratio of required reserves to deposits. A reserve ratio of 10% means that banks must hold 10% of their deposits as a reserve.

Learn more about reserve ratio at

brainly.com/question/13758092

#SPJ4

3 0
2 years ago
A zero-sum situation is a situation in which individuals are so linked together that there is a positive correlation between the
pashok25 [27]
The answer is "false"
3 0
3 years ago
Carey Company had sales in 2016 of $1,560,000 on 60,000 units. Variable costs totaled $900,000, and fixed costs totaled $500,000
user100 [1]

Answer:

Results are below.

Explanation:

<u>Giving the following information: </u>

Selling price per unit= 1,560,000 / 60,000= $26

Unitary variable cost= 900,000 / 60,000= $15

Fixed costs= $500,000.

<u>First, the income statement without the changes:</u>

Sales= 1,560,000

Total varaible cost= (900,000)

Contribution margin= 660,000

Total fixed costs= (500,000)

Net operating income= 160,000

<u>Now, with the changes:</u>

Unitary variable cost= (15*0.8)= 12

Selling price= 26 - 1.5= $24.5

Sales in units= 60,000*1.05= 63,000

Fixed costs= 500,000 + 100,000= $600,000

Sales= 24.5*63,000= 1,543,500

Total variable cost= (12*63,000)= (756,000)

Total contribution margin= 787,500

Fixed costs= (600,000)

Net operating income= 187,500

3 0
3 years ago
There are three rooms. The first one is filled with very important papers. The second one is filled with money. The third one is
Kryger [21]
All of them at the same time? This is hard.... 0.0
8 0
3 years ago
Read 2 more answers
Does the Constitution set down the rights of the people? Yes or No
Dmitry_Shevchenko [17]

Answer:

yes

Explanation:

the constitution does set down the rights of the people like right to freedom and right to equality

4 0
3 years ago
Read 2 more answers
Other questions:
  • Ruth gives Seth a computer as a gift. Using the computer, Seth develops a new game, for which he obtains intellectual property p
    8·1 answer
  • Packages arrive at a facility at a rate of 30 per hour and are processed continuously at a rate of 25 per hour. The facility is
    8·1 answer
  • In early 2008, you purchased and remodeled a 120-room hotel to handle the increased number of conventions coming to town. by mid
    6·1 answer
  • Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $ 130,000 Dire
    15·1 answer
  • The insured owns an older home with lath and plaster walls. Following a kitchen fire, the insurance company pays to have the wal
    6·2 answers
  • Clayton does well at work. He his strong, productive relationships with co-workers and is motivated to achieve and get promotion
    13·1 answer
  • FaveMart, a discount chain store, offers the same basic products in all of its stores. It has a state-of-the-art distribution ne
    6·1 answer
  • Two firms are ordered by the federal government to reduce their pollution levels. Firm A’s marginal costs associated with pollut
    10·1 answer
  • Prepare the journal entries to record these transactions on Wildhorse Co.’s books using a periodic inventory system. (If no entr
    5·1 answer
  • Mrs Blake is paid a weekly wage of $248. During a certain week she worked 5 hours
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!