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
avanturin [10]
3 years ago
9

Concord Inc. had beginning inventory of $11,900 at cost and $21,000 at retail. Net purchases were $140,679 at cost and $183,000

at retail. Net markups were $10,900, net markdowns were $7,500, and sales revenue was $132,700. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Business
1 answer:
trasher [3.6K]3 years ago
6 0

Answer:

See

Explanation:

Retail inventory - Conventional method

Cost Retail

Beginning inventory 11,900 21,000

Purchases 140,679 183,000

Add: Mark up --- 10,900

Current year addition 140,679 193,900

Goods available for sale 152,579 214,900

Less: Mark down ----- 7,500

Sales ----- 132,700

Ending inventory retail ----- 74,700

Ratio of goods available for sale (152,579/214,900) 71%

Ending inventory 53,037

You might be interested in
Cool Gelato uses various sizes of foam cups. The use of 8oz foam cups is constant throughout the year, and Cool Gelato expects t
ruslelena [56]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
In a proceeds transaction: I. a customer directs that a position be sold; and the funds generated from the sale be used to buy a
Serggg [28]

Answer:

I and  IV

Explanation:

A proceed transaction is a type of transaction in securities where a broker uses the proceeds of the sales of a security to buy another security , still constituting a transaction. (option 1)

A proceed transaction is subjected to a combined mark - up or commission , where the mark up earned on the disposed security is added to the mark up earned on the new security bought in replacement , which must be reasonable and fair. (option iv)

6 0
3 years ago
rankings as well as word of mouth from satisfied customers drive additional sales for automotive companies. however, because thi
Lera25 [3.4K]

So, A has to apply for Sales Orientation Strategy.

All a deals situated with Sales Orientation is one in which an organization concentrates it's showcasing endeavors on selling the item that they produce. This procedure is viable for organizations that sell 'unsought' merchandise, for example, internment plots and disaster protection(life insurance), and yet can be hazardous for other people.

So, If A company start focus 100% on their marketing strategy they definitely achieve more and more customer for their Automotive company and it creates the best Ranking and good or excellent Word-of-Mouth.

Word-of-Mouth showcasing is the point at which a customer's advantage in an organization's item or administration is reflected in their day-to-day dialogues.

Rankings in Web optimization allude to a site's situation on the web crawler results page.

To learn more about Sales Orientation.

brainly.com/question/28360584

#SPJ4

7 0
2 years ago
What are some possible reasons Waymo entered an alliance with Lyft? Are there any reasons Waymo would prefer Lyft over Uber as a
cricket20 [7]

Answer:

(1) To gain dominance in the Autonomous driving Technology.

(2) To utilize the vast network of drivers of Lyft to enhance the use of its technology

(3) To strategically place itself to compete favourably with other Autonomous driving Technology firms.

(4) To enhance its performance and profitability.

PART B

Lyft has a better transparent and user friendly application generally people trust their app in terms of pricing and trip duration.

LYFT HAS A BETTER REPUTATION THAN UBER WHICH HAS BEEN INVOLVED IN SERIES OF SCAMS IN 2017.

Explanation:

Waymo is a sister company to Google owned by alphabet inc., It is an autonomous driving Technology company with a state of the art Technology in the self driving cars.

Lyft is an American company which is involved in car lift,car hailing, car sharing etc services in major cities of the United States of America, it has developed a vast network of drivers and routes through out the United States.

The alliance between Waymo and Lyft was mainly to help both entities leverage on the competence of each party for the greater good of Both Companies.

4 0
4 years ago
Identify the true statements about final offer arbitration. (Check all that apply.) Multiple select question. It reduces the chi
meriva

Final offer arbitration is often regarded as a public process only meant for disputes that are monetary in nature.

The true statements about final offer arbitration are:

  • It reduces the chilling effect of conventional arbitration.

  • It requires the arbitrator to select between the union's or the employer's final offer

Final offer arbitration as a public process when applied to individual is used when an individual and the other party want to a dispute are are unable to resolve the matter through mediation.

In final-offer arbitration, the two parties that are involved in the dispute often submit final offers to an arbitrator.

The arbitrator then chooses the binding solution that matches the one that is closest to his own view of the right outcome

Learn more from

brainly.com/question/13873133

4 0
3 years ago
Other questions:
  • Windsor, Inc. reported the following selected information at March 31. 2017 Total current assets $234,000 Total assets 440,000 T
    9·1 answer
  • One who brings resources into Combinations that man
    12·1 answer
  • The primary purpose of _________ behaviors is to enhance employees’ skills and to create positive work relationships among cowor
    14·1 answer
  • On May 9, 2013, Calvin acquired 250 shares of stock in Aero Corporation, a new startup company, for $68,750. Calvin acquired the
    7·1 answer
  • How could I study and prepare myself for my ged test all subjects
    13·1 answer
  • Computing and Assessing Plant Asset Impairment On July 1, Arcola Company purchases equipment for $330,000. The equipment has an
    6·1 answer
  • Crane Enterprises reported cost of goods sold for 2020 of $1,290,700 and retained earnings of $4,708,100 at December 31, 2020. C
    8·1 answer
  • Revenue is recorded when services have been performed or products have been delivered to customers. The accounting principle sup
    10·1 answer
  • Jobs sights on the internet tend to be all alike. True or false?
    11·1 answer
  • PLEASE HELP
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!