Answer:
Sheridan Company
The correct amount of inventory that Sheridan should report is:
= $367,100
Explanation:
a) Data and Calculations:
December 31 Inventory based on physical inventory =      $320,800
Goods held on consignment by Herschel =                            46,300
December 27, FOB destination goods ($22,000)                   0
Correct amount of inventory that Sheridan should report $367,100
b) Goods on consignment are generally the property of the consignor (supplier) and not the consignee's (retailer's).  Therefore, they must appear in the balance sheet of the consignor.  Goods on FOB destination remain the property of the supplier until they reach the buyer's destination.  This is why it is not included above.
 
        
             
        
        
        
Explanation:
To find the probability that the sample which fails to meet the required weight or the standard weight of the marshmallows having banana flavor if the process of production is working, such that probability for the weekly sample leads to shutdown of the production if the process of the production is running properly of  1 % of the probability that at least five boxes out of the twenty five sample fails to meet the standard weight which is less than one percent that is  
We know that for p = 0.8,   
Now using binomial simulation, we can determine that  for  p = 0.0452
 for  p = 0.0452
So the production process is to be redesigned for reducing the percentage of boxes of the Go Bananas of 16 ounces which failed to meet the required weight of the marshmallows having banana flavor if the production process is working properly to 5.42 percent.
 
 
        
             
        
        
        
Answer:
Net account receivable	
2021 $8,085	
2022 $5,335
Explanation:
Calculation for the net account receivable
2021	2022
Total account receivable	14,700	9,700
(33,200-18,500=14,700)
(48,200-38,500=9,700)
Less: Allowance for doubtful accounts	(6,615) (4,365) 
(45%*14,700=6,615)
(45%*9,700=4,365)
Net account receivable	8,085	5,335
(14,700-6,615=8,085)
(9,700-4,365=5,335)
Therefore Net account receivable will be :	
2021 $8,085	
2022 $5,335
 
        
             
        
        
        
Answer:
Reconciling the bank statement to the cash control account.
Explanation:
The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.
 
        
             
        
        
        
Answer: 
Explanation: A supply equation shows us the mathematical relationship between quantity supplied and the price of the good. Since price and supply are positively related, P must carry a positive sign in the supply equation. 
Given, supply is Qs=4P - 24 
P is the price paid by consumers in the market. 
When a $3 tax is levied , price sellers receive becomes P-T = P - 3
So, the new supply equation will be 
