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
SVETLANKA909090 [29]
3 years ago
15

At December 31, 2020, the following information is available from Burnett Company’s accounting records. If sales are $510,000 an

d markdowns total $13,200, compute estimated inventory at the end of 2020 using the conventional retail method
Cost Retail
Inventory, January 1, 2020 $57,600 $96,350
Purchases 327,480 529,750
Net markups 15,700
Available for sale $385,080 $641,800
Calculate the ending inventory at cost would be:_________
Business
1 answer:
lapo4ka [179]3 years ago
5 0

Answer:

dcrrrrrrrr

Explanation:

You might be interested in
Assume that a Parent owns 80 percent of a Subsidiary that has 6 percent preferred stock outstanding with a reported par value of
DiKsa [7]

Answer:

Consolidated net income attributable to the noncontrolling interest $14,760

Consolidated net income attributable to the controlling interest $320,040

Explanation:

Computation of the amount of consolidated net income attributable to the noncontrolling interest and the amount of net income attributable to the controlling interest.

CONSOLIDATED NET INCOME attributable to the noncontrolling interest

First step is to find the Divide amount

Dividend =6% x $720,000

Dividend= $43,200

Second Step is to find the Net Income from Subsidiary

Net Income from Subsidiary= $117,000-$43,200

Net Income from Subsidiary=$73,800

Last step is to calculate consolidated net income attributable to the noncontrolling interest

Noncontrolling interest =$73,800 x 20%

Noncontrolling interest = $14,760

NET INCOME attributable to the controlling interest

First step is to find the controlling interest amount

Controlling interest=80% x $73,800

Controlling interest= $59,040

Last step is to find the Parent company income

Parent company income= $261,000 + $59,040

Parent company income= $320,040

Therefore Consolidated net income attributable to the noncontrolling interest is $14,760 while the Consolidated net income attributable to the controlling interest is $320,040

4 0
3 years ago
In part, a transaction affects the accounting equation by decreasing an asset. There is no effect on liabilities. Which of the f
Simora [160]

Answer:

If other assets are unchanged, stockholders' equity must be decreasing.

Explanation:

By using Accounting Equation as follow:

Asset = Equity + Liability

Tot make the equation balance we have to ensure that the effect on it will also has balancing effect.

Decrease in assets might result in decrease in equity or liability and increase in other assets, but here the liability is constant. There could be only two effect that decrease in equity and increase in other asset. There is no option which shows the increase in other asset. So the decrease in equity is the option will has correct effect to balance the accounting equation all other dis-balance the equation.

6 0
3 years ago
When the output of the collective farms and private plots were compared?
-Dominant- [34]
<span>The private plots were more productive
In collective farms, the land and the operations are mostly owned by the states.
This situation created lack of competition, which demotivates the farm's operators to increase the quality of the farms.
This will lead to private plots gaining more incentives to create a better output from their farms.</span>
5 0
3 years ago
In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte
likoan [24]

Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.

<h3>What is an equilateral triangle?</h3>

An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.

Since triangle LMN is an equilateral triangle, the following applies:

LN = LM = MN

∠LNM = ∠L = ∠LM = 60°

OP // MN (O and P are midpoint).

∠NPO = 90° + (90° - 60°) = 120°

∠PNO = ∠LNP/2 = 60/2 = 30°.

Therefore, ∠PON is given by:

∠PON = 180° - (∠PNO + ∠NPO)

∠PON = 180° - (30° + 120°)

∠PON = 180° - 150°

∠PON = 30°

Read more on equilateral triangle here: brainly.com/question/14709905

#SPJ1

4 0
2 years ago
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
Harlamova29_29 [7]

I believe the answer is:

High school athletes stop shopping there.


The inventory of sports socks goes unsold.

High school athletes tend to need the type of shoes that help in their mobility and tend to posses high level of endurance. These characteristics do not exist in Dress shoes. When high school athletes stop buying their shoes on the store, the number of stocks in the inventories tend to stay stagnant since it could not find customers.

6 0
3 years ago
Read 2 more answers
Other questions:
  • How do communist and socialist political theories differ from each other?
    14·1 answer
  • Edward philips signs a deed allowing the utility company to suspend power lines over his land. a utility company's right to use
    15·1 answer
  • Which of the following is a correct statement regarding the nature and timing of communications between an accounting firm perfo
    14·1 answer
  • Lee sun's has sales of $3,650, total assets of $3,350, and a profit margin of 5 percent. the firm has a total debt ratio of 41 p
    10·1 answer
  • 1. The crucible is not fired, as the procedure suggests. The mass of the dirty crucible is recorded. However, the impurities are
    10·1 answer
  • Based on your understanding of the different items reported in the balance sheet and the information they provide, which stateme
    7·2 answers
  • Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 o
    13·2 answers
  • Bravo Company began operations at the beginning of 20X6 with a $10,000 cash investment by stockholders. During 20X6, Bravo Compa
    12·1 answer
  • If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe? a.
    8·1 answer
  • What does the net income tell the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!