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xxTIMURxx [149]
3 years ago
6

Ivanhoe, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of ma

rkup on cost is 20%. The following account balances are available: Inventory, March 1 $540000 Purchases 420000 Purchase returns 10000 Sales during March 720000 The estimate of the cost of inventory at March 31 would be
Business
1 answer:
NARA [144]3 years ago
4 0

Answer:

$350,000

Explanation:

Cost of goods sold = $720,000 / 1.20

Cost of goods sold = $600,000

Estimated cost of inventory = Inventory, March 1 + (Purchases - Purchases Return) -  Cost of goods sold

Estimated cost of inventory = $540,000 + ($420,000 - $10,000) - $600,000

Estimated cost of inventory = $540,000 + $410,000 - $600,000

Estimated cost of inventory = $350,000

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Before a firm is allowed access to the European marketplace, the European Union requires that the quality of the firm’s manufact
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Answer:

ISO 9000

Explanation:

In this question, the quality of standard being mentioned is known as the ISO 9000. This is a set of standards that helps organizations make sure that they are meeting the customer and shareholder needs as well as complying to the statutory and regulatory requirements that exist regarding the product or service. This is the main quality of standards that are enforced and required by the European Union for every firm in its marketplace.

3 0
3 years ago
If a firm's expected growth rate increased then its required rate of return woulda. decrease.b. fluctuate less than before.c. fl
labwork [276]

Answer:

D. possibly increase, possibly decrease, or possibly remain constant

Explanation:

If a firm's expected growth rate increased then its required rate of return would possibly increase, possibly decrease, or possibly remain constant

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2 years ago
In the absence of environmental or safety laws in the locality where it operates, what responsibility does a U.S. corporation ha
Elden [556K]

Answer:

1. Moral and ethical responsibility

2. No

3. Lawsuit may be involved

Explanation:

1. Every US company apart from environmental or safety laws in the locality where it operates, have a moral and ethical responsibility to do what is right in terms of safe work practices and product safety/quality.

2. Even though some countries may have less strict laws than the US, moral and ethical responsibility should always thrive. For example, China is known to have less strict manufacturing standards than the United States, however this does not justifies a company to practice unsafe manufacturing standards.

3. For corporations selling products overseas that are banned in the United States, such as DDT to countries that were known to still allow it sales such as India, and North Korea. A lawsuit against those corporations may be considered legal.

8 0
3 years ago
Which of the following is true of a person with a high credit score?
dsp73
Your credit score is used as indicator of your creditworthiness. This means how likely you are to pay off debts and other financial obligations. A person with a high credit score should have a high credit worthiness, or likelihood to be responsible with credit.

A person who pays bills on time has demonstrated that she takes her financial obligations seriously, and this trait positively affects her credit score. The answer is A. 

B and C would most likely be associated with a person with a low credit score, since they demonstrate lower creditworthiness. 
5 0
2 years ago
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What do you think would be the implication of these personalities in the interpersonal relationships and task performance of emp
prisoha [69]

Explanation:

In working environment interpersonal relationship plays a paramount role in developing and stimulating

Trust and positive feelings and images among workers. This can be result in higher performance

and satisfaction of employees.

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1 year ago
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