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Pavlova-9 [17]
3 years ago
15

Boyne Inc. had beginning inventory of $12,000 at cost and $20,000 at retail. Net purchases were $120,000 at cost and $170,000 at

retail. Net markups were $10,000, net markdowns were $7,000, and sales revenue was $147,000. Compute ending inventory at cost using the conventional retail method.
Business
1 answer:
Nookie1986 [14]3 years ago
8 0

Answer:

Ending inventory at cost $30,360

Explanation:

The computation of the ending inventory at cost using conventional retail method is shown below:

<u>Particulars                  Cost            Retail         Cost to retail ratio </u>

beginning inventory  $12,000      $20,000

Add: purchase            $120,000    $170,000

Add:Net markups                            $10,000

Less: net markdown                        -$7,000

Goods available for sale $132,000  $193,000    

Cost to retail percentage                                      66% ($132,000 ÷ $200,000)

Less: net sales                                $147,000

Estimated ending inventory at retail   $46,000

Ending inventory at cost $30,360

                               ($46,000 ×0.66)

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Answer:

contra-assets account.

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3 0
3 years ago
Operations management is the set of activities that creates value in the form of goods and services by transforming true or fals
Basile [38]

Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. - True.

Operations management (OM) is the administration of enterprise practices to create the very best level of efficiency viable inside an business enterprise. it's far concerned with converting materials and exertions into items and offerings as effectively as viable to maximize the income of an business enterprise.

What are the three kinds of operations management?

Operations management consists of three ranges: strategic, tactical, and operational

What are the key factors of Operations management?

The important thing elements of Operations management are; Product choice and layout: The proper sort of products and accurate designs of the goods are crucial for the achievement of an agency. A wrong choice of the product and/or negative design of the products can render the employer's operation useless and non-competitive.

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8 0
2 years ago
. The organizers of a conference in the Houston Convention Center are evaluating the possibility of setting up a computer area w
Mars2501 [29]

Answer:

They would need to have at least 3 computers

Explanation:

According to the given data we have the following:

Arrival rate = 15 persons per hour

Servicing rate = 60 / 10 = 6 persons per hour with one computer

Servicing rate with x number of computers = 6x per hour

Servicing rate at 90% utilisation = 6x (0.90) = 5.40x per hour

Therefore to service 13 arrivals per hour, we will need x computers = 15/ 5.40 = 2.78

With 2 computers, the service capacity will be 12 per hour and the utilisation will be 15/12 = 125%, which exceeds the organiser’s standard of 90% utilization.

With 3 computers, the service capacity increases to 18 persons per hour. If only 13 persons arrive, the utilisation rate will be 15 / 18 = 83.33%, below the required maximum of 90% utilisation.

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4 0
4 years ago
Read 2 more answers
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Hitman42 [59]

Answer:

P0 = $9.04279 rounded off to $9.04

Option c is the correct answer

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Where,

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3 0
3 years ago
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Angelina_Jolie [31]

Answer:

B). Response bias

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In order to prevent this bias, the interviewer must 'reword the question' and remove the word 'patriotic' as it develops the feeling of patriotism in the respondents which mars them from answering accurately and share their true opinions or thoughts in the regards of 'supporting armed forces.' This rewording will help evoke the true and authentic responses without any bias. Thus, <u>option D</u> is the correct answer to remedy the bias.

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