Hi,
Essentially, we are saying that Alyssa gets 5 parts of the whole thing (140,000), Bart gets 3 parts of the whole and Meghan gets 2 parts of the whole. The sum total of their parts = the whole. So now we need to find out how much one part is. Thus,"one part" should be the variable. Substitute p for "one part", so Alyssa gets 5p, Bart gets 3p, and Meghan gets 2p. Since the sum of the parts = the whole, your problem sets up as: 5p + 3p + 2p = 140,000 --> 10p = 140,000 --> 10p/10 = 140,000/10 --> x = 14,000.
Alyssa gets 5p or (5 x 14,000)
Bart gets 3p or (3 x 14,000)
Meghan gets 2p or (2 x 14,000)
If the whole was a loss, it would be a negative, and instead of getting money, they would lose money.
Answer:
$261,500
Step-by-step explanation:
What amount should Nash report as its December 31 inventory?
Item Amount
Goods on hand as per physical count $208,000
(+) Goods purchased from Swifty $30,000
Corporation FOB shipping point
(+) Goods sold to Marigold Corp <u>$23,500</u>
FOB destination (at cost value)
Ending inventory <u>$261,500</u>
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<em>Notes</em><u>:
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1) In case of FOB shipping point, the ownership of goods is transferred to the buyer when the goods are shipped and hence in the case of purchases from Swifty corporation, the goods should be included in the inventory of Nash's Trading Post as the goods are shipped and are in transit.
2) In case of FOB destination, the ownership of goods is transferred to the buyer when the goods reaches to the buyer, hence in the case of sales made to Marigold Corp, the goods are still in transit and the ownership is not transferred to Marigold Corp, hence Nash's Trading Post should included that goods in its inventory.
Y=-x+5
-x+5=1/3x-3
-x+8=1/3x
8=4/3x
6=x
y=-6+5
y=-1
C.
Answer:
$52,936
Step-by-step explanation:
1400(.14)(4) + 4(6)(9.75) = 784 + 234 = $1018/week
52(1018) = $52,936
