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
snow_tiger [21]
2 years ago
8

Farley Bains, an auditor with Nolls CPAs, is performing a review of Wildhorse Co.'s Inventory account. Wildhorse did not have a

good
year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was
$773,590. However, the following information was not considered when determining that amount.

Prepare a schedule to determine the correct inventory amount. (Show amounts that reduce inventory with a negative sign or
parenthesis e.g.-45 or parentheses e.g. (45).)

Ending inventory-as reported
1.
Included in the company's count were goods with a cost of $212,350 that the
company is holding on consignment. The goods belong to Nader Corporation.

2.
The physical count did not include goods purchased by Wildhorse with a cost
of $39,190 that were shipped FOB shipping point on December 28 and did
not arrive at Wildhorse's warehouse until January 3.

3.
Included in the Inventory account was $17,590 of office supplies that were
stored in the warehouse and were to be used by the company's supervisors
and managers during the coming year.

4.
The company received an order on December 29 that was boxed and was sitting on the loading dock awaiting pick up on December 31 the shipper picked up the goods on January 1 and delivered them on January 6 the shipping terms were FOB shipping point the goods had a selling price of $40,660 and a cost of $31,430 the goods were not included in the count because they were sitting on the dock.

5.
Included in the count was $47,100 of goods that were parts for a machine that the company no longer made given the high-tech nature of wild horses products it was unlikely that these obsolete parts had any other use however management would prefer to keep them on the books at cost since that is what we paid for them after all.

Correct Inventory:
Mathematics
1 answer:
lbvjy [14]2 years ago
3 0

Answer:

Ending inventory: 773,590

1. (212,350)

2. 39,190

3. (17,590)

4. 31,430

5. (47,100)

Correct inventory : 567,170

You might be interested in
The tallest building in Africa is the Carlton Centre in Johannesburg, South Africa. What is the distance from the top of this 73
Contact [7]

Answer:

b = 33 miles

Step-by-step explanation:

The illustration forms a right angled triangle. The opposite side of the triangle is where we are looking for . The adjacent side is the radius 4000 miles.

5280 ft = 1 mile

735 ft = ? miles

cross multiply

735/5280

miles = 0.13920454545  miles

The hypotenuse side is the height of the building + 4000 miles = 0.140 + 4000 = 4000.14  miles

using Pythagoras theorem

c² = a² + b²

c = 4000.14

a = 4000

4000.14² = 4000² + b²

b² = 4000.14² - 4000²

b² = 16001120.0196  - 16000000

b² = 1120.0196

b = √1120.0196

b = 33.4666938911

b = 33 miles

3 0
3 years ago
Sharon wants to make key chains with different colored beads. Each key chain will look the same. Sharon will use a total of 20 g
skelet666 [1.2K]
20 green and 20 red ?
8 0
3 years ago
Read 2 more answers
Helpp need this done ASAP
lorasvet [3.4K]
Number two is proportional just do Y over X y/x meaning divided all the y’s over the x’s so 25 divided by 5 30 divided by 6 35/7 40/8 they all equal 5 so it’s proportional
number three isn’t proportional when you do y/x they all come out differently so you do y2-y1 over x2-x1 16-4/4-2 16-4=12 4-2=2 then you divided 12/2 that equals 6 you do that again but with the next numbers but they don’t equal so it’s no equation no constant
7 0
2 years ago
Use the graph of the line to answer each question
scoundrel [369]
Hello!

A) y-intercept is 5 x-intercept is 5
B) Slope=1
C) y=mx+b
=1(4)+ 6

Hope this Helps! Have A Wonderful Day! :) 

3 0
2 years ago
Ken started a savings account for school. He plans on spending 10% of the money he earns for leisure activities. He needs to hav
KiRa [710]

Answer:

He must earn $2,400 to cover both leisure and $2,160 for school expenses.

Step-by-step explanation:

Let the total amount Ken must earn be k.  Then 10% of that would cover leisure activities and the remaining 90% specifically for school expenses.

Then 0.90k = $2,160, and k = $2,400.

He must earn $2,400 to cover both leisure and $2,160 for school expenses.

7 0
3 years ago
Other questions:
  • What is the range of 19, 12, 13, 3, 0, 0, 0, 0, 0, 0, 2, 13
    7·2 answers
  • Using the expression 7x=3y If y is 35 what is x
    15·1 answer
  • If 1/2 gallon of paint cover 1/4 of a wall then how much paint is needed to cover an entire wall?
    12·2 answers
  • A vase hold about 1.25 liters of water. 1.25 liters equals how many milliliters
    12·1 answer
  • Hey can you please help me posted picture of question
    7·1 answer
  • Solve the equation.<br><br> 3x = -33<br><br> x =
    8·2 answers
  • 1. Brad spent $1,200 on a credit card this
    6·1 answer
  • In the picture, each apple part is 1/2 of an apple. Which equation best describes the picture?
    6·2 answers
  • In the figure below, BD bisects ∠ABC. What is the length of AB?
    13·1 answer
  • 17.3152 to the nearest hundredth=
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!