Answer:
a. 900 units of inventory shipped on consignment by Peete to another company.
- INCLUDED IN THE INVENTORY SINCE THE MERCHANDISE BELONGS TO PEETE COMPANY
b. 3,000 units of inventory in transit from a supplier shipped FOB destination.
- NOT INCLUDED IN THE INVENTORY SINCE THE MERCHANDISE BELONGS TO THE SELLER (FOB DESTINATION)
c. 1,200 units of inventory sold but being held for customer pickup.
- NOT INCLUDED IN THE INVENTORY SINCE THE MERCHANDISE BELONGS TO THE CUSTOMER
d. 500 units of inventory held on consignment from another company.
- NOT INCLUDED IN THE INVENTORY SINCE THE MERCHANDISE BELONGS TO THE CONSIGNOR
Banks proved extremely unstable, and we had a history of the rich holding most of it
Answer: d. 10.5%
Explanation:
Formula for future value is;
Future value = Amount invested * ( 1 + r) ^ n
Making r the subject, the formula becomes;
= (Future value/ Amount invested)^ (1/n) - 1
= (500,000 / 120,000)^ (1/28) - 1
= 0.052289
= 5.23%
This is on twice-a-year basis so annual rate is;
= 5.23 * 2
= 10.46
= 10.5%
<em>Note; Period of 28 was used because investment was compounded twice a year so the 14 years should double. </em>
Answer:
They have evolved using a new way of sourcing ‘’the third way’’ supply chain uses the traditional sourcing approach and the ‘’in-house manufacturing approach’’ as a halfway point, creating true partnerships between the suppliers and Vf.
Explanation:
With the in house approach they did impacted their sourcing strategy by reducing production lead times, from 50 or 30 days to 10 having total control of how the supply chain is being managed.
Established in 1890 as the Reading Glove Mitten Manufacturing Company, Renamed 1910 When it expands into to silk lingerie Trough a contest, ‘Vanity Fair’ is selected as a brand name for the lingerie line, in 1950 Vanity fair Mills goes public, in 1980s Becomes one of the 2 largest jeans makers in the world, during the 2000s and trhoug all the time it acquires various brands.
Answer:
Date Account Titles and Explanation Debit Credit
June 15 Cash Dividends $103,500
[(60000+9000)*$1.5]
Dividends payable $103,500
(Being dividend declared for 69000 shares at $1.5 each)
July 10 Dividends payable $103,500
Cash $103,500
(Being dividend paid)
Dec 15 Cash Dividends $116,800
[(60000+9000+4000)*1.6]
Dividends payable $116,800
(Being dividend declared for 73000 shares at $1.6 each)