Business, 30.09.2019 20:10, jrfranckowiak
The december 31, 2018, inventory of tog company, based on a physical count, was determined to be $470,000. included in that count was a shipment of goods received from a supplier at the end of the month that cost $70,000. the purchase was recorded and paid for in 2019. another supplier shipment costing $30,000 was correctly recorded as a purchase in 2018. however, the merchandise, shipped fob shipping point, was not received until 2019 and was incorrectly omitted from the physical count. a third purchase, shipped from a supplier fob shipping point on december 28, 2018, did not arrive until january 3, 2019. the merchandise, which cost $100,000, was not included in the physical count and the purchase has not yet been recorded. the company uses a periodic inventory system. required: 1. determine the correct december 31, 2018, inventory balance and, assuming that the errors were discovered after the 2018 financial statements were issued, analyze the effect of the errors on 2018 cost of goods sold, net income, and retained earnings. (ignore income taxes.) 2. prepare a journal entry to correct the errors.
Answers: 3
Business, 22.06.2019 21:10, brandonkelly104
In transportation model analysis, the stepping-stone method is used to: a. obtain an initial feasible solutionb. evaluate empty cells for possible degeneracyc. evaluate empty cells for potential solution improvementsd. identify a dummy origin pointe. balance supply and demand
Answers: 1
Business, 22.06.2019 21:30, robert7248
Consider the following three bond quotes; a treasury note quoted at 87.25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. if the treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? multiple choice $872.50, $1,000, $1,000, respectively $1,000, $1,024.20, $1,001.45, respectively $872.50, $1,024.20, $5,072.50, respectively $1,000, $1,000, $1,000, respectively
Answers: 3
Business, 23.06.2019 00:10, pino2771
You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost. overhead cost. opportunity cost. sunk cost.
Answers: 1
The december 31, 2018, inventory of tog company, based on a physical count, was determined to be $47...
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