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omeli
11 days ago
7

The records of penny Co. Indicated that 415,000 of merchandise should be on hand December 31. The phyiscla inventory indicates t

hat 370,000 of merchandise is actually on hand
Business
1 answer:
marusya05 [3K]11 days ago
5 0

Response:

Refer to the explanation section

Clarification:

The disparity between the inventory count recorded and the actual count suggests that the goods in stock have either been sold or lost. For the sake of ongoing operations, it is presumed they have been sold. Accordingly, the journal entry to document the sale is -

December - 31       Cost of goods sold           Debit          45,000

                           ($415,000 - $370,000)

                                        Merchandise Inventory     Credit       45,000

                    (To record the sale of merchandise: adjusted)

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Brief Exercise 6-02 Tamarisk, Inc. took a physical inventory on December 31 and determined that goods costing $190,000 were on h
harina [3228]
Tamarisk should report an inventory amount of $252,000 as of December 31. To arrive at this figure, consider the following calculation: Inventory = Stock on hand + goods acquired from Sheffield Corp + goods sold to Wildhorse Co. This gives us the calculation: $190,000 + $29,000 + $33,000 = $252,000. All relevant amounts were taken into account, including considerations for FOB destination and FOB shipping point, which contribute to the physical inventory count.
4 0
20 days ago
Galla Inc. operates in a highly competitive market where the market price for its product is $181 per unit. Galla desires a $19
Free_Kalibri [3164]

Respuesta:

Objetivo de costo = Precio de mercado - Margen de beneficio deseado

                   = $181 - $19

                   = $162

Explicación:

El costo objetivo es la diferencia entre el precio de mercado competitivo y el margen de beneficio deseado. En el método de costo objetivo, el precio de mercado está fijado por las fuerzas del mercado. Se resta el margen de beneficio deseado del precio de mercado para obtener el costo objetivo.

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11 days ago
Which of the following is NOT one of the 10 strategic operations management​ decisions? A. supply chain management B. layout str
Free_Kalibri [3164]

The answer would be Mass customization.

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1 month ago
A consumer makes purchases of an existing product X such that the marginal utility is 10 and the price is $5. The consumer also
stepan [3001]

Answer:

To maximize utility, the consumption of product Y should be increased while reducing the intake of product X.

Explanation:

The utility-maximizing principle asserts that a consumer optimizes utility when the marginal utility per dollar spent is equal for both products.

For Product X, the marginal utility per dollar is:

\frac{MU_X}{P_X}=\frac{10}{5}

= 2 utils per dollar

For Product Y, the marginal utility per dollar is:

\frac{MU_Y}{P_Y}=\frac{8}{1}

= 8 utils per dollar

According to this principle, the consumer should increase the consumption of product Y and decrease that of product X.

4 0
1 month ago
Washington inc. issued $705,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $8,
soldi70 [3150]

Response:

$20,000

Clarification:

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= Redemption Value of Bond - (Value of Bonds issued -  Unamortized bond discount)

= 719,100 - (705,000 - 5,900)

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6 0
25 days ago
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