on december 28, kerr manufacturing co. purchased goods costing $50,000. the terms were f.o.b. destination. some of the costs incurred in connection with the sale and delivery of the goods were as follows: packaging for shipment $1,000 shipping $1,500 special handling charges $2,000these goods were received on december 31. in kerr's december 31 balance sheet, what amount of cost for these goods should be included in inventory?
Answers
In Kerr's December 31 balance sheet, $50,000 of cost for goods should be included in inventory.
When terms of a shipment are FOB shipping point, ownership of the goods passes to the buyer when the public carrier accepts the goods from the seller. However, when the terms are FOB destination, ownership of the goods remains with the seller until the goods reach the buyer.
Packaging for shipment $1,000Shipping $1,500
Special handling charges $2,000.
The cost of the goods will be included in the inventory of the buyer.
However, since the terms were FOB destination, Kerr Manufacturing Company (the seller) would pay for the freight costs and thus these costs would be added to the cost of the goods. From the information given, it is clear that the buyer has not paid for the freight costs.
Hence, Kerr Manufacturing Company will include $50,000 of cost for these goods in inventory.
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Related Questions
Frederick works in a local government for a certain city. One his primary responsibilities is to check whether the city’s contracts, bids, and tax reports meet certain specific guidelines. Which government career role does Frederick perform.
Answers
Answer: B - City administrator
Explanation: took the plato test
A company exhibiting a high liquidity ratio is likely to have enough resources to pay off its short-term obligations. True or false?.
Answers
A company exhibiting a high liquidity ratio is likely to have enough resources to pay off its short-term obligations is a True Statement.
By calculating indicators such as the current ratio, quick ratio, and operational cash flow ratio, liquidity ratios assess a company's capacity to meet its financial commitments as well as its margin of safety.
The current ratio, acid test ratio (sometimes called the quick ratio), cash ratio, and working capital ratio are some of the most typical instances of liquidity ratios. Different analysts view certain assets as relevant in different ways.
Current liabilities, often known as short-term obligations, refer to a company's debts that are due to be repaid within a year. Short-term bank loans, accounts payable, salaries, lease payments, and income taxes payable are typical examples of short-term debt.
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Companies go through different phases to reach product/market fit. These phases are the:
A) the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
B) idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage.
C) idea stage, the traction stage, the monetization stage, and the growth stage.
D) idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage.
Answers
Answer: D is the correct answer.
Explanation: The different phases to reach the product/ market fit are:
The idea stage: It is the first stage, where the idea of a product comes into existence.The prototype stage: here, the idea converts into a modelThe launch stage: the product is launched in the market for the consumers.The traction stage: the initial progress of a startup and the momentum it builds as it grows.The growth stage: the consumers have accepted the product and are buying it.
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the worldwide integration of government policies, cultures, social movements, and financial markets through trade and the exchange of ideas is called: group of answer choices urbanization socialization globalization dependence
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The worldwide integration of government policies, cultures, social movements, and financial markets through trade and the exchange of ideas is called globalization.
What is meant by globalization?Globalization is the process of increased interconnectedness among countries and their citizens, resulting in the expansion of international trade, investment, culture, and technology. It is a process that involves the integration of economies, societies, and cultures through a global network of communication and trade. Globalization has resulted in the reduction of trade barriers and the creation of a more interconnected global economy. It has also led to increased competition, the emergence of global markets, and the growth of multinational corporations. Globalization has both positive and negative effects; it has been linked to increased economic growth and increased opportunities for trade and investment, but it has also been linked to a decrease in wages and working conditions for some workers and a rise in unemployment and inequality in many parts of the world.To learn more about globalization refer to:
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#SPJ4Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...
Answers
Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
Answer:
No, paying from a credit card is more preferable .
Explanation:
The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :
No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.Know more :
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Discuss the four dimensions of statistical reasoning / thinking used in statistical inquiry.
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The four dimensions of statistical thinking, according to Wild & Pfannkuch\((1999)\), are an investigative cycle, styles of thinking, an interrogative cycle, and dispositions. The four dimensions are simultaneously active within the thinker and incorporate both general and specific statistical thinking tendencies.
Simulations, statistical thinking that combine voice and images to teach a complex idea or technique, and, most importantly, interactive exercises where students practice problem-solving while receiving rapid and focused feedback are included in this list. Abraham Wald's examination of British bombers that survived to return to their base during World War II is a great illustration of statistical reasoning. His conclusion was to increase the number of aircraft in regions where there was no obvious damage.
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This is a receipt for a purchase made at a restaurant in
Sacramento, California.
The total cost of the food and drinks before taxes was
The buyer paid vin sales tax.
Based on the receipt, Sacramento has a sales tax rate
of
Answers
Answer:
10.00 , .85 , 8.5
Explanation:
Answer:
This is a receipt for a purchase made at a restaurant in Sacramento, California.
The total cost of the food and drinks before taxes was
✔ $10.00
.
The buyer paid
✔ $0.85
in sales tax.
Based on the receipt, Sacramento has a sales tax rate of
✔ 8.5%
.
what job would someone do if they had the letters riba after their name?
Answers
If someone has the letters "RIBA" after their name, it indicates that they are a qualified architect. RIBA stands for the Royal Institute of British Architects, which is a professional body for architects based in the United Kingdom. Architects who are members of RIBA have met the required standards of education, experience, and professional competence in the field of architecture.
Being a member of RIBA signifies that the individual has undergone rigorous training, has obtained the necessary qualifications, and adheres to professional standards and ethics in their architectural practice. RIBA provides resources, support, and recognition to its members, fostering excellence in architecture and promoting the profession's value in society.
Architects with the designation "RIBA" after their name demonstrate their affiliation with the professional institute and signify their commitment to maintaining high standards in the field of architecture.
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Many companies around the globe voluntarily report their efforts in promoting environmental sustainability using the guidelines developed by the ________.
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Environmental sustainability is promoted by many companies around the globe, using the guidelines developed by the Global Reporting Initiative.
What is environmental sustainability?Environmental sustainability refers to the capability of our environment to maintain all the biological systems and resources that support the living organisms on our Earth.
Environmental sustainability is important because of how much energy, food and human-made resources we use every day.
Hence, environmental sustainability is promoted using the guidelines developed by the Global Reporting Initiative.
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As a type of sales promotion, ______ take the form of advertising signs, which sometimes actually hold or display the product and are often located in high-traffic areas in stores
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According to marketing strategy, as a type of sales promotion, Point-of-Purchase Displays take advertising signs, which sometimes actually hold or display the product and are often located in high-traffic areas in stores.
Point-of-Purchase Displays are an overall strategy that is made in printed format or digital display which advertises products or services, placed at the strategic point where consumers make a purchase.
Usually, the point of purchase display is made to influence the customers' in-store attention towards a particular brand or special offers.
Hence, in this case, it is concluded that the correct answer is Point-of-Purchase Displays.
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- Consider a stock that pays $4 in dividends every year. If the appropriate discount rate is 10%, what would be the value of this stock? - How does your answer change if the dividend increases by 2% each year?
Answers
The value of the stock with increasing dividends would be 51. We can use the formula for the present value of perpetuity, which is PV = D / r, where PV is the present value, D is the dividend, and r is the discount rate.
In this case, the dividend is 4 and the discount rate is 10%. Plugging these values into the formula, we get:
PV = 4 / 0.10
PV = 40.
Therefore, the value of the stock is 40.
If the dividend increases by 2% each year, we need to adjust the formula. The new dividend in each year would be 4 multiplied by (1 + 0.02) raised to the power of the number of years.
For example, in year 1, the dividend would be 4 * \((1 + 0.02)^1\)= 4.08.
In year 2, it would be 4 * \((1 + 0.02)^2\) = 4.16, and so on.
To find the value of the stock with increasing dividends, we can sum up the present values of each year's dividend using the formula PV = D / (r - g), where g is the growth rate of the dividend.
In this case, r is still 10% and g is 2%. Plugging these values into the formula, we get:
PV = 4.08 / (0.10 - 0.02)
PV = 4.08 / 0.08
PV = 51.
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In providing ____,the government establishes and enforces the laws necessary for a market economy to function
Answers
Answer:
I think that's regulations
You shouldn't take your investments out early. What do you think are some consequences of taking money out of your retirement early?
Answers
Answer:
You could trigger a higher tax bill.
You may have to pay a penalty.
Your request might be denied.
The withdrawn funds won't earn interest.
The distribution might not be protected from creditors.
Explanation:
Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report?.
Answers
Placing a fraud alert is an effective way of dealing with inaccuracies in a credit report because A fraud alert encourages lenders and creditors to take extra steps to verify your identity before issuing credit.
A fraud alert is a note that is located on your credit file that indicates credit card organizations and others who can also increase your credit that you may be a victim of fraud, consisting of identification theft. think of it as a “pink flag” to capacity creditors and creditors. Fraud indicators are loose.
Putting a fraud alert no longer affects your credit score ratings. It alerts creditors that you can have been a victim of fraud and encourages them to take more steps, which includes contacting you at a telephone number you provide, to confirm your identification before extending credit for your call.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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The summary section of a business report appears at the bottom of the report.
False
True
Answers
Explanation: Its a repeat of what was discussed
how did jimmy carter respond to the economic crises of the late 1970s?
Answers
According to historical records, Jimmy Carter responded to the economic crises of the late 1970s by making his budgetary policies focus on curbing the issue of inflation.
Jimmy Carter responded to the economic crises of the late 1970s in many ways. Some other ways he responded include the following:
By ensuring the deficits and government spending reduces.By gradually removing price controls;By promoting alternative sources of energy;By legislating a national energy policy to improve energy conservation, etc.
Hence, in this case, it is concluded that there are various means by which Jimmy Carter tried to solve the economic crises of the late 1970s.
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Find the optimal schedule to meet the following requirements for Monday to Sunday: 7,5, 2,4, 5, 2, 6. All employees are full time and they work for five consecutive days. Remember to calculate the efficiency of your schedule
Answers
The optimal schedule to meet the given requirements for Monday to Sunday is: 7, 5, 2, 4, 5, 2, 6. The efficiency of this schedule can be calculated based on the total working hours and the available working days. The efficiency of this schedule is approximately 442.86%
To find the optimal schedule, we need to allocate the available work hours to the days of the week. The given requirements for each day are: 7, 5, 2, 4, 5, 2, 6.
To ensure efficiency, we need to distribute the workload evenly and make sure that the employees work for five consecutive days, which is their full-time schedule.
One possible optimal schedule could be as follows:
Monday: 7 hours
Tuesday: 5 hours
Wednesday: 2 hours
Thursday: 4 hours
Friday: 5 hours
Saturday: 2 hours
Sunday: 6 hours
To calculate the efficiency of this schedule, we need to consider the total working hours and the available working days. In this case, the total working hours would be 31 hours (7 + 5 + 2 + 4 + 5 + 2 + 6) and the available working days are 7.
Efficiency = (Total working hours / Available working days) * 100
Efficiency = (31 / 7) * 100 = 442.86%
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What are three advantages of attending a community job fair? You can fill out job applications. You can decide whether you like the company by meeting the people. You can hand in your résumé. You can talk to a recruiter or hiring manager.
Answers
Answer:
You can fill out job applications.
You can hand in your résumé.
You can talk to a recruiter or hiring manager.
Explanation:
The events organized to discover and explore the employers and the job seeking candidates at a platform. The interested hiring committee and the job seekers meet a point where they find opportunity to seek jobs. This process helps in minimizing the efforts and time of both the employers and the candidates. The instant job offer is the biggest advantage of the fair. The candidates can hand their resume directly to the recruiters and have direct word with them.
Bought goods
for
cash $100
to double
entry system.
Answers
Answer:Purchase account Dr.$100
cash account Cr.$100
Explanation:
If $535 is invested at an interest rate of 6% per year and is compounded continuously, how much will the investment be worth in 10 years? use the continuous compound interest formula: a = pert $1,307. 12 $974. 83 $973. 38 $403. 43.
Answers
The investment will be $974.83 over 10 years. Compound interest can be defined as interest accruing on a specified amount or investment after a specified period of time.
The formula that breaks down the value of an investment when compounded continuously is:
A = Per^rt
P = Capital = $535
R = interest rate = 10D
44 T = time in years = 10 years
First, convert R as a percentage to r as a decimal number.
r = R/100
r = 6/100
r = 0.06 rate/year,
Then solve the equation for A
A = Per^rt
A = 535(2.71828)^(0.06 x 10)
A = $974.83
So after 10 years the investment will be $974.83.
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The investment will be $974.83 over 10 years. Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains.
What is compound interest?Savings interest that is computed on both the initial principal and the total interest accrued over time is called compound interest.
Italy in the 17th century is thought to be the birthplace of "interest on interest" or compound interest. Simple interest, which is calculated just on the principle amount, will not cause a sum to grow as quickly.
Money multiplies more quickly thanks to compounding, and the more times it is multiplied, the more compound interest there will be.
solution:
The formula that breaks down the value of an investment when compounded continuously is:
A = Per^rt
P = Capital = $535
R = interest rate = 10D
44 T = time in years = 10 years
First, convert R as a percentage to r as a decimal number.
r = R/100
r = 6/100
r = 0.06 rate/year,
Then solve the equation for A
A = Per^rt
A = 535(2.71828)^(0.06 x 10)
A = $974.83
So after 10 years the investment will be $974.83.
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Which of the following qualities (Work Ethic, Integrity, Self Direction, Reliability, Commitment, and Self Representation) do you see Mr. Washington portraying here, and how is he portraying them? Hint: He portrays all of the qualities. Make sure you write about at least 3 out of the 6 above.
Answers
The qualities that Mr. Washington portrayed are :
Ethic Integrity Self Direction Reliability Commitment Self RepresentationWhat are the qualities that Mr. Washington?Mr. Washington can be described as a man of the people that always want the goodness of those around him.
He can be described as been polite with dignity, because he always protect his name from being spoilt.
He is a man of Integrity because , he always handle things of the government with all honesty, he has the quality of being honest and having strong moral principles.
Another quality is commitment because, he has the quality of being dedicated to the things of the public.
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suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. assume no transaction costs and a competitive market, what is the equilibrium price in this market? a. 7 b. 8 c. 9 d. 10
Answers
The equilibrium price in a competitive market occurs when the quantity demanded equals the quantity supplied. The correct option is option c.
In this case, since there are 11 buyers and 11 sellers, the equilibrium price will be determined by the point where the 11th buyer's willingness to pay is equal to the 11th seller's willingness to sell.
To find the equilibrium price, we arrange the values in ascending order:
$4, $5, $6, $7, $8, $9, $10, $11, $12, $13, $14.
The equilibrium price is the value at the midpoint of this sorted list. Since there are 11 values, the midpoint is at the 6th position. Thus, the equilibrium price is $9.
The equilibrium price in this market is c. 9.
In a competitive market with 11 buyers and 11 sellers, the equilibrium price is $9. This means that at this price, the quantity demanded by the buyers will equal the quantity supplied by the sellers, resulting in a balanced market.
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J. D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following questions were asked in a J. D. Power Initial Quality Survey. Comment on whether each question provides categorical or quantitative data. (a) Did you purchase or lease the vehicle? categorical quantitative (b) What price did you pay? categorical quantitative (c) What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average, Outstanding, or Truly Exceptional) categorical quantitative (d) What is your average miles per gallon? categorical quantitative (e) What is your overall rating of your new vehicle? (1- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) categorical quantitative
Answers
Quantitative data can be measured in numbers, for example 20 miles for every gallon. While categorical data alludes to non-numerical responses, for example better caliber, better looks, and is generally obtained by picking one response from a gathering of available answers.
a. CATEGORICAL DATA
b. QUANTITATIVE DATA
c. CATEGORICAL DATA
d. QUANTITATIVE DATA
e. QUANTITATIVE DATA
Quantitative variables are any variables where the data address amounts (for example level, weight, or age).
Categorical variables are any variables where the data address gatherings. This incorporates rankings (for example finishing places in a race), classifications (for example brands of cereal), and binary results (for example coin flips).
Categorical data alludes to a data type that can be stored and distinguished based on the names or labels given to them. Numerical data alludes to the data that is as numbers, and not in any language or descriptive form. Also referred to as qualitative data as it qualifies data before classifying it.
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How can I unclog the toilet the potatoes got stuck in there? (I hope this not a inapropriate question)
Answers
Answer:
Just get something like a brush and it will get off
Explanation:
Just do it
Describe the laws that are enforced by the sec for companies that publicly sell stock.
Answers
The interests of shareholders must come first and they must be treated fairly and honestly by those who sell and trade securities. By monitoring the major participants in the securities market, such as exchanges, brokers/dealers, advisors, funds, and rating agencies, the SEC makes sure of this.
There are three key parts to the purpose of the US Security and Exchange Commission.
They uphold a fair, regulated, and effective market, safeguard investors, and promote capital formation.
Corporations that openly trade stocks are subject to rules that SEC has put in effect. These laws address the fact that broker-dealers, public companies, as well as some individuals, are all obliged to file reports with SEC on a regular basis. These investors and financial experts rely primarily on the information provided in these filings with the SEC to learn more about the firms they are thinking of investing in.
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which legal procedure is used to determine a fair price in an eminent domain action? a) ad valorem b) eviction c) escheat d) condemnation
Answers
Answer:
The legal procedure used to determine a fair price in an eminent domain action is...
Condemnation
Explanation:
The legal procedure used to determine a fair price in an eminent domain action is condemnation.
This process involves the government taking private property for public use, but the owner must be fairly compensated for their loss.
This determination considers factors such as the property's location, current and potential use, and any improvements made to the property.
The property owner may also have the right to hire their own appraiser to provide a valuation of the property. Ultimately, the goal of condemnation is to provide fair compensation to the property owner and ensure that the government is not taking property without just cause.
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is this statement true or false?the cost of a meal with any beverage and any sandwich at susan's kitchen is more than $5.00.
Answers
This statement is False, the cost of a meal with any beverage and any sandwich at Susan’s kitchen is more than $5.00.
In production, studies, retail, and accounting, a cost is the price of money that has been used up to provide something or supply a service, and hence isn't always to be had to be used anymore. In a commercial enterprise, the cost may be considered one of acquisition, wherein case the quantity of money expended to acquire it is counted as price. In this example, cash is the input this is gone for you to gather the element.
This acquisition cost may be the sum of the cost of manufacturing as incurred through the unique producer, and further charges of the transaction as incurred by way of the above and above the sum paid to the producer by the purchaser. generally, the price additionally consists of a markup for income over the cost of manufacturing.
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Who may pay for the services of alcoholic beverage in a private club
Answers
Answer:
Members Only
Explanation: