As a result of a thorough physical inventory, Oriole Company determined that it had inventory worth $320300 at December 31, 2018. This count did not take into consideration the following facts: Herschel Consignment currently has goods worth $47200 on its sales floor that belong to Oriole but are being sold on consignment by Herschel. The selling price of these goods is $75300. Oriole purchased $21700 of goods that were shipped on December 27, FOB destination, that will be received by Oriole on January 3. Determine the correct amount of inventory that Oriole should report.

Answers

Answer 1

Answer: $367500

Explanation:

The correct amount of inventory that Oriole should report is calculated below:

Worth of inventory per physical verification = $320300

Add: Cost of goods that are consigned to Herschel Corporation = $47200

Therefore, the amount of inventory that Oriole should report will be the addition of the inventory worth and the cost of goods consigned to Herschel:

= $320300 + $47200

= $367500


Related Questions

_____ is the most common form of business ownership.

A - Sole proprietorship
B - Partnership
C - Corporation
D - Limited liability company

Answers

The answer is "Sole proprietorship"

Hope this helps! :D

Answer:

A. Sole proprietorship

                                                         

What is the exterior envelope of a structure? ​

Answers

Answer:

The building envelope of a usually consists of its roof, sub floor, exterior doors, windows and exterior walls. 

Which of the following budgets
would be considered balanced?


A budget where the amount you spend is greater than the amount you
earn.

A budget where the amount you earn is equal or less than to the amount
you spend.

A budget where the amount you save is less than the amount you spend.

A budget where the amount you spend is equal or less than the amount
you earn.

Answers

the bottom one because equal is balanced

Use the following information for the Exercises below. Skip to question [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,200 units at $280 each) $ 3,136,000 Variable costs (11,200 units at $210 each) 2,352,000 Contribution margin 784,000 Fixed costs 567,000 Pretax income $ 217,000 Exercise 18-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $156,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)

Answers

Answer:

1. $2,892,000

2. 21.58%

Explanation:

1. Calculation to determine What amount of sales (in dollars) is needed to produce this target income

First step is to calculate the Contribution margin ratio

Contribution margin ratio =$784,000 /$ 3,136,000 Contribution margin ratio= 25%

Now let calculate the Required sales using this formula

Required sales = (Fixed cost+Target income)/Contribution margin ratio

Let plug in the formula

Required sales= ($567,000 +$156,000)/0.25 =

Required sales=$723,000/0.25

Required sales=$2,892,000

Therefore the amount of sales (in dollars) needed to produce this target income will be $2,892,000

2. Calculation to determine margin of safety (in percent)

First step is to calculate the Break even sales

Break even sales = ($567,000/0.25)

Break even sales= $2,268,000

Now let calculate Margin of safety (%

Margin of safety (%) =$2,892,000- $2,268,000)/$2,892,000

Margin of safety (%)=$624,000/$2,892,000

Margin of safety (%)=0.2158

Margin of safety (%)=21.58%

Therefore margin of safety (in percent) will be 21.58%

Leadership is best defined as ________. Group of answer choices the ability to induce the team members to focus on individual goals rather than collective goals the ability to influence a group toward the achievement of a vision or set of goals the ability to reduce the dependence of team members on each other the ability to merely project one's abilities in the lack of actual accomplishments the ability to use factors like training and experience to reduce dependence on formal leadership

Answers

Answer:

the ability to influence a group toward the achievement of a vision or set of goals

Explanation:

What information do you need before you can decide which type of business might be the most successful? Be sure to give your answer in at least three to four sentences.

Answers

Explanation:

Before starting a business it is necessary to know the market in will act. Thus, market studies are necessary to know who the competitors are, the potential consumption, the potential return, ie the future profit of that activity etc.15-Feb-2017

buenas noches es mi tarea de inglés alguien me puede explicar porfavor
He likes to teach, ________. *

does he?
doesn't he?
wil he?
won't he?

She's eating a piece of cake, _________. *

isn't she?
are she?
will she?
is she?

You don't work every day, ________. *

does you
don't you?
are you?
do you?

The car is clean, ________. *

isn't it?
is it?
are they?
aren't they'?

We can study geometry, _________. *

can't we?
can we?
do we?
don't we?​

Answers

Answer:

doesn't he

isn't she

isn't it

can't we

Answer:

He likes to teach, doesn't he?

She's eating a piece of cake, isn't she?

You don't work every day, do you?

The car is clean, isn't it?

We can study geometry, don't we?​

Explanation:

Soy un hablante nativo de inglés por lo que las respuestas deben ser correctas. Lo siento si mi español es incorrecto. Lo estoy aprendiendo en la escuela.

¡Espero que esto ayude!

Describe data processing in accounting by selecting the correct statements below. (Check all that apply.) Multiple select question. Online processing enters and processes data as soon as source documents are available. A disadvantage of online processing is timeliness. Accounting systems differ with regard to how input is entered and processed. Batch processing accumulates source documents for a period of time and then processes them all at once. An advantage of online processing is timeliness. An advantage of batch processing is the lack of updated databases for management to use when making decisions.

Answers

Answer:

✓Batch processing accumulates source documents for a period of time and then processes them all at once.

✓ Online processing enters and processes data as soon as source documents are available.

✓An advantage of online processing is timeliness.

✓ Accounting systems differ with regard to how input is entered and processed.

Explanation:

.

The data processing can be regarded as process which involves set of operations that helps in transforming data to useful information. This encompass Collection of data, sorting of data to suitable format, entry of data. In accounting this process could involve recording, as well posting/closing steps which are required in the journals and ledgers. It should be noted that data processing in accounting can be described as;

✓Batch processing accumulates source documents for a period of time and then processes them all at once.

✓ Online processing enters and processes data as soon as source documents are available.

✓An advantage of online processing is timeliness.

✓ Accounting systems differ with regard to how input is entered and processed.

Current assets are illiquid.
True
False

Answers

Answer:

true

Explanation:

Answer:

ture

Explanation:

Illiquid refers to an asset that cannot be quickly converted to cash. Such assets suffer a valuation loss when sold in exchange for cash. In other words, it is an uphill task to sell such assets owing to the utterly low trading activity due to a lack of investor interest. Some examples of inherently illiquid assets include houses and other real estate, cars, antiques, private company interests and some types of debt instruments. Certain collectibles and art pieces are often illiquid assets as well.

How would you assess your current work habits, either at school or on the job? What could you improve upon? Explain.

Answers

Answer: I make sure that I look professional, complete tasks in a time manner and try to work with a team. I can always improve my team working skills because you are constantly working with new people.

According to the PACED decision-making tool, what is the first step in
decision making?
A. Define the problem
B. Pick criteria
C. List the alternatives
D. Evaluate the alternatives

Answers

A matrix that can be utilized in the decision-making process is the PACED Model.

We can solve issues more logically by applying the PACED processes of Problem, Alternatives, Criteria, Evaluate, and Decide. Students may be able to make decisions more rapidly using this graphic strategy.

Step 1: Define the issue

Step 2: List the alternatives

Step 3: Establish the standards

Step 4: Consider the options.

Which should be taken into account whenever making logical decisions?

Instead of relying on subjectivity and intuition, rational decision-making uses objective data, logic, and analysis to help solve problems and accomplish goals. It is a methodical approach that enables you to recognize an issue, choose a course of action from a variety of options, and come up with a response.

It involves identifying the problem that has to be solved, gathering information, finding options and outcomes, assessing them, accounting for all the linkages, and coming to a decision.

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According to the PACED decision-making tool, Defining the problem is the first step in decision-making. Therefore, option A is the correct option.

What is decision-making?

Decision-making is the art of making decisions. The decisions of human beings define their lives and also decide their future and course of life. Decision-making is a process of thinking about the issue or situation, analyzing all aspects of it, analyzing all the repercussions and consequences of the same tan then making some decision that is wise and sustainable in the long term.

From, deciding about which clothes to wear to, deciding the college or a career, all the decisions sum up and result in big realities.

The first step in making a choice, according to the PACED decision-making methodology, is to define the problem. As a result, choice A is the best one.

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24. The company is considering two independent projects with an initial cost of $18,000 each. The cash inflows of Project A are $3,000, $7,000, and $10,000 for Years 1 to 3, respectively. The cash inflows for Project B are $3,000, $7,000, and $15,000 for Years 1 to 3, respectively. The required return is 12 percent and the cutoff discounted payback period is 3 years. Based on discounted payback, which project(s), if either, should be accepted

Answers

Answer: Project B

Explanation:

To find out the project that should be accepted based on the discount rate and the cut-off discounted payback periods, find the present value of the three year cashflows of each project. If it is larger than the initial investment then it should be accepted:

Project A

= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 10,000 / (1 + 12%)³

= $15,376.73

Project A's present value is less than the initial investment of $18,000 so it should not be chosen.

Project B

=  3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 15,000 / (1 + 12%)³

= $18,935.63

Project B's present value is larger than the initial investment of $18,000 so it should be chosen.

Should the Minimum Wage increase to $11 an hour instead of $15? Why?

Answers

Answer:

I think you mean increase to $15 instead of $11.

In one recent poll, 67 percent of small business owners support the minimum wage increase to $15 an hour. They say it would spark consumer demand, which would enable them to retain or hire new employees. And raising the wage doesn't seem to compel employers to cut jobs.

It would help 900,000 people out of poverty. Raise income for 17 million people (one in 10 workers), to the tune of $509 billion over 10 years. Potentially increase wages for another 10 million people.

In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?

Answers

The total revenue when the profit and expenses are given so it should be considered as the $7,913,617.

Calculation of the total revenue:

We know that

Profit is $5,456,963

And, expenses is $2,456,654

We know that

Profit = Revenue - Expenses

$5,456,963 = Revenue - $2,456,654

So, the revenue is  

= $5,456,963 + $2,456,654

= $7,913,617

Hence, The total revenue when the profit and expenses are given so it should be considererd as the $7,913,617.

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answer them all correct and get brainliest and 50 points
Which of the following is the best way to write a salutation in a cover letter addressed to Mr. Ravi Patel, Human Resources Manager, ABC Company?
a.
Dear Sir:
b.
To Whom It May Concern:
c.
Dear Mr. Patel:
d.
Gentlemen:


Please select the best answer from the choices provided

A
B
C
D
An excerpt of an introduction of a cover letter about an opening at Green Acres Community Center.
Which type of cover letter would the above excerpt come from?
a.
Prospecting cover letter
b.
Networking cover letter
c.
Application cover letter
d.
Follow up cover letter



Please select the best answer from the choices provided


A
B
C
D
Which of the following is NOT an example of nonverbal communication?
a.
Using facial expressions
b.
Talking on the telephone
c.
Making eye contact
d.
Making hand gestures


Please select the best answer from the choices provided

A
B
C
D
Communication may account for as much as _____ of a hiring decision.
a.
25%
b.
40%
c.
65%
d.
80%



Please select the best answer from the choices provided


A
B
C
D
The purpose of sending a thank-you letter after an interview is to _____.
a.
increase name recognition
b.
demonstrate good manners
c.
reiterate interest in a position
d.
reinforce qualifications
e.
all of the above


Please select the best answer from the choices provided

A
B
C
D
E

Answers

C
A
B
D
E
These are the answers that I got I’m pretty sure all of them should be right

Answer:

C

A

B

D

E

Explanation:

i just plugged them in on edge 2020

I NEED THIS FAST PLEASE
Due today!

Which of the following scenarios best reflects a list price?

A. Earrings that are buy one get one free

B. A bike that is half off because of a holiday promotion

C. Socks that have a suggested retail value of $39.99

D. A dress that is 25% off

Answers

Answer:

C. Socks that have a suggested retail value of $39.99

The following scenarios best reflect a list price of Socks that have a suggested retail value of $39.99. Thus the correct option is C.

What is the list price?

The specified price at which some is advertised for sale through a specific channel, such as a factory, a retail store, a catalog, or a retail, wholesale, or distributor website is The list price.

The difference between the listing price and the sale price of a property is known as the "listing price," also referred to as the "asking price."The highest price at which a thing may be sold is its list price.

The cost at which a seller decides to put their house on the market is known as the list price. You can specify a particular range of costs and make them exclusive to a certain clientele using a pricing list.

Therefore, option C is appropriate.

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Sandra acquired a passive activity three years ago. Until last year, the activity was profitable, and her at-risk amount was $300,000. Last year, the activity produced a loss of $100,000, and in the current year, the loss is $50,000. Assuming Sandra has received no passive activity income in the current or prior years, her suspended passive activity losses from the activity are: a. $90,000 from last year and $50,000 from the current year. b. $100,000 from last year and $50,000 from the current year. c. $0 from last year and $0 from the current year. d. $50,000 from the current year.

Answers

Answer:

c. $0 from last year and $0 from the current year.

Explanation:

$300,000 - $100,000 = $200,000 new at risk basis at the end of last year

at risk basis at the end of current year = at risk basis at the end of last year - current year's loss = $200,000 - $50,000 = $150,000

since at risk basis is still $150,000 (not negative), there is no suspended passive activity loss

Delon needs to modify the style of his form elements in Access 2016. Which tab in the ribbon should he use to apply Quick styles to a form? Form Design Tools > Design Form Design Tools > Arrange Arrange Form Design Tools > Format

Answers

Answer:

Form Design Tools > Format                    edg 2021

Explanation:

Form Design Tools> Format is the style Delon needs to modify the form of his elements. Thus, option D is correct.

What is a design tab?

The Table Tools contextual tab will appear on the ribbon when you insert or select a table in Microsoft Publisher . You can easily arrange your table, add or remove rows and columns, set the alignment of cells, and format the typography of the text in your table using the two options on this tab, Design and Layout.

Table formatting, cell and table borders, placement of the table on the page, and table size are all included in the Design tab. You can manage the design and appearance of your presentation using the commands on the Design Tab. You can choose a theme from the ones that are offered, and you can alter the color schemes as well. The use of themes streamlines the process of developing polished presentations.

Learn more about design tab here:

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