The december 31, 2018, year-end inventory balance of the raymond corporation is $248,000. you have been asked to review the following transactions to determine if they have been correctly recorded.1. goods shipped to raymond f. o.b. destination on december 26, 2018, were received on january 2, 2019. the invoice cost of $49,000 is included in the preliminary inventory balance.2. at year-end, raymond held $33,000 of merchandise on consignment from the harrison company. this merchandise is included in the preliminary inventory balance.3. on december 29, merchandise costing $7,900 was shipped to a customer f. o.b. shipping point and arrived at the customer's location on january 3, 2019. the merchandise is not included in the preliminary inventory balance.4. at year-end, raymond had merchandise costing $34,000 on consignment with the joclyn corporation. the merchandise is not included in the preliminary inventory balance. required: determine the correct inventory amount to be reported in raymond's 2018 balance sheet.

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: