Business, 10.04.2020 01:05 naiomireyes74p2aybs
The December 31, 2021, year-end inventory balance of the Raymond Corporation is $250,000. You have been asked to review the following transactions to determine if they have been correctly recorded. Goods shipped to Raymond f. o.b. destination on December 26, 2021, were received on January 2, 2022. The invoice cost of $50,000 is included in the preliminary inventory balance. At year-end, Raymond held $34,000 of merchandise on consignment from the Harrison Company. This merchandise is included in the preliminary inventory balance. On December 29, merchandise costing $8,000 was shipped to a customer f. o.b. shipping point and arrived at the customer’s location on January 3, 2022. The merchandise is not included in the preliminary inventory balance. At year-end, Raymond had merchandise costing $35,000 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 2021 balance sheet.
Answers: 2
Business, 22.06.2019 06:10
Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %
Answers: 2
Business, 22.06.2019 13:40
Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.
Answers: 2
Business, 22.06.2019 18:20
Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.
Answers: 3
Business, 22.06.2019 19:50
The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively
Answers: 1
The December 31, 2021, year-end inventory balance of the Raymond Corporation is $250,000. You have b...
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