Answer:
The correct answer is False.
Explanation:
This statement is false, because as much as the sales prices, the quantities sold and the income received from sales never change. For this reason it is considered that the cost of goods sold will always be different. It was taken into account that the price of the inventory increased.
The correct answer is B. A low inflation rate! I hope this helps you!
Answer:
Bell inc should report $980,000 as the total amount of inventory at the end of the year.
Explanation:
Given information -
Inventory that were on hands - $830,000
Inventory that was in transit - $60,000
Inventory that was out on consignment - $90,000
Here for taking out the total inventory all of the given above items would be added .
Inventory that was in transit would be added because these f.o.b. goods would be considered transferred from seller to buyer as soon as they are shipped, so it doesn't matter if they're received two days after the inventory count , they will be added.
Goods which are sent on consignment would also be added because goods would remain in the name of consignor ( Bell inc ) until they're sold by consignee ( an agent who has been hired by Bell inc to sell its goods )
Inventory at end of year - $830,000 + $60,000 + $90,000
= $980,000
Answer:
<em>
B) that Nimbus has a matrix structure</em>
Explanation:
Yes absolutely the above information is true, and from the following statement that can be fittingly inferred is given in OPTION(B).
<em>Because matrix structure is something in that organizational structure of the company has a single record that is given to multiple administrator.</em>
So, therefore as we can see in the scenario that Nimbus Inc. is also has a matrix structure.
Answer:
B) The contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.
Explanation:
The contract doesn´t include in its mayor part provision of services. And Sally wanted to sue Good Carpet for the services that they provided, not for the good it sells.