Inventories do not include $15,000 of merchandise that was in transit on December 31, which was sold to a customer with terms f.o.b. destination. The inventory reached the customer on January 5, 2020 Inventories also do not include $20,000 inventory that was received by Royale Ltd. for consignment. Explain whether the 2 inventory items mentioned should be included or excluded from Cameron Corp.’s inventory and why?

Answers

Answer 1

Answer:

They both have to be included in the inventory


Related Questions

Practice Question 25 Which one of the following is an effective method of evaluating a cost center? Compare actual total costs with flexible budget data. Compare actual controllable costs with static budget data. Compare actual controllable costs with flexible budget data. Compare the actual profit generated with expected profit.

Answers

Answer:

C). Compare actual controllable costs with flexible budget data.

Explanation:

The Cost center is very crucial to be determined by an organization as it indirectly bestows its profitability. It is usually calculated by comparing the actual cost generated by the department to the expectations as per the budgeted cost. Thus, the most constructive method to evaluate a cost center would be the 'comparison between the actual controllable costs and the flexible budget data' as it helps in assessing the actual expense incurred during the year and whether it is lesser or greater than the cost estimated in the budget. Hence, option C is the correct answer.

Yo that’s crazy keep working

Aryn is a music fan, and she enjoys learning about how speakers and sound systems are wired. She is reading books about electrical circuits, and she has decided she would like to work as an electrician on construction projects to help build new homes. However, she does not want to go to school for very long after finishing high school. What type of training would best prepare Aryn for working in construction without needing many years in school? an apprenticeship done on the job a bachelor’s degree in engineering a physics class during her last year of high school an after-school program about power tools

Answers

Answer:

An apprenticeship done on the job

Apprenticeship since that’ll give her more real life experience as compared to the other options, which are mostly academia related

8. Which of the following statements shows the mind of
a fool when it comes to credit cards?
Check all the answers that may apply:
You get six credit card offers in the mail, and are stoked! You get all the
cards.
When you finally get a credit card, you plan on getting only one credit
card. Max two. Period.
You see a bunch of kids passing out free tee shirts at a school
function. All you have to do to get the shirt is sign up for a "free"
credit card. You sign up on the spot!
You find a radical website that promises you the cheapest credit cards
for students, and believe everything you read on the site.
You decide to get your first credit card from the same place that gave
you your checking account
You decide to get your first credit card from an online bank with no
local office.
You get a credit card without checking how long the "grace period" is.
You plan on making online payments on your credit card when you get
it--and plan to pay early every month.

Answers

Answer:

The first, third, forth, sixth, and seventh statements.

Reasoning:

In the first statement someone opens six credit cards; this number of open lines of credit is not recommend.

In the third, you are freely exchanging personal information by opening a line of credit without real reason or investigation.

In the forth, there is a high chance that the site is a scam.

In the sixth, it is generally not wise to use online banks because it can be more difficult to report issues and concerns as there is nowhere for you to go for help.

In the seventh statement, not throughly researching the credit card you wish to get is always a bad idea.

1,3,4,6, and 7 are the answers, you don’t need many credit cards, online scammers, you don’t know how long you have w it or to pay it back etc.

The bookkeeper for the company has prepared the following balance sheet as at December 31, 2018: Cameron Corp Balance Sheet December 31, 2019 Current Liabilities Long-term Liabilities Shareholders' Equity $.237.500 437,500 494,800 Cash Accounts Receivable (net) Inventories Investments Land Building (net) Copyright (net) $ 40,250 (1) 85,550 (2) 105,000 (3) 60,000 (4) 350,000 (5) 525,000 (6) 4.000 (7) $1.169,800 $1.169.800 The following additional information is provided: 1. The cash balance includes: Petty cash fund Cash advance to employee, payable on demand Saving Account at TD Bank Certificate of deposit (90-days) Chequing account at the Bank of Montreal Bank overdraft at the Scotia Bank Total $ 250 1,000 23,000 10.000 6,750 (750) S_40.250 2. The allowance for doubtful accounts $7,750. 3. - The net realizable value of the inventory that is included in the Balance Sheet is $100,000.- - Inventories do not include $15,000 of merchandise that was in transit at December 31, which was sold to a customer with terms f.o.b. destination. The inventory reached the customer on January 5, 2020 - Inventories also do not include $20,000 inventory that was received by Royale Ltd. for consignment. 4. The investments section includes the following: notes receivable that was issued on September 1st, 2019 bearing interest at 6% and due on August 31, 2020 $20,000; long-term FV-OCI investment $30,000 carrying value (fair value $26,000 at December 31,2019); and FV-NI Investment 500 common shares of Landon Inc. purchased at $10.00 per share (fair value $11.50 per share at December 31,2019). The company expects to sell the FV-NI shares as soon as the market price increases next year. 5. The land balance includes: land used for operations and recorded at its appraised value of $350,000 (the original cost of the land was $275,000). The company uses the historical cost method to account for property, plant & equipment. 6. The building originally cost $750,000. Depreciation for 2019 has already been recorded. 7. The copyright originally cost $10,000 and is being amortized over 5 years on a straight-line basis. Amortization for 2019 had already been recorded. 8. The company borrowed $50,000 from ABC Bank. The bank charges 5% and the loan is due May 1st 2025. As part of the bank loan, ABC Bank required Cameron Corp. to pledge their building as security for the loan (in other words it is the banks collateral). How to do adjustment in Inventories in part (3) and Investment in part (4)?

Answers

Answer:

lolol

Explanation:

What the flip is this on about???!?

In order for Kanye West to perform on the new Arcade Fire album, he must first have what detailed clause in the contract between he and his label permitting him to do so?

Answers

Answer:

He must have a skratta du flörlar du in his album cover

Explanation:

You laugh, you lose

Answer:

yes

Explanation:

Barnes & Noble and Amazon would be considered a(n) _______ because they sell similar products. Question 4 options: strategic group oligopoly overlapping group customer group

Answers

Answer:

oligopoly

Explanation:

Your answer will be oligopoly

U.S. corporation Wright Air Conditions borrows funds to build a factory in the US and a factory in Mexico. Borrowing for factories in which location(s) is included in the U.S. demand for loanable
funds?
O only the U.S.
O only Mexico
O Mexico and the U.S.
O neither Mexico nor the U.S.

Answers

Answer:

The answer is "Mexico and the U.S."

Explanation:

The Wright rising temperature, in the united states company, needs to borrow money to construct the United States and Mexican factories. The United States market with bank credit is required for financing through the companies in Mexico as well as the United States markets, that's why in this question the choice "Mexico and the United States " is correct.

The funds are for the US and Mexico

mention the major jobs of pharmacist​

Answers

Answer:

Pharmacists are responsible for:

ensuring that the supply of medicines is within the law. ensuring that the medicines prescribed to patients are suitable. advising patients about medicines, including how to take them, what reactions may occur and answering patients' questions.

Explanation:

Answer:

prepares medication, dispenses medications by compounding packaging and labeling pharmaceuticals, also co tools and monitors drug therapy

What can you do to ensure guest and
team member safety?

Answers

To ensure the safety of guests and team members:

1. Constantly check that chairs, tables and other furniture are well secured to floors, walls or wherever they need to be

2. Make sure that wet or dangerous areas are fixed

3. Look for suspicious people as they may be a threat

4. Always know the place and check for any changes that may occur

Hope that helped!!! k

Answer:

Basically, you are to comply with all safety precautions given. Either at the work shop, offices, or at home. Also, instructions should be given to guest and team members on how to use the safety equipment provided.

Explanation:

Interpersonal Professional Communication According to your textbook, when is an email message appropriate for communicating?

Answers

Answer:

Explanation:

An email message is appropriate for communicating when sending short and informal messages, whether responding to inquiries or requesting for information from the recipient. An email message should be brief, concise, clear and straight to the point.

Also, sometimes someone who is sending an email could have multiple receivers hence such email needs to be sent and then saved or archived afterwards. Where a person is sending longer attachments, an email can be used as a cover document for such.

Emails are not meant for angry responses, negative news, hence must be thoroughly edited because they are considered permanent once they are sent . The focal point of discussion should be the topic in an email communication; while it is advisable to begin communication only when one has been able to gather relevant information instead of just responding.

When you need some serious help

If a customer appears to be unsure about
purchasing an item, what would you do?

Answers

Suggest something to them most likely

Answer:

I compliment the merchandise and highlight it

Explanation:

Which of these is the biggest challenge to saving money? Employer incentives Advertising campaigns Instant gratification Social and cultural influences

Answers

Answers:

Social and cultural influences

Explanation:

The biggest challenge to saving money is Social and cultural influences because social and cultural influences public to participate or disallow decisions made by corporations that affect the budget.

Social and cultural influences can not me measured accurately and it may change according to the change in social and cultural behavior, so money required for social and cultural influences can not be predicted accurately and biggest challenge to saving money.

Hence, the correct option is "Social and cultural influences"

Answer:

instant gratifications

Explanation:

social and cultural is wrong because I tried that one already

why is body language an important indicator in business meeting

Answers

sometimes it is used to expres your self  

Shows confidence which would make the other employee respect you more and trust you more with your ideas shared in the meeting

How would you illustrate the impact of a rise in cost of production in a free market economy on both the equilibrium price and the equilibrium quantity using a diagram

Answers

Drawing a pi Britain also needed money to pay for its war debts. The King and Parliament believed they had the right to tax the colonies. ... They protested, saying that these taxes violated their rights as British citizens. The colonists started to resist by boycotting, or not buying, British goods.

Answer:

Deaw a pi Britain

Explanation:

Which term defines a method of social control that encourages a person to adhere to rules, laws, and societal norms? A method of social control that encourages a person to adhere to established rules, laws, and societal norms is called a _______________________ .

Answers

A method of social control that encourages a person to adhere to established rules, laws, and societal norms is called a Spontaneous social control.

Answer:

sanction

Explanation:

What would you do if you do not have an
item a guest is requesting?

Answers

Simply you explain this issue to the guest and offer them a similar item of their interest. Being polite and respectful is very crucial in this situation.

Hope that helped!!! k

Answer:

You attempt to procure the item (if within your ability); otherwise, inform the guest that you are unable to obtain the item.

Explanation:

In order to please your customer, you need to satisfy their request.  If their request is within your ability to fulfill the obligation, then inform them you will comply with their requests and attempt to procure the item.  If you are unable to satisfy their request, inform the guest that you cannot obtain the item and perhaps help them by showing them how or where they can obtain the item.

Cheers.

Order the bond types below from lowest to highest risk of default.
Lowest risk of default
+ U.S. Treasury bonds
1. Junk bonds
* Corporate bonds
Highest risk of default​

Answers

Answer:

According to the risk of default from lowest to highest:

1. U.S. Treasury bonds.

2. Corporate bonds.

3. Junk bonds

Explanation:

Bonds are ways through which a governments and corporations are able to raise money in-order to finance the big projects.

It is issued to the public through a mapped out auction based in months or years validity. And, by buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments.

Which is false?
To satisfy the seminar's requirements
I must be the one who is participating in the seminar,
I may not refer to any of my notes or discuss any information with others.

I may consume alcohol or be under the influence of alcohol or any other intoxicants while taking part of this course,

All of the above

Answers

I may consume alcohol or be under the influence of alcohol or any other intoxicants while taking part of this course

I may consume alcohol or be under the influence of alcohol or any other intoxicants while taking part of this course. This statement is false

What is alcohol?

Alcohol is a  chemical substance found in drinks such as beer, wine, and liquor. It is also found in some medicines, mouthwashes, household products, and essential oils (scented liquid taken from certain plants). It is made by a chemical process called fermentation that uses sugars and yeast. There are different types of alcohol. The type used to make alcoholic drinks is called ethyl alcohol (ethanol). Drinking regular or large amounts of alcohol may increase the risk of certain types of cancer, such as cancer of the mouth, throat, esophagus, br-east, liver, colon, and rectum.

"Alcohols are organic molecules assembled from carbon (C), oxygen (O), and hydrogen (H) atoms. When 2 carbons are present, the alcohol is called ethanol (also known as ethyl alcohol). Ethanol is the form of alcohol contained in beverages including beer, wine, and liquor. Alcohols may be classified as primary, secondary, or tertiary, according to which carbon of the alkyl group is bonded to the hydroxyl group. Most alcohols are colourless liquids or solids at room temperature."

To learn more about alcohol here

https://brainly.com/question/4698220

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