Umatilla bank and trust is considering giving pohl company a loan. before doing so, it decides that further discussions with pohl company’s accountant may be desirable. one area of particular concern is the inventory account, which has a year-end balance of $275,000. discussions with the accountant reveal the following.
1. pohl company sold goods costing $55,000 to hemlock company fob shipping point on december 28. the goods are not expected to reach hemlock until january 12. the goods were not included in the physical inventory because they were not in the warehouse.
2. the physical count of the inventory did not include goods costing $95,000 that were shipped to pohl company fob destination on december 27 and were still in transit at year-end.
3. pohl company received goods costing $25,000 on january 2. the goods were shipped fob shipping point on december 26 by yanice co. the goods were not included in the physical count.
4. pohl company sold goods costing $51,000 to ehler of canada fob destination on december 30. the goods were received in canada on january 8. they were not included in pohl company physical inventory.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 00:20, brainbean
Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports
Answers: 2
Business, 22.06.2019 19:00, sharri44
Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.
Answers: 2
Business, 22.06.2019 19:10, sierravick123owr441
You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.
Answers: 2
You know the right answer?
Umatilla bank and trust is considering giving pohl company a loan. before doing so, it decides that...
Questions in other subjects:
History, 03.08.2019 20:00
Mathematics, 03.08.2019 20:00
Spanish, 03.08.2019 20:00
Mathematics, 03.08.2019 20:00
