Reference no: EM131162538
Premier Bank and Trust is considering giving Alou Company a loan. Before doing so, management decides that further discussions with Alou's accountant may be desirable. One area of particular concern is the inventory account, which has a year-end balance of $315,670. Discussions with the accountant reveal the following.
1. Alou sold goods costing $32,780 to Comerico Company, FOB shipping point, on December 28. The goods are not expected to arrive at Comerico 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 $95,690 that were shipped to Alou FOB destination on December 27 and were still in transit at year-end.
3. Alou received goods costing $27,960 on January 2. The goods were shipped FOB shipping point on December 26 by Grant Co. The goods were not included in the physical count.
4. Alou sold goods costing $49,340 to Emerick Co., FOB destination, on December 30. The goods were received at Emerick on January 8. They were not included in Alou's physical inventory.
5. Alou received goods costing $43,850 on January 2 that were shipped FOB shipping point on December 29. The shipment was a rush order that was supposed to arrive December 31. This purchase was included in the ending inventory of $315,670.
Determine the correct inventory amount on December 31.
|
Enzymes would be inhibited by sodium borohydride
: Do you think that the following enzymes would be inhibited by sodium borohydride? You must show structures to justify your response. If inhibition is expected, you should show mechanistically how the enzyme becomes inhibited.
|
|
How can the frank-wolfe algorithm be efficiently combined
: How can the Frank-Wolfe algorithm be efficiently combined with the decomposition approach presented in this chapter, to find the optimal solution to the nonlinear program defined by maximizing the expected utility given above?
|
|
Determine the correct inventory amount
: Prepare a schedule to determine the correct inventory amount. (If an amount reduces the account balance then enter with a negative sign preceding the number , e.g. -15,000, or parenthesis e.g. (15,000).)
|
|
What is the pressure in the narrow section
: (a) What is the speed of flow in the narrow section? m/s (b) What is the pressure in the narrow section? kPa (c) How do the volume flow rates in the two sections compare?
|
|
Determine the correct inventory amount on december
: Premier Bank and Trust is considering giving Alou Company a loan. Before doing so, management decides that further discussions with Alou's accountant may be desirable. Determine the correct inventory amount on December 31
|
|
Object to reach the top of trajectory
: An object is projected upwards with a 30° launch angle and an initial speed of 40m/s how long will it take for the object to reach the top of its trajectory? How high is it?
|
|
Designing a practical circuit
: Designing a practical circuit. In the USA, Line Voltage is 120V and is driven at 60Hz. (Rating in RMS voltage.) You have a component in your circuit that has an inductance of mH. The inductor is 0.1m long with area of .001m^2.
|
|
Determine the amount of petty cash fund
: determine the amount of petty cash fund that will be included in the cash balance at June 30, 2016 and determine the amount of cash shortage or overage
|
|
Floor of an elevator car
: A person who weighs 800N steps onto a scale that is on the floor of an elevator car. If the elevator accelerates upwards at a rate of 5m/s2, what will the scale read. (hint: remember that weight is a force and that to be at equilibrium Fnet)
|