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2 years ago

Which is a reason why it is important to organize information before preparing a business report?.

1 answer:

7 0

Organizing findings when preparing a business report will help you make faster and more efficient decisions, increasing the quality of organizational processes.

<h3 /><h3>What is a business report?</h3>

Corresponds to a document where data and information about an organizational period are provided, which will increase the understanding of the real situation of a company in a period, assisting in decision making in a more visionary and comprehensive way, helping to create strategies in relation to the micro and macro environment.

Therefore, business reporting must be organized and structured to assist in the effective management of an organization.

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Swifty Company's accounting records show the following at the year ending on December 31, 2022: Purchase Discounts $ 11300 Freig

Juli2301 [7.4K]

Cost of goods sold (Periodic System) = Beginning inventory + (Purchases, net of returns and allowances, and purchase discounts) + freight in − Ending inventory .

COGS = Cost of goods sold

COGS = 46200+(401100-13500-11300)+16000-57900

COGS = 380600

The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.

First In First Out (FIFO), Last In First Out (LIFO), and the Average Cost Method are the three techniques that a business might employ when tracking the amount of inventory sold over a given time period.

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2 years ago

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ANTONII [103]

The S<u>mall Business Administration</u><u> </u> helps economically weaker sections of the society to apply for loans to set up small businesses and facilitate their development

Explanation:

The Small Business Administration (SBA) was established in the year 1953 to provide financial assistance to the small businesses.
Apart from providing financial assistance SBA also counsel individual who are trying to setup or grow their businesses.
SBA also acts as an advocate as it provides legislative advice's to the small business houses .

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3 years ago

Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly fina

NISA [10]

1)The estimated ending inventory is $48,236

2)The estimated ending inventory is $72,000

Explanation:

1)For the given values the beginning inventory,net purchases, freight-in, cost of goods available for sale , cost of goods sold, net sales, less estimated gross profit, estimated inventory before theft, stolen inventory and estimated ending inventory are calculated in the given system.

The estimated ending inventory is $48,236

For the given values the beginning inventory,net purchases, freight-in, cost of goods available for sale , cost of goods sold, net sales, less estimated gross profit, estimated inventory before theft, stolen inventory and estimated ending inventory are calculated in the given system.

The estimated ending inventory is $72,000

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3 years ago

Two examples of events that occasions which people come together

san4es73 [151]

Answer:

•wedding

•birthday party

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3 years ago

What is Benartzi's solution to all of these behavioral challenges that effect personal finance? How does improved personal finan

prohojiy [21]

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3 years ago