1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
laila [671]
1 year ago
7

A company has beginning inventory for the year of $13,000. During the year, the company purchases inventory for $150,000 and end

s the year with $25,000 of inventory. The company will report cost of goods sold equal to:
Business
1 answer:
WARRIOR [948]1 year ago
8 0

Based on the opening and closing inventories as well as the purchases, the company cost of goods is $138,000.

<h3>What are the cost of goods sold?</h3>

This can be found as:

= Opening inventory + purchases - closing inventory

Solving gives:
= 13,000 + 150,000 - 25,000

= $138,000

Find out more on cost of goods sold at brainly.com/question/24561653.

#SPJ1

You might be interested in
A weak company culture A. celebrates change and consensual decision-making. B. produces champions of innovation and creativity.
Ymorist [56]

One thing that a weak company culture does is that it D. promotes greed-driven and unethical behaviors.

<h3>What is the effect of a weak company culture?</h3>

A weak company culture is one that allows for unethical behavior to be perpetrated with impunity.

Such a culture would give rise to greed as people try to outpace each other through unethical actions.

This means that there would be little teamwork and instead a toxic environment would be the order of the day. Such a company cannot hope to survive for too long before it crumbles.

In conclusion, option D is correct.

Find out more on company culture at brainly.com/question/27778728

#SPJ1

7 0
1 year ago
If incomes increase during a period of expansion, goods considered to be inferior will experience?
Olegator [25]

If incomes increase during a period of expansion, goods considered to be inferior will experience:

  • A decrease in demand

<h3>What are inferior goods?</h3>

Inferior goods are those types of goods that consumers have little or no interest in. These goods are mostly sought after when the economy is tough and people have no option but to purchase them.

However, when the economy improves and there is an expansion, people will naturally return to the goods that they believe have superior quality. When they make this move, the inferior goods will experience a decrease in demand.

Learn more about inferior goods here:

brainly.com/question/20532958

#SPJ1

5 0
1 year ago
A candle manufacturer produces 4,000 units when the market price is $11 per unit and produces 6,000 units when the market price
mario62 [17]

Answer:

The option (b) 2.4 is correct.

Explanation:

We can find price elasticity of demand by using the formula shown in the attachment attached with.

Since we know the quantities of product associated with the market price of the product, by putting values in the equation we have:

Price elasticity of Demand =

= [(6000 - 4000) / (6000 + 4000)/2] / [(13 - 11) / (13+11)/2]

Price elasticity of Demand = 2.4

So this is how we can find the price elasticity of supply which says that the producers will respond to prices drop by producing lower quantity of product.

5 0
3 years ago
Airlines utilize _____ because there is constant communication and back-and-forth between gate agents, ticket agents, baggage ha
solniwko [45]

Hey there!

Your answer is reciprocal independence.

In reciprocal independence, different areas of a company are constantly communicating with each other.

Sequential independence means that one area is dependent on the actions of another, which is not what this is describing.

In pooled independence, different parts of the business are very separate and don't really interact with others, which is definitely what this is describing.

Hope this helps!

4 0
3 years ago
Sort the examples below into the appropriate bin. Think about which factors could lead to more toxic substances being released i
Zielflug [23.3K]

Answer:

1. Causes: commercial production of many chemicals massive use of chemicals in food, agriculture, medicine, and industry

2. Consequences: increase in reproductive disorders contamination of soil, air, and water bioaccumulation and biomagnification of toxins in the food chain.

3. Solutions: consumer choice of low-toxicity products stricter regulations requiring that consumer products be thoroughly tested before being released to market.

Explanation:

This factors could lead to more toxic substances being released into the environment (causes), the consequences that result from toxic substances in the environment, and possible solutions to save environmental degradation.

8 0
3 years ago
Other questions:
  • Organizations use ________ to identify where their process expectations differ from sap capabilities. select one:
    15·1 answer
  • Blossom Company reported the following selected information at March 31 Total current assets Total assets Total current liabilit
    8·1 answer
  • Which of the following is NOT a function of​ inventory? A. To increase total invested capital B. To provide selection of goods f
    8·1 answer
  • Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:
    8·1 answer
  • Davis Hardware Company uses a perpetual inventory system. How should Davis record the sale of inventory costing $620 for $960 on
    9·1 answer
  • What is the difference between time work and piece work rates​
    5·2 answers
  • Andrew paid $30 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Andrew
    13·1 answer
  • In your own words, what is a franchise?
    14·1 answer
  • Two firms, Boomburgs and ABC X-Plode, both sell the same fireworks bundle. If they sell their fireworks at the manufacturer's su
    11·1 answer
  • which situation indicates a weak internal control structure? a. the mail room clerk authorizes credit memos b. the warehouse cle
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!