Answer:
there are 59 nickels, 12 quarters, and 213 dimes
Explanation:
- let n = nickels
- let q = quarters
- let d = dimes
first step:
d = 3 (n + q) = 3n + 3q
d + n + q = 284
0.10d + 0.05n + 0.25q = 27.25
second step:
3n + 3q + n + q = 284
0.10 (3n + 3q) + 0.5n + 0.25q = 27.25
third step:
4n + 4q = 284
0.3n + 0.3q + 0.05n + 0.25q = 27.25
fourth step:
n + q = 71
0.35n + 0.55q = 27.25
fifth step:
replace q = 71 - n
0.35n + 0.55(71 - n) = 27.25
sixth step:
0.35n + 39.05 - 0.55n = 27.25
seventh step:
11.8 = 0.2n
eighth step:
n = 59
q = 71 - 59 = 12
d = 284 - n - q = 284 - 59 - 12 = 213
Answer:
a. both the cost of the goods sold and the cost of ending inventory.
Explanation:
The physical count is used in the periodic inventory system to calculate the amount of ending inventory. However the cost of goods sold can be derived from using the ending inventory count. Suppose we have ending inventory of 100 units and Purchases were 500 units Also there were no beginning inventory units so the Cost of goods Sold can be calculated as
Cost of Goods Sold= Beginning Inventory Add Purchases Less Ending Inventory
Cost of Goods Sold= 0 + 500- 100= 400
Answer:
Concerned only with profit without ethics
Explanation:
People generally do business with ethics and moral values. The myth of immoral business is that people don't mix ethics and business together. They are concerned only with profits and the services and goods they buy or sell are not immoral but amoral. Business people who do not follow ethics are generally complaining about the regulations, they must realize that both are interlinked with each other.
Answer:
$30,000
Explanation:
A supplemental disclosure of cash flow information requires that all the cash paid in interest during the period must be disclosed.
In Ash's case:
beginning balance interest payable account $15,000
+ interest expense during the year $20,000
<u>- ending balance interest payable account ($5,000) </u>
supplemental disclosure = $30,000
