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natta225 [31]
2 years ago
5

Zhang company reported cost of goods sold of $841,000, beginning inventory of $38,400 and ending inventory of $46,900. the avera

ge inventory amount is:_______.
Business
1 answer:
Hunter-Best [27]2 years ago
4 0

Zhang company suggested price of goods bought of $841,000, establishing inventory of $38,400 and ending inventory of $46,900. the common stock amount is $42560.

Average stock is the average amount or price of your stock over two or more accounting periods. It is the mean cost of inventory over a given quantity of time. That price may additionally or may additionally now not equal the median fee derived from the identical data.

<h3>What is the average inventory level?</h3>

The average inventory degree refers to the number of units, now not the monetary fee of these units. Determining average stock degree is simpler than identifying the average inventory cost. There's one less calculation: you do the identical thing, however assign no value to products. You're simply averaging their quantity.

Learn more about average inventory amount here:

<h3>brainly.com/question/4522984</h3><h3 /><h3>#SPJ4</h3>

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What is teaching? name the manpower related to the teaching sector. <br><br>​
mr Goodwill [35]

Answer:

See below

Explanation:

<u></u>

<u>1. Teaching</u>

Teaching is a deliberate process of sharing knowledge and information in an organized manner and within a discipline. To teach is to provide experiences that stimulate the psychological and intellectual growth of a person.  It involves the more knowledgeable instructor, issuing guidance and instructions to another person who seeks to acquire knowledge.

Teaching takes place in schools and the out-of-school environment.

<u>2. The manpower related to teaching include,</u>

  1. The teacher: Also known as a tutor, instructor, or lecturer.
  2.  Education Administrators: Made-up of heads of leaning institutions,    education supervisors and the top management of education in a country.
  3.  Support staff in educational institutions.
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8 0
3 years ago
All sales are made on credit. Based on past experience, the company estimates 1% of credit sales to be uncollectible. What adjus
fenix001 [56]

Answer:

Debit : Bad Debts account : $2000 (appearing in the income statement)

Credit : Provision for doubtful debts account : $2000 (appearing in the balance sheet)

Explanation:

This is an example of provision for doubtful debts. Provision for doubtful debts is an estimated amount of bad debts from accounts receivables that has been issues but not yet collected. This is done under the accrual accounting concept where an expense is identified as soon as invoices have been issued rather than waiting long periods to find out which invoice is irrecoverable. It is typically an estimate based on past experience.

In this question, the sales value has not been provided, hence an assumption is made:

Sales : $200,000

If provision for doubtful debts is 1% of sales and all sales is on credit, then the provision for doubtful debts amount is = 1% x $200,000 = $2000

Provision for doubtful debts is an accounts receivable contra account and thus has a credit balance and is recorded in the balance sheet, listed directly under accounts receivables.

The entry is recorded as:

Debit : Bad Debts account : $2000 (appearing in the income statement)

Credit : Provision for doubtful debts account : $2000 (appearing in the balance sheet)

5 0
3 years ago
A drop in the market price of a firm's common stock will immediately affect its:
Illusion [34]
It will directly affect its market capital
7 0
3 years ago
Which of the following is true about mortgage-backed securities? I) They aggregate individual home mortgages into homogeneous po
quester [9]

Answer:

I ,II and IV

Explanation:

Mortgage backed securities are either a claim for equity in a pool of mortgages, or a duty secured by a pool. Such claims reflect home loan securities. Loans borrow from mortgage lenders and then sell bundles of those loans on the resale market.

Specifically, once those loans are paid off, they sell their claim to the mortgage cash inflows. The issuer of the mortgage needs to maintain the loan, receiving principal and interest payments, and transfers those payments on to the mortgage borrower.

Therefore according to the given situation the correct answer is I, II, IV

6 0
3 years ago
When the dollar depreciates, each dollar buys
Darya [45]

Answer:

C

Explanation:

more foreign currency, and so buys fewer foreign goods.

4 0
3 years ago
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