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1 year ago

Colbert, and $1,300,000 for stewart. what was consolidated cost of goods sold for 2021?

Business

1 answer:

Yuri [45]1 year ago

7 0

The consolidated cost of goods sold for 2021 is $6,092,800.

A goods is an object that satisfies a human need and provides benefits to consumers and others who purchase satisfactory products. A distinction is generally made between transferable goods and non-transferable services.

Merchandise is the tangible item sold to the customer and service is the task performed for the benefit of the recipient. Examples of products include automobiles, appliances, and clothing. Examples of services include legal advice, house cleaning, and consulting his services.

Commodities can be anything from commodities, supplies, raw materials to finished products

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A portfolio consists of $15,200 in Stock M and $23,400 invested in Stock N. The expected return on these stocks is 8.90 percent

bonufazy [111]

Answer:

Portfolio return = 11.08%

Explanation:

<em>The expected return on the portfolio is the weighted average return of all the different stocks making up the portfolio. The weight of the individual stock would be the relative amount invested in each stock as a proportion of the total fund invested.</em>

The expected return can be determined as follows

Weighted of stock A= 15,200/(15200+23400)=0.39

Weight of stock B = 23.400/((15200+23400)= 0.61

Expected return on portfolio = (0.39 ×8.90% ) + (0.61*12.50%)= 11.08 %

8 0

4 years ago

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The follow

Amiraneli [1.4K]

Answer:

b.$4.43.

Explanation:

Cost Units

Beginning inventory:

direct materials, $54,760; 9270

Costs incurred during the month:

direct materials, $470,000 102,000

Total $ 524 760 118,200

Equivalent Unit Costs= $ 524760/118 ,200= $ 4.43

As FIFO method is used first the beginning inventory and started units will be accounted for.

<u>Working</u>

Units

Work in process, November 1st 16,200

Started in production during November 10 2,000

Work in process, November 30th 24,200

The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs.

Beginning Inventory Units

Materials 16,200 (60 %) 9720

Conversion Costs 16,200 (20% ) 3240

The ending inventory was 90% complete as to materials and 40% complete as to conversion costs.

Materials 24,200 (90 %) 21780

Conversion Costs 24,200 (40% ) 9680

Beginning inventory: direct materials, $54,760; direct labor, $20,520; manufacturing overhead, $15,440.

Costs incurred during the month: direct materials, $470,000; direct labor, $184,880; manufacturing overhead, $393,160.

4 0

4 years ago

What is the most common method of measuring flows of trade?

kakasveta [241]

The most common method to measure flows of trade is the comparison between the exportation of merchandise, services, and the capital of the countries.

<h3>What is trade?</h3>

Trade is the situation where the countries buy (import) from or sell (export) to the countries outside the boundaries of their own territories.

Exports referred to the scenario where one country provides goods and services to another country abroad. The comparison of goods, services, and monetary capital of foreign countries with respect to their own countries can be used as a common method to measure the trade flows.

Therefore, the exporting of goods, services, and capital to other countries is the method to determine trade flows.

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4 0

2 years ago

Each country has a unique economic system to allocate its scarce resources. However, the economic system of most of the world'

labwork [276]

Answer:

The answer are: ... are a combination of the central planning system and the price system.

Explanation:

Every economy in the world is a mixture of capitalism and socialism. In capitalism the fee market is absolute king, it sets prices and supply and demand of products. In socialist countries the government plans the economy and decides supply and demand of goods and services.

No country is purely capitalist since taxes exist and the government always intervenes with regulations and public services, etc. No country is purely socialist either, not even North Korea, since all the economies need to trade with their neighbors and people will always want to prosper.

So countries try to manage their economies in a mixture, some are more capitalist like the US and Canada, and some are more socialist like North Korea and Venezuela. The EU is sort of in the middle of both ideologies.

6 0

4 years ago

Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman

salantis [7]

Answer:

The correct answer is option B.

Explanation:

An increasing-cost industry is that kind of industry where the cost of production increases as new firms enter the industry. It generally happens as the industry expands, the cost of inputs increases, because the input demand is increasing as well.

An increasing cost industry has an upward sloping long-run supply curve. So when the demand increases, the new demand curve will intersect the upward sloping demand curve at a higher point. This will cause both the product price as well as the output level to increase.

3 0

3 years ago