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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

Learn more about goods here:brainly.com/question/24373500
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Sally Fuller is a buyer for GWA publishing company. Her job is to purchase supplies and services for the printing of technical m

nignag [31]

Answer:

B. Pass-through scheme.

Explanation:

Pass-through Billing: Pass-through billing schemes occur when a provider, such as a physician or hospital, pays a laboratory to perform their tests and then files the claims as though they had performed the tests themselves.

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3 years ago

The Michael Miller Corporation has a sales budget for next month of $200,000. Cost of goods sold is expected to be $125,000. All

frutty [35]

Answer:

the inventory to be purchased next month is $123,000

Explanation:

The computation of the inventory to be purchased next month is shown below:

= Cost of goods sold + closing inventory - opening inventory

= $125,000 + $6,000 - $8,000

= $123,000

hence, the inventory to be purchased next month is $123,000

We simply applied the above formula so that the purchase value of the inventory could come

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3 years ago

U.S. based Majestic Co. sells products to U.S. consumers and purchases all of materials from U.S. suppliers. Its main competitor

lakkis [162]

Answer:

Economic exposure.

Explanation:

Economic exposure is also known as operating exporter is known as a phenomenon where a business's cash flow is affected by currency rate fluctuations. It occurs over the long term and affects product value.

Businesses protect themselves from economic exposure by operational strategies mostly through diversification, and currency risk mitigation strategies.

In this instance Majestic Co a United States company has a competitor in Belgium and so tend to be affected by foreign exchange fluctuations of the dollar to Belgium currency.

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3 years ago

Read 2 more answers

Prepare Journal Entries in a Purchases Journal

kenny6666 [7]

Answer:

Explanation:

DATE Account AccountsPayable OfficeSupplies OtherAccounts

Credited credit debit debit

Apr. 4 Officemate $620 $610 no entry

Apr. 9 Tek Village $2,460 $2,460

Apr. 16Officemate $170 $170 no entry

Apr. 19 Paper to Go $250 $250 no entry

Apr. 30 Total $3,500 $1050 $2,460

b. Total amount posted / credited to accounts payable= $( 620+2,460 + $170 + 250) = $3500

Total amount from and debited from Office supplies = $(610 + 170+ 250) = $1050

What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?

$ __170____ ie $ 610 + 170 - 610( because invoice on April 4th was paid on April 27th.

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3 years ago

How much cash will an investor have to pay on a property where the bank is providing a loan at 75% LTV, on a purchase price of $

daser333 [38]

Answer:$1,837,500

Explanation:The LTV (Loan-to-value) ratio refers to the value signifying the difference between what is owed on a mortgage and the original mortgage value.

LTV = 75%

LTV = 0.75

Purchase price = $5,550,000

Bank will provide a loan to fund the mortgage at 75% LTV

Therefore,

Mortgage at 75% LTV equals 0.75*$5,550,000 = $4,162,500.

Therefore, The investor will pay the balance on the purchase price and the closing balance.

Closing costs = $450,000

Balance on purchase price equals

$5,550,000 - $4,162,500 = $1,387,500

Total= balance + closing costs

Total = $1,387,500 + $450,000=$1,837,500

5 0

3 years ago