Reconstruction refers to the period of American history that followed the Civil War. During this time period, the country attempted to recover from the damage of the war. It also attempted to integrate former slaves into mainstream society.
Although Reconstruction was not a complete success, I consider that it was still an effective way to achieve long-lasting change. The Reconstruction allowed the rebuilding of the economy by integrating the former slaves into the labor force. It also forced employers or landowners to pay their black workers. Reconstruction helped the black population of the country enjoy the rights and freedoms that they were able to achieve.
I would say false, the sheet that reports the revenues and the costs is known as the income statement. the balance sheet is the sheet that would report all of the assets (such as the cash, accounts receivable, or others). The balance sheet will also report all the liabilities (including the accounts payable, notes payable and others). Lastly, the balance sheet will also report the equity or the capital account of the business. So in a nutshell, the balance sheet reports the assets, liabilities, and owner's equity.
The effective annual rate is 8.33%.
we can calculate the effective nominal annual rate by using this formula;
r = e∧i - 1
e is the constant = 2.718
i = compounded annual nominal rate = 8% = 0.08
r = 2.718∧ (0.08) - 1
= 1.0833 - 1
= 0.0833 = 0.0833 x 100 = 8.33%
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Beginning finished goods inventory= $40,000
During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 40,000 + 280,000 - 42,000
COGS= 278,000
