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joja [24]
1 year ago
9

Boron company has net sales of $60,000; beginning inventory of $7,000; purchases of $35,000 and ending inventory of $5,000. The

cost of goods sold is ______.
Business
1 answer:
SCORPION-xisa [38]1 year ago
7 0

Net sales for the Boron Company were $60,000, with $7,000 in beginning inventory, $35,000 in purchasing, and $5,000 in ending inventory. $37,000 is the cost of the sold goods.

Cost of Goods Sold is calculated as Beginning Inventory minus Purchases minus Ending Inventory.

$7000+$35000-$5000=$37000

The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution. As a company's gross profit is calculated by subtracting COGS from its revenues, COGS is a crucial financial statement statistic.

To learn more about Cost of goods sold here

brainly.com/question/13499038

#SPJ1

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Lori contracts to buy coffee beans for her store from Mike. The contract price is $7.50 per pound of Costa Rican coffee. Mike br
Ksju [112]

Answer:

the difference between the contract price of coffee and what Lori will have to pay to secure alternative coffee

Explanation:

Lori wanted to buy coffee beans for that she paid the contract price of $7.50 per pounds to mike. Mike has breached the contract which is why Lori has lost $7.50.  Now to buy coffee beans she will contact some other supplier and pay them to secure alternative coffee. So, in total Lori's damages are the contract price of coffee and what she will pay some other vendor to secure coffee beans.

4 0
3 years ago
____ is the process for motivating employee performance in which the manager and employee jointly set objectives for the employe
nika2105 [10]

Answer:

MBO

Explanation:

  • Management by objectives also known as management by results is a process which is proposed by the peter drunkard in 1954. By defining the specific objectives in an organization, and how to achieve these targets.
  • This process helps the business organization to accomplish its objectives, by goal setting. It has a five-set process of reviewing the  organizational goal , then setting the worker objective  and monitoring their progress  and evaluation  after giving the reward.
  • The word SMART is also associated with the objectives as Specific, Measurable, Assignable, Realistic and a Time-bound process.

8 0
3 years ago
A portfolio is consisted of two stocks:$1,000 in stock X and $3,500 in stock Y. The expected return on stock X is 12%, and 6% fo
oksano4ka [1.4K]

Answer:

Portfolio return = 7.3%

Explanation:

<em>The portfolio expected rate of return would be the weighted  average expected rate of return</em>

Weighted average expected rate of return=

12%× (1000/(3500+1000) + (3,500/(1000+3500)× 6%= 0.073333333

Expected rate of return = 0.073333333 × 100 = 7.3%

Portfolio return = 7.3%

6 0
3 years ago
Lark had net income for 2018 of S103,000. Lark had 38,000 shares of common stock outstanding at the beginning of the year and 44
Kryger [21]

Answer:

price earning ratio = 19.44 times

so correct option is c. 19.44

Explanation:

given data

net income =  $103,000

common stock outstanding beginning = 38,000 shares

common stock outstanding ending = 44,000 shares

preferred stock outstanding = 5,000 shares

paid preferred dividends = $29,000

common stock = $35.00 per share

market price preferred stock = $55.00 per share

to find out

Lark's price earnings ratio

solution

first we get here average no of equity share that is

average no of equity share = common stock outstanding beginning + common stock outstanding ending ÷ 2

average no of equity share = \frac{38000+44000}{2}

average no of equity share = 41000 share

and

earning per share will be here as

earning per share = ( net income - paid preferred dividends ) ÷ average no of equity share

earning per share =  \frac{103000-29000}{41000}

earning per share = $1.80

so here price earning ratio will be as

price earning ratio = \frac{market\ price\ common\ share}{earning\ per\ share}

price earning ratio = \frac{35}{1.80}

price earning ratio = 19.44 times

so correct option is c. 19.44

7 0
3 years ago
Annapolis Company has two service departments (Computer Operations &amp; Maintenance Services). Annapolis has two production dep
eimsori [14]

Answer:

$56,900

Explanation:

                             Compt.         Maint.       Mixing      Packaging

Dept Cost             140,000      115,000

Cost allocation                            32941        41177         65882

(Computer)

Cost allocation                                

(Maintenance)                                                56900          91041

Total                                                                98077         156923

Workings.

Computer department cost allocation

Maintenance department = 4/17*140000 =32941

Mixing department = 5/17*140000 =41177

Packaging department = 8/17*140000= 65882

Maintenance department cost allocation

Total cost allocated = 147941

Mixing department = 5/13*147941 = 56900

Packaging department  = 8/13*147941 =91041

8 0
3 years ago
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