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PtichkaEL [24]
3 years ago
6

Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory wa

s $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use. Calculate Kevin's cost of goods sold for the year.?
Business
1 answer:
Dimas [21]3 years ago
3 0

Answer:

COGS= $598,020

Explanation:

Giving the following information:

Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory was $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use.

We need to deduct the inventory used for personal use.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 67,000 + 610,000 - 77,200 - 1,780

COGS= $598,020

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Answer:

1) Finalizing Project Details

2) Setting Clear Expectation

3) Choosing the right team and system

4) Defining milestones

5) Establishing clear communication

6) Managing project risks

7) Avoiding scope creep

8) Evaluating the project after compilation

Explanation:

The project manager is responsible for achieving the project objectives. The main objectives of project management are:

- Establish clear, useful and achievable goals and establish contacts

- Providing project requirements, such as the workforce, required information, various contracts, materials or technologies required to achieve the project objectives

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The project manager is a client representative and with the support of the organization they represent, it is necessary to identify and fulfill the client's needs. Installation ability, cost, time, quality and above all are essential to customer satisfaction.

Main functions:

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The main strategies which are appeared as result of the actions and functions of the project manager is:

1) Finalizing Project Details

2) Setting Clear Expectation

3) Choosing the right team and system

4) Defining milestones

5) Establishing clear communication

6) Managing project risks

7) Avoiding scope creep

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7 0
3 years ago
Suppose the demand function (D) for golf clubs is: Q = 240-1.00P, where P is the price paid by consumers in dollars per club and
bogdanovich [222]

Solution :

According to the theory of demand and supply, the equilibrium price and the quantity is established where both the demand and supply curves intersect.

From the graph, we can see that the point of equilibrium is at the intersection of D and S.

At this point, mathematically, D = S. In order to determine the price and quantity which exists at this point, we need to equate the demand as well as supply functions to calculate the equilibrium values.

∵ D is equal to S, we have

$240-1.00P=1.00P$

240=2P

120=P

Now substituting this value of the equilibrium price in to any of the functions, we get the equilibrium quantity at this price.

$Q=240-1.00P$

$Q=240-1.00(120)$

$Q=240-120$

$Q=120$

This is the equilibrium quantity. At this point, equilibrium price as well as the quantity is the same. Let the price of the golf club increases from $120 to $140. So substituting the value to the function above to determine the new quantity.

$Q = 240-1.00(140)$

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Therefore, when the demanded quantity decreases from 120 thousand clubs to 100 thousand clubs. This increases the price and decreases the quantity as the supply curve moved to the left. The demand remains constant.

4 0
2 years ago
I need the answer for this
Nadusha1986 [10]

Answer:

D.)

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3 years ago
The common denominator for decisions on service processes is _______, but for manufacturing processes it is _______
igomit [66]

The common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.

<h3>What is a common denominator?</h3>

This refers to the feature that is shared by all members, item, quantity of a subject matter.

Hence, the common denominator for decisions on service processes is customer contact while but for manufacturing processes, it is product variety.

Read more about common denominator

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5 0
1 year ago
Nell, a member of a protected class, applies for a job with Origami Paper Corporation, but fails the company's employment test a
11111nata11111 [884]

Answer:

<em>Disparate-impact discrimination</em>

Explanation:

As we can see in the given scenario, that Nell believes that the test has an unintentionally discriminatory effect as he fails in the test taken by the company, so this discriminating act that was made by the Origami Paper Corporation is a <u>disparate-impact discrimination</u>.

<em>Because as we know that if someone is been discriminated unintentionally, then it comes under disparate-impact discrimination.</em>

8 0
3 years ago
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