Answer:
COGS= $250,000
Explanation:
Giving the following information:
Beginning Finished Goods Inventory $72,000
Ending Finished Goods Inventory $68,000
Cost of Goods Manufactured for the period $246,000
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= 72,000 + 246,000 - 68,000
COGS= $250,000
Answer:
The Journal entry is as follows:
Interest expense A/c Dr. $100
To Interest payable A/c $100
(To record the interest expense for the first month)
Workings:
Amount borrowed = $10,000
Annual interest rate = 12%
Interest is due at the end of the year
Time period = 1 month
Therefore,
Interest expense = $10,000 × 0.12 × (1 ÷ 12)
= $100
Answer:
False
Explanation:
Conditional formatting is a special feature in excel spreadsheets that allow the application of specific modification to cells that meet certain criteria.
It is most commonly used to highlight color, emphasize text or heading, and differentiate data from information stored in a spreadsheet.
Answer and Explanation:
if the long term interest rate in the US suddenly declines and all other factor are unchanged then,Fed's estimated NPV of the divestiture will be larger than that of last week because the decline in the long term interest rate in the US and all other factors unchanged the euro's value in the future years will decrease.