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3 years ago

Determine the cost of goods sold expense assuming kramer had used the lifo method instead of the fifo method.

1 answer:

4 0

<span>To determine the cost of goods sold (COGS) expense under the LIFO method, you start with the assumption that you have sold the most recent produced first, and work backwards. Generally, the formula for COGS expense is: Costs at the beginning of the year + Additional inventory cost during the year - Inventory at the end of the year</span>

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Select the correct answer.

Lapatulllka [165]

Answer:

B. equity financing

Explanation:

Equity financing involves giving up part of the company because it will have to be shared with the partners of the organization who are usually the investors.

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3 years ago

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statuscvo [17]

Answer:

Sure! Is there any platform you want to talk on?

Explanation:

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2 years ago

Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a

Butoxors [25]

Answer: $56,040,000

Explanation:

Here is the question:

1.Under the current policy of using a network of sales agents, calculate the Bonita Beauty Corporation's break-even point in sales dollars for the year.

Sales = $75,000,000

Less: variable cost = $75,000,000 + ($75,000,000 × 8%) = $31,500,000 + $6,000,000 = $37,500,000

Contribution margin = $37,500,000

Fixed cost = 10,260,000 + 10,260,000 + 7,500,000 = $28,020,000

Operating income = $11,130,000

Contribution margin = 0.5

Break even point in sales will now be:

= Fixed cost/contribution margin ratio

= $28,020,000/0.5

= $56,040,000

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3 years ago

Charles Lin has just been hired by Frederick Company to replace a sales representative who is retiring after 40 years with the c

NISA [10]

Answer:

The answer is: B) Charles is starting from almost scratch developing a prospect and customer base and may lose some current customers because he does not know about them.

Explanation:

Obviously Charles doesn't know the customers the old sales representative had and three weeks may not be enough time for Charles to get to know them and gather enough information about them either.

So basically, Charles is starting from scratch and needs to develop his own customer database. Doing so will consume time and effort, and possibly Charles will lose some sales because of this. Eventually he will need to catch up and probably match and even exceed the previous salesman's sales records.

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3 years ago

A Wal-Mart in Lawrenceville, Georgia, would be considered which type of market?

den301095 [7]

Answer:

the answer to the question is A

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2 years ago

Read 2 more answers