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Galina-37 [17]
3 years ago
10

Harrison Industries began July with a finished-goods inventory of $48,000. The finished-goods inventory at the end of July was $

56,000 and the cost of goods sold during the month was $125,000. The cost of goods manufactured during July was:
Business
1 answer:
mamaluj [8]3 years ago
5 0

Answer:

$133,000

Explanation:

The movements in the finished goods inventory balance between the start and end of a given period is usually due to goods manufactured and goods sold during the period.

This may be represented mathematically as

opening balance + cost of goods manufactured - cost of goods sold = closing balance

Hence,

$48,000 + cost of goods manufactured - $125,000 = $56,000

cost of goods manufactured = $56,000 + $125,000 - $48,000

= $133,000

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Leviafan [203]

Answer:

B. between China and Russia or between Canada and the United​ States, because household​ production, the underground​ economy, leisure​ hours, and the environment are similar in each pair

Explanation:

The standard of living can be easily compared​ ______.     A. between China and Canada because they have a similar land size   B. between China and Russia or between Canada and the United​ States, because household​ production, the underground​ economy, leisure​ hours, and the environment are similar in each pair   C. among none of the four countries because they are too different   D. between Russia and the United States because they are both super powers   E. among all four countries because real GDP per person includes a reliable measure of​ income, household​ production, the underground​ economy, leisure​ hours, and the environment

Real Per capita GDP measures the standard of living of the people in a country. The higher the Real Per capita GDP, the higher the standard of living

Real Per capita GDP = Real GDP / population  

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

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some items are not perfectly measured by GDP. They include

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Because GDP does not measure underground economy (illegal activities) , leisure , it would be difficult to compare either pair of countries

 

3 0
3 years ago
Which branch of government has exercised the most power regarding race to the top, common core standards, and its assessments? w
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For the first question, the answer is the judicial branch of the government since it is the one who ordain and establishes. The Judicial branch construes the laws. The judiciary also offers a tool for the resolution of arguments.

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3 years ago
Novak Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year
GenaCL600 [577]

Answer:

Feb 1=> Cash ( debit) = 2,444,000.

Prefered stock (credit) = 2,350,000.

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July 1=> Cash (debit) = 3,500,000.

Prefered stock (credit) = 3,125,000.

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Explanation:

(A). On FEB. 1, the accounts and Explanation is given below:

Cash ( debit) = 2,444,000 {that is from; 47,000 × $52}.

Prefered stock (credit) = 2,350,000 { that is from; 47,000 × $50}.

Paid in capital in excess of par value-preferred stock(credit) = 2,444,000 - 2,350,000 = 94,000.

(B). On JULY 1, the accounts and Explanation is given below;

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7 0
2 years ago
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