1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
QveST [7]
3 years ago
14

Mountain Lake Corporation's accounting records show the following at year-end December 31, 2014:

Business
1 answer:
Montano1993 [528]3 years ago
4 0

Answer:

Cost of goods purchased= $161,560

Cost of goods sold= $165,050

Explanation:

1. Cost of goods purchased (net) = Purchases - Purchase discount - purchase returns and allowances + Freight in

= $164,250 - $7,230 - $4,190 + $8,730

=$161,560

2. Cost of goods sold = Beginning inventory + Net purchase - Ending inventory

= $32,660 + $161,560 - $29,170

= $165,050

You might be interested in
The ______ predicts that when someone is kind to us we will return their kindness.
Kruka [31]
The _____ predicts that, when someone is kind to us, we will return their kindness.
norm of reciprocity.hope this hepls❤️
5 0
3 years ago
Which one is odd: sales ,purchase, carriage inward, audit fees.​
ryzh [129]

Answer:

carriage inward is answer I think

5 0
3 years ago
In what ways was the economic prosperity of the 1920s genuine, and in what ways did this prosperity disguise serious economic pr
Elan Coil [88]

Answer:

In what ways was the economic prosperity of the 1920s genuine, and in what ways did this prosperity disguise serious economic problems?

Do you think most people perceived the underlying problems in the economy? Why or why not?

Explanation:

The factors which contributed to the counterfeit prosperity of the 1920s were the abundant availability  of consumer goods; farmers bought plenty of land and farm equipment and produced a large amount of goods for market; the availability of credits and the stock market performance led the people to obtain higher standards of living and leisure time; President Herbert Hoover and other politicians declared that the economy was doing extremely well.

But people realized a dramatic change in the economy, when it went from this apparent prosperity to a severe depression between 1929 and 1932, with the stock market-black tuesday in Oct., 29, 1929, when the farmers-demand for food goes down after WWI, prices went down, farmers over produced, could not pay back loans and land was lost ; loans not paid back caused banks failed, people began spending less on consumer goods  and personal income and debt-income gap between rich and poor increased.

5 0
4 years ago
Help wanted.............................
topjm [15]
What do you need help with?
4 0
3 years ago
Question 9(Multiple Choice Worth 5 points) (04.03 LC) In our culture, one recent fatal event is common and does not affect the i
V125BC [204]

The pandemic and measures were taken to control the spread disease have significantly disrupted economic activity in countries around the world, resulting in significant business interruption losses.

<h3>What was the impact of pandemic over the insurance businesses?</h3>

Businesses across many sectors of the economy faced major decline in the revenue during the pandemic due to which government direct them to close their businesses.

Insurers and their associations around the world stated that most of the policyholders have not acquired insurance coverage which will respond to the business interruption losses that result from pandemic business closures.

Business interruption insurance against pandemic risk could be provided with support from governments based on the experience of risk insurance programs.

Learn more about the insurance business here:-

brainly.com/question/24034584

#SPJ1

5 0
2 years ago
Other questions:
  • Economic cost can best be defined as: (a) any contractual obligation that results in a flow of money expenditures from an enterp
    7·1 answer
  • Jackson has a credit card with a 15% interest rate. His dad has a credit card with a 5% interest rate. If they both charge $1,00
    7·1 answer
  • The united states had about 60 percent fewer farms and ________ percent fewer farmers in 2000 than in 1900.
    5·1 answer
  • Universal Containers (UC) has a custom, internal-only, mobile billing application for users who are commonly out of the office.
    6·1 answer
  • Flem is an employee of Goods, Inc. Flem reports to state officials that Goods, Inc. is illegally dumping waste into a river that
    7·1 answer
  • Robert Corp. granted an incentive stock option for 200 shares to Beverly, an employee, on March 14, Year 12. The option price an
    9·1 answer
  • Producers _____ labor, because they want and are willing to pay for people to work in their businesses.
    12·2 answers
  • Propound on why a library is said to be the memory of the human race?
    5·2 answers
  • What is one major drawback of globalization?
    6·1 answer
  • You are an adult friend of a sixty-five year old male, James, who lives next door. James is friendly and kind to you and your fa
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!