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weqwewe [10]
3 years ago
6

Arbor Corporation had reported the following amounts at December 31, 2014: Sales revenue $184,000: ending inventory $11,600: beg

inning inventory $17,200: purchases $60,400: purchases discounts $3,000: purchase returns and allowances $1,100: freight-in $600: freight-out $900. Calculate the cost of goods available for sale.
Business
1 answer:
Rudiy273 years ago
5 0

Answer:

The cost of goods available for sale is $74100.

Explanation:

The cost of goods available for sale is the total cost of the inventory that a business has available during a period of time for sale. The cost of goods available for sale is calculated by adding the beginning inventory with the cost of goods purchased.

The cost of goods purchased during the year = 60400 - 3000 - 1100 + 600 = $56900

The cost of goods available for sale = Beginning inventory + cost of goods purchased

The cost of goods available for sale =  17200 + 56900 = $74100

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In developing a marketing plan, the section on goals and objectives defines the parameters by which the firm will measure actual
Paraphin [41]

Answer: Evaluation and Control.

Explanation:

If the company is to measure it's performance based on their goal and objectives, this implies that the goal and objective of that company has become a tool with which the company can appraise their performance which is a form of evaluation.

7 0
3 years ago
Ocean House must use various metrics to measure the benefits of its human capital in order to determine the effectiveness of its
Anettt [7]

Answer:

a.  Human capital return on investment

Explanation:

Human capital return on investment  -

It helps to determine the profit return of the company or organisation on the per unit expenditure on the employees , is referred to as the Human capital return on investment  .

It is basically the interconnection between the profit of the company and the cost on the workforce .

hence , from the given scenario of the question,

The correct option is a.  Human capital return on investment  .

5 0
3 years ago
A product ________ is a group of products linked through usage, customer profile, price points, and distribution channels.
S_A_V [24]

 A product <u>Line</u> is a group of products linked through usage, profile, price points, customer and distribution channels.

The correct fill in the blank to this question is product line.

A group of products linked through usage, customer profile, price points, and distribution channels is known as a<u> Product line</u>. The products are identical and focus on the same market . Their function or channel distribution might be similar. Possibly their physical attributes, prices, quality, or type of customers are the same. We call this sort of activity as product lining.

Product line is basically a group of related products all marketed under a single brand name that is sold by the same company. Companies sell multiple product lines under their various brand names, the basic purpose is to distinguish them from each other for better usability for consumers.

Product line pricing involves the separation of goods and services into cost price categories in order to create different perceived quality levels in the minds of consumers.

Product lines are usually part of a marketing strategy. Companies keep introducing more products to attract buyers. Specifically, they want to attract  those buyers who are already familiar with their brand.

You can learn more about product line at

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6 0
1 year ago
On March 1, fixtures and equipment were purchased for $5,000 with a downpayment of $2,000 and a $3,000 note, payable in one year
Alinara [238K]

Answer:

March 1: Entry for the equipment purchase                            

Cash                                  -$2,000

Fixtures and equipment    $5,000

Notes payable                    $3,000

March 31: Depreciation adjusting entry

                                            Debit        Credit

Fixtures and equipment    -$42

(5000/10/12)

Retained earnings                               -$42

March 31: Interest adjusting entry

                                            Debit        Credit

Interest payable                 $16.25

(3000*6.5%/12)

Retained earnings                              -$16.25

5 0
3 years ago
The annual net sales for a huge soft drink company were 5.6 billion dollars in 2012 and sales were increasing at a continuous ra
Ivanshal [37]

Answer: 6.51 billion dollars

Explanation:

From the question, we are informed that the annual net sales for a huge soft drink company were 5.6 billion dollars in 2012 and that sales were increasing at a continuous rate of 3.85% per year.

The annual net sales in 2016 will be:

= 5.6 billion × (1 + 3.85%)^4

= 5.6 billion × (1 + 0.0385)^4

= 5.6 billion × (1.0385)^4

= 5.6 billion × 1.1631

= 6.51 billion dollars

4 0
3 years ago
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