Answer:
The cost of goods sold is $68970
Explanation:
The cost of goods sold is the cost of inventory that a company sells in a partcular period.
The cost of goods sold can be calculated as,
Cost of Goods sold = Opening inventory + Purchases - Closing Inventory
Cost of Goods Sold = 16500 + 71500 - 19030 = $68970
Answer: A. Total Assets are overstated as of May 31, 2020 and May 2020 Net Income is overstated
Explanation:
Capitalizing the costs of the maintenance means that the $14,000 was taken to the Machinery Account which is an asset when in fact it should have been taken to the Maintenance Expense account which is an expense. This will increase the Asset account for May by $14,000 when it should not have meaning that the Asset account is now Overstated.
Net Income is acquired by deducting expenses from Sales/Revenue. The $14,000 which should never have been recorded as an Asset but instead as an expense, will mean that this Expense will not be deducted from the Net Income because it is being recognized as an Asset. This will mean that the Net Income for May will be Overstated by $14,000 which was supposed to be removed from it.
<h3>Hello there!</h3>
Your question asks what type of function the new pizza box is performing.
<h3>Answer: Facilitate use</h3>
The reason why "Facilitate use" is the correct answer is because this is what the pizza box is performing to Tony.
Facilitate means to make something easier, and this is what the pizza box is doing to Tony; making the pizza easier to handle.
Things that made Tony's experience easier:
- Pizza box can make a handle
- Used a serrated metal edge from the pizza box to cut the pizza
With the things that the box does above, it made Tony's experience with the pizza a lot more easier.
The pizza box allowed Tony to have a handle to carry around the pizza so he doesn't burn himself while in the process. The pizza box also allowed Tony to easily get a hold of a sharp object to cut the pizza in slices, so he doesn't have to waste any time to go get a knife in his kitchen, and having to wash it afterwards.
After Tony is done with the pizza, he could just throw the box away with know trash or washing to do, simple as that. This pizza box allowed Tony to have an easier experience.
<h3>I hope this helps!</h3><h3>Best regards, </h3><h3>MasterInvestor</h3>
ank by signing a 60-day, 6% interest-bearing note with a face value of $27,000.
Dec. 31 Recorded an adjuO
Answer:
No of units 6,000 7,500 10,000
Total fixed cost $12,000.00 $12,000.00 $12,000.00
Total variable cost $9,000.00 $11,250.00 $15,000.00
Total cost $21,000.00 $23,250.00 $27,000.00
Fixed cost per pizza $2.00 $1.60 $1.20
Variable cost per pizza $1.50 $1.50 $1.50
Average cost per pizza $3.50 $3.10 $2.70
