The company's cost of good sold is $350,000. The cost of good sold is a cost which directly attributed to the inventory sold by a company. Gross profit is a portion of income which created by the selling of inventory ignoring other expense besides the cost of good sold. From the company's data, we can find the cost of good sold by finding the difference between net sales and gross profit, therefore the formula we have to use is "Cost of good sold = Net sales - gross profit".
The activity that relates to scrutiny or examination of a given problem is called Investigation.
<h3>What is scrutiny?</h3>
Scrutiny refers to the act of inspection or examination into some important matter. For example:- Inspector doing the detail scrutiny of the crime matters.
The action that refers to scrutiny or the analysis of a certain topic is called investigation. When the unique issue requires careful analysis. A thorough investigation is conducted to have a full understanding of the issue.
Therefore, it can be concluded that investigation is step by step scrutiny of the problem.
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Your question is incomplete, but most probably the full question was....
A (an) ____ is a part-by-part scrutiny of a given problem.
Answer:
Inventory Units CPU MV per unit Total Cost Total MV LCM
Helmets 30 58 62 1740 1860 1740
Bats 23 112 80 2576 1840 1840
Shoes 44 103 99 4532 4356 4356
Uniforms 48 44 44 2112 2112 <u>2112 </u>
Inventory Valuation <u>10048
</u>
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Answer:
The total amount of paid-in capital in excess of par is: $5,000.
Explanation:
When Common Stocks are classified as par value Stocks, any price paid in excess of the par value of the Stock is accounted for in the Share Premium account.
<u>Here is the Summary of the Transaction provided.</u>
Common Stocks : 260 shares × $100 = $26,000
Paid-in capital in excess of par : $31,000 - $26,000 = $5,000
Answer:
A a decrease in the amount of money they receive
Explanation:
If the seller levies the tax on the customer, the tax will increase the price of a product and in turn decrease the demand for the product. Decreased demand, in turn, will reduce the total revenue.
But if the seller levies the tax on themself, it will not increase the product price but lower the seller revenue directly. Either way, the revenue of the seller will be decreased.
