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slavikrds [6]
3 years ago
11

A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true? a. The company will recognize sale

s on the balance sheet of $150,000. b. The company will recognize $96,000 gross profit on the balance sheet. c. The company will decrease finished goods by $54,000. d. The company will increase finished goods by $54,000.
Business
1 answer:
kirza4 [7]3 years ago
7 0

Answer:

The correct answer is C

Explanation:

Finished goods are those goods which have been finished or completed through the process of the manufacturing or purchased or bought in the completed form, but not sold yet to the customers.

The finished goods cost or expense is considered to be a asset which is short term in nature, which is expected to be sold in less than a year or period.

So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.

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Answer:

D) Annual Percentage Rate

Explanation:

The APR is often expressed as the percentage (%). The annual percentage rate (APR) is an attempt to calculate the principal debt you pay during the period (in this year) by taking into account every installment, prepayment, and so on. Annual Interest Rate (APR) is an annual rate for borrowing or investing. APR is expressed as a percentage of the actual annual value of the loan over the term of the loan. This includes any transaction fees or overhead, but is not taken into account significantly. Because loans or loan agreements can vary in terms of interest rates, operating fees, late penalties and other factors, a standard computation such as APR provides borrowers with a bottom line that they can easily compare with interest rates charged by other lenders.

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4 0
3 years ago
Who studying or working somewhere else but wish to work for the organisation
Anna35 [415]
Answer:

2. Potential employees
8 0
3 years ago
Mining scenario A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company
Sergeeva-Olga [200]

Answer:

the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours.

Explanation:

Mining hours of mine 1: M1

mining hours of mine 2: M2

Objective function: Minimize operating cost < 200M1 + 160 M2

Explicit constraints:

6M1 + 2M2 ≥ 12

2M1+ 2M2≥ 8

4M1+ 12M2 ≥ 24

Implicit constraints:

M1> 0

M2>0

See the attachment for feasible region

The coordinates of feasible region are (0,0), (2,0),(0,2),(1.5,1.5)

To maximize cost substitute each of these coordinates in objective function

for(0,0)

cost=0 (neglect this cost since M1>0 and M2 >0)

for(2,0)

cost= 320

for (0,2)

cost= 400

for (1.5,1.5)

cost= 540

the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours

8 0
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GREYUIT [131]

Answer:

Answer is A,X

Explanation:

3 0
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Answer and Explanation:

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1   Legal fees expense $500

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(Being accrued expense is recorded)  

2 Legal fees payable $500

        To Cash $500

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(Being accrued interest is recorded)  

4 Interest payable $2,007

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            To Cash $6,020

(Being interest paid is recorded)  

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         To Salaries and wages payable $11,200

(Being accrued expense is recorded)  

6 Salaries and wages payable $11,200

  Salaries and wages expense $2,800

                   To Cash $14,000

(Being salaries and wages paid is recorded)  

8 0
3 years ago
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