Answer:
The correct answer is ending inventory and cost of goods sold
Explanation:
Cost of goods available for sale is defined as the maximum amount of the inventory or the goods which the company could possibly sell during the fiscal or accounting period.
The cost of goods which are available for sale need to be allocated among the cost of goods sold and the ending inventory at the end of the year, where the cost of goods equals to the cost of goods available for sale subtract the ending inventory.
<span>..(B).. Exponential..</span>
Answer:
c. $980,200
Explanation:
The computation of the cash collections is shown below:
As January sales is $839,000
So, Cash sales
= $839,000 × 20%
= $167,800
So Credit sales
= $839,000 × 80% × 75%
= $503,400
And on January 1 , the account receivable is $309,000
So, the January cash collections from sales is
= $167,800 + $503,400 + $309,000
= $980,200
Answer:
The correct answer is option A.
Explanation:
The statement given above says that bond prices vary inversely with changes in market interest rate. It means that there is an inverse relationship between bond prices and the market interest rate.
In other words, when the market interest rate falls, the bond prices will rise and when there is an increase in market interest rate, the bond prices will fall. The bond price and market rate of interest are negatively related.
Answer:
See below
Explanation:
The above information is incomplete. Concluding part from similar question is seen below.
Direct labor $16,000
Factory overhead $12,800
To finished goods ($48,000)
Therefore, the amount of direct materials charged to job is computed as;
= Balance + Direct materials + Direct labor + Factory overhead - Finished goods
= $4,300 + $26,400 + $16,000 + $12,800 - $48,000
= $11,500
The next step is to deduct the job Still in work in process charged with direct labor.
= $11,500 - $2,300
= $9,200
Hence, the amount of direct materials charged to job no 5 is $9,200
