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3241004551 [841]
3 years ago
11

What is the total Cost of Goods Sold for December 31, 2016 if a manufacturer has the following account balances at December 31,

2016: Beginning Work-in Progress of $2,000; Beginning Finished Goods of $5,000; Cost of Goods Manufactured of $25,000; Ending Finished Goods of $10,000; Ending Work-in Progress of $8,000
Business
1 answer:
icang [17]3 years ago
4 0

Answer:

COGS=  $20,000

Explanation:

Giving the following information:

Beginning Finished Goods of $5,000

Cost of Goods Manufactured of $25,000

Ending Finished Goods of $10,000

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 5,000 + 25,000 - 10,000

COGS=  $20,000

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Marysya12 [62]

Answer:

B. Registering for college courses earlier

Explanation:

Here are the options  

A. Meeting potential employers  

B. Registering for college courses earlier

C. Building relationships

D. Learning how to socialize professionally

Networking can be described as when people with similar interests come together to exchange ideas. The exchange of ideas usually takes place in an informal setting.

With the advent of technology, networking can take place on social media.

Networking has several advantages :

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3 0
2 years ago
Read 2 more answers
Starling Co. manufactures one product with a selling price of $18 and variable cost of $12. Starling’s total annual fixed costs
nikitadnepr [17]

The number of units that Starling Co. sold was 11200

<u>Explanation:</u>

Given -

Operating income = $28,800

Fixed cost = $38,400

Selling price of one unit = $12

Variable cost = $12

Number of units sold, n = ?

Contribution  margin per unit = $18 - $12

                                                 = $6

n = \frac{operating income + fixed cost}{contribution margin per unit}

n = \frac{28800 + 38400}{6} \\\\n = \frac{67200}{6} \\\\n = 11200

Therefore, number of units that Starling Co. sold was 11200

7 0
3 years ago
the price index was 170 in the first year, 180 in the second year, and 195 in the third year. the inflation rate was about a. 5.
OlgaM077 [116]

The inflation rate was 5.9 percent between the first and second years, and 8.3 percent between the second and third years. Hence, A is the correct option.

When we compare the values for any two periods or locations it reveals the average change in prices between the two periods or the average difference in prices between locations, the price index is a measure of relative price changes.

Take the Market Basket's price for the interest-bearing year, divide it by the Market Basket's price for the base year, then multiply the result by 100 to get the Price Index.

Price indices typically pick a base year and set that year's index value to 100. As a proportion of that base year, every other year is expressed. Let 2000 serve as the basis year in this illustration: In 2000, the index's initial value was $2.50; since $2.50/$2.50 = 100%, the index's current value is 100.

To know more about price index: brainly.com/question/27886596

#SPJ4

8 0
1 year ago
What is the best way to overcome imagined risks?
Eduardwww [97]
Dont think negative, think positive
4 0
3 years ago
What is the discount yield, bond equivalent yield, and effective annual return on a $4 million commercial paper issue that curre
ddd [48]

Answer:

6.21%

Explanation:

Discount of the bond can be calculated by subtracting the purchase price of the bond from the face value. Discount Yield is the ratio of discount on the bond to the future value of the bond.

Discount Yield = [(F - P)/F] x [360/t]

Where

F = Face Value = $1,000 ( assumed)

P = Present value  = $1,000 x 97.5% = $975

t = 145 days

Placing the value in the formula

Discount Yield = [($1,000 - $975)/$1,000] x [360/145] = 0.0621 = 6.21%

7 0
3 years ago
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