Answer:
$151,200
Explanation:
The cost of goods sold is the beginning inventory plus purchases plus freight-in, minus purchases returns and allowances minus ending inventory
Cost of goods sold extract of income statement:
Beginning inventory $29,200
Purchases $144,000
Freight-in $8,000
Purchases returns and allowances <u> ($5,000)</u>
Net purchases <u>$147,000</u>
cost of goods available for sale $176,200
ending inventory <u> ($25,000)</u>
cost of goods sold $151,200
The cost of goods sold is $151,200,which would be deducted from net sales in order to arrive at gross profit
Answer:
on 31st Dec 2019 the entry would be
Subscription Earned $14,850 ($59400*3/12) Debit
Unearned Subscriptions $ 44500( 59,400- 14,850) Debit
Cash $59,400 (credit)
This illustrates <u>"benchmarking".</u>
Benchmarking is a procedure of estimating the execution of an organization's items, administrations, or procedures against those of another business thought to be the best in the business, otherwise known as "best in class." The purpose of benchmarking is to distinguish interior open doors for development. By considering organizations with unrivaled execution, separating what makes such prevalent execution conceivable, and after that contrasting those procedures with how your business works, you can actualize changes that will yield huge upgrades.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Therefore, Increases in the tax rate decrease the government purchases multiplier
Explanation:
Given that
MPC = 0.8
Tax rate t = 0.25
tax rate is increases by 35%
Government purchases multiplier
= 1 ÷ 1 - MPC × (1 - t). Here
So, GPM = 1 ÷ 1 - 0.8 × (1 - 0.25) = 2.5
Government purchases multiplier
= 1 ÷ 1 - MPC × (1 - t)
MPC = 0.8
tax rate t = 0.35
GPM = 1 ÷ 1 - 0.8 × (1 - 0.35)
= 2.08333
= 2.083
Therefore, Increases in the tax rate decrease the government purchases multiplier.
