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Kamila [148]
3 years ago
8

The following inventory balances have been provided for the most recent year: The cost of goods manufactured was $714,000. What

was the cost of goods sold? Select one: a. $738,000 b. $693,000 c. $714,000 d. $733,000
Business
1 answer:
kenny6666 [7]3 years ago
6 0

Answer:

a. $738,000

Explanation:

Calculation for the cost of goods sold

Beginning Finished goods inventory $57,000

Add: Cost of goods manufactured $714,000

Goods available for sale $771,000

($714,000+$57,000)

Less Ending Finished goods inventory $33,000

Cost of goods sold $738,000

($771,000-$33,000)

Therefore the cost of goods sold will be $738,000

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Hewitt Company expects cash sales for July of S15.000, and a 22% monthly increase during August and September. Credit sales of $
larisa [96]

Answer:

b) $22, 326 and $16, 900

Explanation:

The computation is shown below:

Budgeted cash sales

July cash sales

=  $15,000

August sales

= July sales +  July cash sales × monthly increase

= $15,000 + $15,000 × 22%

= $15,000 + $3,300

= $18,300

September sales

= August sales + august sales × monthly increase

= $18,300 + $18,300 × 22%

= $18,300 + $4,026

= $22,326

Budgeted credit sales

July cash sales

=  $10,000

August sales

= July sales +  July cash sales × monthly increase

= $10,000 + $10,000 × 30%

= $10,000 + $3,000

= $13,000

September sales

= August sales + august sales × monthly increase

= $13,000 + $13,000 × 30%

= $13,000 + $3,900

= $16,900

5 0
3 years ago
How do economists sometimes measure physical capital in a country?
Oksanka [162]
Economists can measure physical capital in a country by unconventionally assessing the size of the employed population and their level of education which though not necessarily a conventional type of physical capital still it is essential to activate the inanimate physical capital. Conventional physical capital could be natural resources like forests, mineral deposits, and fisheries but more likely would mainly include man-made machines like tractors for farms, trucks for trucking produce, trains, factories, mine buildings and crushers etc.
4 0
3 years ago
The following costs related to Wintertime Company for a relevant range of up to 20,000 units annually: Variable Costs: Direct ma
serg [7]

Answer:

$120,000

Explanation:

The total profit for Winter company is computed as seen below

($15 × 15,000 units) - [$10,000 + $5,000(($2.50 + $0.75 + $1.25 + $1.50)15,000)]

= $225,000 - [$5,000 + ($6 × 15,000)]

= $225,0000 - $105,000

= $120,000

4 0
3 years ago
Critics argue that the BCG portfolio model sometimes provides misleading advice concerning how resources should be allocated acr
Gnoma [55]

Answer:

Limitation of the BCG model include;

• Market share and industry growth are not the only factors of profitability.

• Business can only be classified to four quadrants.

• It does not define what ‘market’ is.

• Does not include other external factors that may change the situation completely.

Explanation:

Necessary steps managers should take to overcome the limitations;

• BCG matrix can be used to analyze SBUs, separate brands, products or a firm as a unit itself. Which unit will be chosen will have an impact on the whole analysis.

• It is important to clearly define the market to better understand firm’s portfolio position.

7 0
3 years ago
How much money will Yoko have left over for her savings each month? $85 $95 $110 $120
sergij07 [2.7K]

Answer:

$85

Explanation:

The chart is left out in the question.

4 0
3 years ago
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