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Mumz [18]
2 years ago
8

Arena, Inc. uses the direct method to prepare its statement merchandise inventory of cash flows. Use the following information r

eported for 2019 to compute the amount of cash paid for Cost of Goods Sold, $140,000 Merchandise Inventory, beginning balance. $26,000 Merchandise Inventory, ending balance, $68,000 Accounts Payable, beginning balance, $7.700 Accounts Payable, ending balance, $5,300 O A. $179.600 O B. $182,000 O C. $98,000 O D. $184,400 Click to select your answer

Business
1 answer:
Svet_ta [14]2 years ago
7 0

Answer:

D. $184,400

Explanation:

Please see attachment

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A department manager recently launched a new initiative so the members of her department can more easily present innovative idea
maw [93]

Answer:

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5 0
2 years ago
On january 11, 2016, hughes company applied for a trade name. Legal Costs associated with the application were $20,000. In Jan.
wlad13 [49]

Answer:

1. Ending Carrying value value in 2016 = legal cost for application which is $20,000

Ending Carrying value in 2017 = legal cost of application in 2016 + legal fees incurred in 2017 = $20,00 + $8000= $28,000

2. The company should not amortize the trade as it was not impaired in 2016 and 2017.

The trade name can be amortized if it's useful life is known above which the company has determined that it will not use the trade name anymore, then it will be amortized over it's useful life.

6 0
3 years ago
Cari Chair Company manufactures rocking chairs. The estimated number of rocking chair sales for each of the last three months of
tester [92]

Answer:

Production December=  15,000

Explanation:

Giving the following information:

Month Unit Sales

October 10,000

November 14,000

December 15,000

Finished goods inventory at the end of November was 4,000 units.

<u>To calculate the production required for December, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production=  15,000 + 16,000*0.25 - 4,000

Production=  15,000

4 0
3 years ago
How are u supposed to answer another persons question
Kay [80]

Answer:

You just press answer and click on the question. You have to be fast though because there is a 2 person maximum to answer a question.

6 0
3 years ago
Read 2 more answers
Which of the following statements is NOT CORRECT? a. Sunk costs are the costs associated with "the road not taken". They represe
Ann [662]

Answer:

A

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered in making future decisions.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity costs are costs associated with "the road not taken".

An example of opportunity cost : you quit your job where you ern $50,000 to start your business. the opportunity cost of starting your business is $50,000 - your salary that you would be forgoing to start your business

6 0
3 years ago
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