A competitive analysis.
A competitive analysis examines the strengths and weaknesses of your competition in relation you your business.
Answer:
a. $118,220
Explanation:
The computation of the cost of good sold is shown below:
As we know that
Cost of goods sold = Beginning Inventory + Net purchases + Freight in - Ending Inventory
where,
Net purchase is
= Purchases - Purchase returns and allowances - Purchase discounts
= $102,800 - $10,280
= $95,520
And, the other items values would remain the same
so, the cost of goods sold is
= $30,840 + $92,520 + $15,420 - $20,560
= $118,220
hence, the cosr of good sold is $118,220
Answer and Explanation:
The journal entry is shown below:
Unrealized Loss - Income ($3,000 - $2,800) $200
To Fair value adjustment - trading $200
(being the adjustment to fair value for trading securities is recorded)
Here the unrealized loss would be debited and the fair value adjustment would be credited
Answer:
$8,884
Explanation:
The computation of the economic profit is shown below:
= Received amount - dance earnings - insurance paid - music and licensing fees - boom box - rent and utilities
= $60,480 - $34,000 - $4,300 - $1,846 - $150 - $11,300
= $8,884
The economic profit is come from subtracting the explicit cost, implicit cost from the revenue earned and the same is reflected above