Account ing 3-5A page 125 what the Answer please?

Your company has sales of $ 93,600 this year and cost of goods sold of $ 64,700. You forecast sales to increase to $ 117, 400 ne

Gre4nikov [31]

Answer:

COGS= $81,146.88

Explanation:

Giving the following information:

Your company has sales of $93,600 this year and the cost of goods sold of $64,700. You forecast sales to increase to $ 117, 400 next year.

First, we need to calculate the percentual participation of cost of goods sold:

%COGS= 64,700/93,600= 0.6912= 69.12%

Now, using the same percentage, we calculate the cost of goods sold for the estimated new sales:

COGS= 117,400*0.6912= $81,146.88

3 0

3 years ago

Which country conquered the Mongolian State in 1919? Russia India China Japan

Ganezh [65]

The answer is russia!

4 0

3 years ago

Read 2 more answers

Equipment was purchased for $68,000 on January 1, 2013. Freight charges amounted to $2,800 and there was a cost of $8,000 for bu

Dahasolnce [82]

Answer:

a. $26,720

Explanation:

Before computing the accumulated depreciation, first we have to compute the original cost of the equipment, after that the depreciation expense. The calculation is shown below:

Original cos t = Equipment purchase cost + freight charges + installment charges

= $68,000 + $2,800 + $8,000

= $78,800

Now the depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ estimated life in years

= ($78,800 - $12,000) ÷ 5 years

= $13,360

Now the accumulated depreciation is

= Depreciation expense × number of years

= $13,360 × 2 years

= $26,720

5 0

3 years ago

Jordan has the following assets and liabilities: Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans $3,000

kirill [66]

Answer: B. increase to $209,000;increase to $209,000

Explanation:

If he uses that money to pay off his mortgage, his wealth would increase to $209,000 if he puts that money in his checking account, his wealth would increase to $209,000.

A person's wealth is calculated by deducting their liabilities from assets. In this case Jordan's wealth is;

= 10,000 + 200,000 + 1,000 + 2,000 - 100,000 - 3,000 - 1,000

= $109,000

If he pays off the Mortgage his debt will reduce by $100,000 which will increase his wealth to $209,000.

If he puts the money in his checking account, his assets will increase by $100,000 which will bring his wealth to $209,000 as well.

7 0

3 years ago

Tax refunds:

shepuryov [24]

The answer is A, occur when a taxpayer's income tax withholding exceeds what they owe.

8 0

3 years ago

Account ing 3-5A page 125what the Answer please?