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loris [4]
3 years ago
12

Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 24 units were purchased at $23 per unit. Au

gust 18, 40 units were purchased at $25 per unit. August 29, 34 units were sold. What was the amount of the cost of goods sold for this sale? rev: 10_23_2013_QC_37882, 10_30_2013_QC_37882, 11_01_2013_QC_37882 Multiple Choice $952.00 $1,552.00 $1,000.00
Business
1 answer:
Gnoma [55]3 years ago
5 0

Answer:

Cost of goods sold= $816

Explanation:

Giving the following information:

Acme-Jones Corporation uses a weighted-average perpetual inventory system.

August 2: 24 units were purchased at $23 per unit.

August 18: 40 units were purchased at $25 per unit.

On August 29: 34 units were sold.

Weighted-average= (23 + 25)/2= $24

Cost of goods sold= 34*24= $816

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Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a
Fofino [41]

Answer:

1. $67,500

2. $69,500

3. $69,500

Explanation:

1. The computation of bad debt expense is shown below:-

Bad debt expense = Credit sales × Debt percentage

= $4,500,000 × 1.5%

= $67,500

2. The computation of receivable written off is shown below:-

receivable written off = Allowance Beginning balance + bad debt expense - Allowance ending balance

= $42,000 + $67,500 - $40,000

= $69,500

3. The computation of bad debt expense be for 2013 is shown below:-

= receivable written off

= $69,500

5 0
3 years ago
The retail mall owner told a marketing researcher, "We have the option of staying open late twice a week or opening up an hour e
Zina [86]

Answer:

B. develop the research plan

Explanation:

8 0
3 years ago
A flush in a five-card poker hand is five cards of the same suit. The suits are spades, clubs, diamonds and hearts. How many spa
padilas [110]

Answer:

1287 spade flushes possible in a 52-card deck.

1287 flushes in any suit.

Explanation:

We have been given that a flush in a five-card poker hand is five cards of the same suit. The suits are spades, clubs, diamonds and hearts.

To find the number of possible spade flushes in a 52-card deck, we need to find choosing 5 cards from 13 cards as a standard deck has 13 spades altogether.

^{13}C_5=\frac{13!}{5!(13-5)!}

^{13}C_5=\frac{13!}{5!(8)!}\\\\^{13}C_5=\frac{13*12*11*10*9*8!}{5*4*3*2*1(8)!}

^{13}C_5=13*11*9\\\\^{13}C_5=1287

Therefore, there are 1287 spade flushes possible in a 52-card deck.

Since there 1287 possible suits in spade flushes and flushes of different suits are mutually exclusive events, therefore, there will be 1287 flushes in any suit.

8 0
4 years ago
In 2005, BridgePort Brewing Company expanded sales of its BridgePort India Pale Ale, and BridgePort Black Strap Stout into Alaba
Rina8888 [55]

Answer: organizing

Explanation:

When the brewery allocated resources to increase its production and distribution, the management function that it'll have relied on is organizing.

First and foremost, we should note that the management functions usually include:

• planning,

• organizing,

• leading, and

• controlling.

The organizational skills is vital in order for the company to runs smoothly. Organizing has to do with the establishment of internal processes in order to know the workers that fits a particular position.

Also, the management makes sure that everyone are organized and that workers are working hard towards the accomplishment of company's goals.

7 0
3 years ago
While it makes a difference how much wine a person consumes in their risk for cancer, it does not make a difference how much a p
olga nikolaevna [1]
False. The more you smoke, the weaker your lungs become, and the higher your risk for lung cancer becomes. Hope this helps! :)
5 0
3 years ago
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