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3 years ago

Cost of goods sold is obtained from _________.

Business

2 answers:

padilas [110]3 years ago

8 0

C hope this helps it should be the third one

sweet [91]3 years ago

7 0

Answer:

D) the finished goods inventory records.

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Major tire inc.'s manufacturing plant in charleston, south carolina was destroyed when hurricane hazel hit the coast. the compan

frosja888 [35]

This is false. When a natural disaster strikes an area, this creates an exemption to the WARN Act. The company is not liable for not giving 60 days' notice to the employees before terminating their employment with the company.

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3 years ago

The Federal Reserve manages the nation’s currency and money supply by manipulating interest rates and acting as a lender to bank

Tomtit [17]

Answer: Setting interest rates and acting as a lender to banks

Explanation: The Fed or the Federal reserve is a central banking authority in any nation. It is responsible for maintaining the money supply in the economy. Some of the functions performed by the central bank are,

a. Setting interest rates and acting as a lender to banks

b. Print currency notes and coins

c. Setting the repo and the reverse repo rates

d. Clearing inter bank payments.

Therefore, the correct option is Setting interest rates and acting as a lender to banks.

5 0

3 years ago

Read 2 more answers

On January 1, 2019, in a merger transaction, Maxi Company paid $371,000 in cash for 100% of the outstanding common stock of Mini

boyakko [2]

Answer:

$224,000

Explanation:

Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000

The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.

8 0

3 years ago

Bob lives in Houston and runs a business that sells boats. In an average year, he receives $842,000 from selling boats. Of this

quester [9]

Answer:

A. The wholesale cost for the pianos that Darnell pays the manufacturer.

3 0

2 years ago

"A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% (market rate) on January 1, 2007. Interest is paid on June 30 and

Agata [3.3K]

Answer:

Interest expense for the year : 1,530,505.41

Explanation:

In the effective method the interest expense si determinate by multiplying the market rate with the carrying value.

Then, the difference against the cash outlay and this interest expense will amortize the bond discount:

Period B Carrying Cash outlay Int. Exp. Amort Carrying Value

1 19,604,145 800000 764561.66 35438.34 19,639,583

2 19,639,583 800000 765943.75 34056.25 19,673,640

Total interest expense:

764,561.66 + 765,943.75 = 1,530,505.41

Then 800,000 - 764,561.66 = 35,438.34 amortization

new carrying value 19,604,145 + 35,438.34 = 19,639,583

Last: 19,638,583 x 0.078/2 = 765943.75

We add up the interst expense:

Total interest expense:

764,561.66 + 765,943.75 = 1,530,505.41

4 0

3 years ago