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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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What is the change due if a $5 bill is tendered for a charge of $4.21?

never [62]

What is the change due if a $5 bill is tendered for a charge of $4.21?

A.0.79

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3 years ago

Perdue Company purchased equipment on October 1 for $55,060. The equipment was expected to have a useful life of three years, or

zhenek [66]

Answer:

$13,300 for each of the four years

Unit of output

$9800

$18900

$16100

$8400

double declining

27530

13765

6882.5

3441.25

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $55,060 - $1,860) / 4 = $13,300 each year

Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)

( $55,060 - $1,860) / 7600 = 7

year 1 = 7 x 1400 = 9800

year 2 = 7 x 2700 = $18900

year 3 = 7 x 2300 = $16100

year 4 = 7 x 1200 = $8400

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/4 = 0.5

Year 1 = $55,060 x 0.5 = 27530

book value = $55,060 - 27530 = 27530

year 2 = 27530 x 0.5 = 13765

book value = 27530 - 13765 = 13765

year 3 = 13765 x 0.5 = 6882.50

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3 years ago

Stadford, Inc. is financed with 40 percent debt and 60 percent equity. This mixture of debt and equity is referred to as the fir

miss Akunina [59]

Answer: (A) Capital structure

Explanation:

The capital structure is basically refers to the overall financial operation in an organization for the growth of the company. The combination of the debt and the equity is basically known as capital structure.

The equity is basically refers to the common and the preferred stock and the debt is one of the form of bond issue.

Therefore, the mixture of 40 percent debt and the 60 percent of the equity is refers to capital structure.

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3 years ago

As the aggregate price level in an economy rises, ____________________. interest rates increase consumer demand increases export

snow_tiger [21]

As the aggregate price level in an economy rises, A. interest rate increase.

<h3>What is interest?</h3>

It should be noted that the interest rate simply means the rate that's put on the money that's collected by an entity.

In this case, when there's an increase in the aggregate price level in an economy rises, the interest rate increase as well.

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2 years ago

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or

Vlada [557]

A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the <u>Time period principle.</u>

The time period principle- Financial results and other material business activities should be reported over a consistent time period, such as a month, week, day, etc., in accordance with the time period concept. Depending on the frequency of the chosen time period, the firm must then adhere to a distinct set of regulations for each financial statement in accordance with US Generally Accepted Accounting Principles.

Any company's financial statements can be thought of as a snapshot in time that reveals both the company's history and its current status. That's why it's crucial to disclose to readers the time frame in which the financial statements were generated in accordance with the time period concept.

In its broadest sense, the time period principle holds that any enterprise may conveniently categorize its financial operations into discrete time intervals. That is to say, all cash inflows and outflows may be neatly categorised into separate and sequential accounting periods.

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1 year ago