1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
masha68 [24]
3 years ago
15

Zimmer, Inc. started the month of January with beginning finished goods inventory of $20,000. The cost of goods manufactured dur

ing the month was $120,000 and the ending finished goods inventory was $50,000. What is the unadjusted cost of goods sold for January?
a.$90,000

b.$120,000

c.$140,000

d.$150,000
Business
1 answer:
Vlad1618 [11]3 years ago
8 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory of $20,000

The cost of goods manufactured during the month was $120,000

Ending finished goods inventory was $50,000

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 20,000 + 120,000 - 50,000= $90,000

You might be interested in
Felicity's company has several communal workspaces that are soundproof so employees can either enjoy quiet while they work or pl
kolezko [41]

A gorgeously designed office can help with talent retention and recruitment. New offices nowadays might have cubicle-free cubelands, officeless offices, and collaborative spaces that are just enclosed by glass walls. Particularly to potential employees coming in for an interview, these workspaces undoubtedly seem distinctive and convey a strong message about the corporate culture.

These open offices certainly have a number of advantages. Natural light is important because, people who work in artificial light start to feel sleepy earlier than those who operate in natural light. Studies comparing persons with and without views of nature, as opposed to views of built environments or none at all, have revealed that having a view of nature increases workers' physical health and reduces their levels of frustration.

To learn about more surrounding broadening challenging capturing

brainly.com/question/10637370

#SPJ4

8 0
2 years ago
The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known a
ipn [44]

The process of buying an underpriced security and selling an equivalent overpriced security until the prices converge is known as arbitrage. This statement is true.

<h3>What Is Arbitrage?</h3>

The arbitrage approach, used in foreign exchange trading, allows investors to lock in profits by simultaneously buying and selling the same security, good, or currency on two different marketplaces. By using this strategy, traders can profit from the disparities in pricing for the same asset across the two different regions that are represented on each side of the trade.

Arbitrage is the practice of purchasing an underpriced security and selling an equivalently-priced asset until the prices converge. Trading on illegal insider knowledge may result in abnormal profits even if the efficient market theory is accurate in a semi-strong sense.

To know more about Arbitrage, refer:

brainly.com/question/16178885

#SPJ4

7 0
1 year ago
In the recent years, prices of basic food commodities such as corn, rice, and wheat have increased sharply. A recent article in
TiliK225 [7]

Answer:

I, II and III.

Explanation:

Price ceiling refers to the price control policy that is used by the government to protect the customers who are not able afford goods at the prevailing price.

If government of a nation sets a price ceiling below the equilibrium price level then this will increase the quantity demanded for the product because now goods become more affordable to the consumers and decreases the quantity supplied because it will become less profitable for the producers.

Hence, the demand for goods exceeds the supply of goods, this will create a shortage of goods in an economy.

6 0
3 years ago
A registered representative says in a conversation with a prospect that a certain mutual fund "has no initial sales load." The f
slava [35]

Answer:

C. The RR must explain the contingent deferred sales load to the prospect

Explanation:

7 0
3 years ago
EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich
Wittaler [7]

Answer:

Select the answer that best describes the strategies in this game.

  • Both companies dominant strategy is to add the train.

Does a Nash equilibrium exist in this game?

  • A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).

Explanation:

we can prepare a matrix to determine the best strategy:

                                                  Swiss Rails

                                     add train             do not add train

                                    $1,500 /             $2,000 /

           add train                     $4,000                $7,500

EuroRail

      do not add train    $4,000 /             $3,000 /

                                               $2,000                $3,000

Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.

EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.

A Nash equilibrium exists because both companies' dominant strategy is to add a train.

7 0
4 years ago
Other questions:
  • On January 1, 2016, Denver Company borrowed $25,000 by issuing a 5-year note to Capital Bank. The note had a 10% annual rate of
    10·1 answer
  • Joe feels that failing his math test is due to an external locus of control that is unstable in nature. what will he attribute h
    7·1 answer
  • A dam is being built that will cost $500,000. The dam will cost $20,000 per year to operate and will require a maintenance expen
    12·1 answer
  • Question 24 (multiple choice)
    8·1 answer
  • A formal rotational program makes talent assessment easier for all of the following reasons except:______ A. Change assignments
    5·1 answer
  • BJ Company's net working capital and all of its expenses vary directly with sales. The firm is currently operating at 86 percent
    12·1 answer
  • If your business receives a loan for $40,000,
    11·1 answer
  • If a broker has compensated a non-licensed person for activities that he or she is not licensed for, the broker is guilty of
    12·1 answer
  • Relationship between peer assessment and critical thinking​
    15·1 answer
  • Wiki Wiki Company has determined that the variable overhead rate is $4.50 per direct labor hour in the Fabrication Department. T
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!