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4 years ago

Franklin Manufacturing provided the following information for the month ended Marchâ 31:

Business

1 answer:

Alexxx [7]4 years ago

4 0

Answer:

a. Cost of Goods Sold (COGS) amounts to $21,100

Explanation:

Computing the Cost of Goods Available for Sale as:

Cost of Goods Available for Sale = Beginning Finished Goods Inventory + Cost of Goods Manufactured

where

Cost of Goods Manufactured is $18,600

Beginning Finished Goods Inventory is $15,000

So, putting the values above:

Cost of Goods Available for Sale = $18,600 + $15,000

Cost of Goods Available for Sale = $33,600

Computing the COGS (Cost of Goods Sold) as:

Cost of Goods Sold (COGS) = Cost of Goods Available for Sale - Ending Finished goods Inventory

where

Cost of Goods Available for Sale is $33,600

Ending Finished goods Inventory is $12,500

So, putting the values above:

Cost of Goods Sold (COGS) = $33,600 - $12,500

Cost of Goods Sold (COGS) = $21,100

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In two to three paragraphs, summarize below what you learned about shopping for tires.

Stels [109]

I learned that when shopping for tires, it's good to keep an open mind and go with what you can afford, and get the best quality your dollar amount can purchase. It's best to go to several places that sell tires and get quotes on the tires, and if you can get the same tires for less, go with those. Hope this helped :)

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3 years ago

A machine costs $270,000 and has a life of 12 years. The machine will be under total warranty for 3 years. In the 4th year the m

salantis [7]

Answer:

C) Around $56,100

Explanation:

total maintenance costs should be:

year cost

1 $0

2 $0

3 $0

4 $3,500

5 $5,250

6 $7,000

7 $8,750

8 $10,500

9 $12,250

10 $14,000

11 $15,750

12 $17,500

to determine the present value of the 12 year annuity we can use an excel spreadsheet and the present value function:

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3 years ago

You are comparing two investment options. The cost to invest in either option is the same today. Both options will provide you w

Bad White [126]

Answer:

Option A is the better choice of the two given any positive rate of return.

Explanation:

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3 years ago

Read 2 more answers

In east icicle, minnesota, on the northern edge of the corn belt, the growing season is short and the soil is poor. corn yields

user100 [1]

The answer is marginal costs in both places are the same. This is because the farmers in both places are profit-maximizers, the value in each flat is equal to MC or Marginal Cost and subsequently the market of corn is competitive, the price of corn in both places is the same. Also, marginal costs are higher in East Icicle than in Corncrib can also be a possible answer. For any given outflow per acre Corncrib’s corn yield are far better than in East Icicle, at any level of output, the marginal cost per acre in East Icicle must be higher in Corncrib, which suggests that in equilibrium the output level of corn in East Icicle is less than the output level of corn in Corncrib.

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3 years ago

As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reaso

igomit [66]

Answer: See explanation

Explanation:

Based on the information given, we are informed that the co-worker has recorded a cash receipt twice and wants the full time bookkeeper to record a correcting entry that will reverse the mistakes.

Before making a decision about the correcting entry, it is necessary to check the entry and cross check the balances for sales and cash. One has to also check the receipts and every other necessary details in order to make sure that the transaction is genuine and not fraudulent.

After the through check, if the person is sure and confident that everything is okay, then the correcting entry can be made.

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3 years ago