Answer:
$231,140
Explanation:
The computation of the amount reported in the cost of goods sold is shown below:
= Number of pool cues sold × total manufacturing cost per pool cue
where,
Number of pool cues sold would be 26,000 pool cues
And, the total manufacturing cost per pool cue would be
= Direct Materials per cue + Direct manufacturing Labor per cue + Manufacturing Overhead per cue
= $2 + $6 + $0.89
= $8.89
Now put these values to the above formula
So, the value would be equal to
= 26,000 cues × 8.89
= $231,140
When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
<h3>What is stated amount?</h3>
A stated amount is the value or amount the owner of a property gives as the worth of the property. This can be for your vehicle and it is provided to the insurer.
The stated amount is given for insurance to show the worth of a property that is insured.
Insurance helps to prevent total loss on a property incase of some unforeseen circumstance.
Therefore, When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.
Learn more on stated amount below
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On savings accounts, banks make money by paying depositors virtually no interest. Most major banks pay an interest rate of only 0.01% on their savings accounts. And then they use the money customers deposit to make loans at much higher rates. So, we are basically giving interest-free loans to banks. and by the end of the year they will have over a million dollars.
