Cost of goods sold (Periodic System) = Beginning inventory + (Purchases, net of returns and allowances, and purchase discounts) + freight in − Ending inventory .
COGS = Cost of goods sold
COGS = 46200+(401100-13500-11300)+16000-57900
COGS = 380600
The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.
First In First Out (FIFO), Last In First Out (LIFO), and the Average Cost Method are the three techniques that a business might employ when tracking the amount of inventory sold over a given time period.
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Answer: Crea una LLC o Corporación. ...
Registre su nombre comercial. ...
Solicite un número de identificación fiscal federal. ...
Determine si necesita un número de identificación fiscal estatal. ...
Obtenga permisos y licencias comerciales. ...
Proteja su negocio con un seguro. ...
Abra una cuenta bancaria comercial.
Explanation:
Answer:
The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.
Explanation:
For the purpose of regular income tax, the deduction pertaining to medical expenses are available up to the extent it exceeds 10% of AGI.
Deduction available = excess expenses incurred - 7.5% of AGI
= ($16,000 + 4,000 + 2,500
+5,000) - 7.5%*130000
= 27500 - 9.750
= $17,750
Therefore, The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.
Answer:
The correct answer is letter "C": is the result of both genetic and environmental factors.
Explanation:
There have been several studies about human evolution as a species. It is inevitable to relate this topic to the prominent findings of Charles Darwin (1809-1882) in his book "<em>On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life</em>" or simply known as the <em>Origin of species</em>. Mainly, Darwin sustained that, in general, <em>species' evolution happens thanks to environmental adaptations that are transmitted from one generation of a species to another in their genetics.</em>
Answer:
2,000
Explanation:
To calculate how much of an accuracy related penalty the tax payer will be assessed, we use the following method.
