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lana [24]
3 years ago
11

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:August 2 10 units w

ere purchased at $12 per unit.August 18 15 units were purchased at $14 per unit.August 29 12 units were sold.What is the amount of the cost of goods sold for this sale? (Roun
Business
1 answer:
mel-nik [20]3 years ago
5 0

Answer:

COGS= $158.4

Explanation:

Giving the following information:

August 2: 10 units were purchased at $12 per unit

August 18: 15 units were purchased at $14 per unit

August 29: 12 units were sold.

First, we need to calculate the weighted-average purchasing price:

weighted-average purchasing price= [(10*12) + (15*14)]/25

weighted-average purchasing price= $13.2

COGS= 12*13.2= $158.4

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Which industry takes materials and transforms them into new tangible, physical products? A. Wholesaling B. Manufacturing C. Extr
Margaret [11]
Hello,

The answer is option A "<span>Manufacturing".

Reason:

Manufacturing is the process of taking old products and transforming them into better working items its kinda like a upgrade of the product.

Ex: A video game console into a better game console.....

The answer is not option A because wholesaling is the process that businesses use for commercials, bigger industries, any accessories to add on to their businesses in order to make them run better and to sell more of the product in order to make more money. Its not option C because a extractive industry is a industry that basically uses natural resources and extracts them. Its also not option D because a service could be anything not involving businesses, involving social businesses, etc... Therefore the answer is option B!

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit </span>
6 0
3 years ago
Read 2 more answers
Once you have developed a set of solutions for a business problem or challenge how do you go about assessing each on its merits
s344n2d4d5 [400]

When you think about calculating your small business's success, you ought to see how much revenue it produces. Obviously, when you are running a corporation, money is necessary. Your business is done without it. You will expand your company with it and continue to follow your entrepreneurial dream.

During a given time frame, the financial statement tests the success of your firm by displaying the gains and expenses of your corporation. The balance sheet reflects the financial stability of the organisation, calculating how much you owe and own. And the declaration of cash flow indicates how liquid cash is at the business.

Measuring market efficiency involves testing the company's cash flow. Check out the financial statements if you want to see how profitable the company is.

A perfect way to assess the success of your company and forecast progress is to know how many new clients you have. You might need to kick up your marketing campaign if your company is static with the same 25 clients.

See if current consumers are the ones buying from your firm. Create a customer list to manage clients with email addresses. That way, every month or year, you can easily count the number of new customers.

Learn more about business here

brainly.com/question/15826771

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6 0
2 years ago
Gross billings for merchandise sold by lang company to its customers last year amounted to $11,720,000; sales returns and allowa
Alborosie

Calculation of Net sales last year for Lang Company:

It is given that Gross billings for merchandise sold by Lang Company to its customers last year amounted to $11,720,000; sales returns and allowances were $370,000, sales discounts were $175,000.

Net sales can be calculated using the following formula;

Net Sales = Sales –Sales Returns –Allowances

=  $11,720,000-$370,000-$175,000

= $11,175,000


Hence the Net sales last year for Lang Company is $11,175,000

Hence the correct asnwer is <u>c. $11,175,000.</u>



5 0
3 years ago
1. High Tech Wireless just published its current income statement, which shows net income equal to $240,000. The statement also
luda_lava [24]

Answer:

$240,000

Explanation:

With regards to the above information,

Sales revenue is computed as;

= Operating expenses + Depreciation × Tax rate

Given that;

Operating expenses = $5,00,000

Depreciation = $100,000

Tax rate = 40%

Sales revenue

= ($500,000 + $100,000) × 0.4

= $600,000 × 0.4

= $240,000

4 0
3 years ago
On July 1, 2015, ABC company filed its Articles of Incorporation with the State of California. All of their correspondence and c
attashe74 [19]

Answer:

Explanation:

When ABC company filed its Articles of Incorporation with the State of California and All of their correspondence and contracts list ABC as ABC Inc. They are already tagged as a corporation with limited liability.

Now; when there is a breach of contract and they are being sued by XYZ Inc. From the knowledge that XYZ file the lawsuit case against ABC, the ABC company will then be treated as a partnership acquainted with unlimited liability instead of a corporation with limited liability they are being known for since they already had a notice from the State of California that their Articles of Incorporation have been rejected.

5 0
3 years ago
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