Answer:
The correct answer is A.
Explanation:
Giving the following information:
Beginning finished goods inventory= $40,000
During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.
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= 40,000 + 280,000 - 42,000
COGS= 278,000
Answer:
C. Diversification
Explanation:
Diversification describes the segments and niches a company operates in. Also, diversification doesn't only refer simply to a number of those segments. In other words, a company that has numerous segments that are related to each other does not necessarily need to be diversified.
In order to have a high diversification rate, a company has to operate in a number of businesses and segments that are not similar to each other.
The correct answer is letter A. The 13th account in the ledger. The account number 13 in the ledger doesn't mean the 13th day of the month but rather the 13th account in the ledger.
