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Akimi4 [234]
3 years ago
5

Beginning inventory was $50,000. Inventory purchased during the year cost $75,000. Inventory on hand at year-end was $40,000. Co

st of goods sold was
Business
1 answer:
marusya05 [52]3 years ago
5 0

Answer:

The Cost of Goods Sold or COGS for the period was $85000

Explanation:

The cost of goods sold is the value or cost of inventory that has been sold off during the period. The Cost of Goods Sold of COGS can be calculated as follows,

COGS = Opening Inventory  +  Purchases  -  Closing Inventory

COGS = 50000  +  75000  -  40000

COGS = $85000

So, the Cost of Goods Sold or COGS for the period was $85000

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Can people who disagree about normative ethical theory still reach agreement on practical ethical questions in the business worl
Archy [21]

<u>Answer: </u>

Yes, people who disagree about normative ethical theory can still reach an agreement on practical ethical questions in the business world.

<u>Explanation: </u>

  • Most individuals associated with any form of business have their own theories devised of ethical behavior.
  • Even if some people choose to disagree with the normative ethical theory, they cannot ignore the practical ethical questions in the business world.
  • Such people modify their own ways of tackling the problems regarding business ethics which prove effective sometimes and sometimes do not.
5 0
3 years ago
Why would the top-level managers at Nutzandboltz, a hardware company, decide to invest free cash flow in product lines such as c
faltersainse [42]

Answer:

"To increase the level of diversification" is the right answer.

Explanation:

  • The justification why and how the high-level managers from Nutzandboltz, a technology firm, intend to invest earnings per share throughout market segments including such merchandise as well as accessories, would be to maximize the long term growth ratio.
  • The other explanation may be to minimize the chances of their jobs.

So that the above is the correct answer.

8 0
4 years ago
George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the dutie
motikmotik
Hello

George retired from a local law firm and then volunteered to oversee a nonprofits legal records. George is performing the duties of a corporate secretary

Thanks
4 0
3 years ago
When Frozen DeLites Ice Cream moved from its longtime storefront to a famous resort area, it took a big risk. However, the owner
bearhunter [10]

Marketers professionals refer to the strategy of collecting customer names and email addresses and maintaining a presence on social media sites to send messages about promotions and coupons to valued customers like relationship marketing.

This strategy of creating relationships with customers has as its main objective the generation of value and customer loyalty through a closer and more direct relationship.

Relationship marketing is a strategy that has had a greater impact with technological development, social media for example, has strengthened communication between company and customer, making the relationship closer and more dynamic.

Therefore, companies that use relationship marketing create value through content that generates benefits and customer engagement with the company, increasing loyalty and positioning in the market.

Learn more about relationship marketing here:

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6 0
3 years ago
You hear on the news that the​ S&amp;P 500 was down 2.6 % today relative to the​ risk-free rate​ (the market's excess return was
Paul [167]

Answer:

a.

Excess return for Zynga today will be -3.38%

b.

Excess return on P&G today will be -1.04%

Explanation:

The excess return is the return earned above/beyond the benchmark return. This benchmark can be set at either the risk free rate or any other stock or portfolio's return.

The return on a stock is usually calculated using the CAPM equation. The CAPM considers risk free rate, the return on market and the stock's beta to calculate the expected return on a stock.

The market always has a beta of 1. Beta is the measure of the volatility of stock returns. If the excess return on the market falls or rises, the effect of this on a stock's excess return will be based on its beta.

a.

The excess return of Zynga today will be =  -2.6% * 1.3   = -3.38%

b.

The excess return of P&G today will be =  -2.6% * 0.4   = -1.04%

8 0
3 years ago
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