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Lubov Fominskaja [6]
3 years ago
15

The balance of the Cost of Goods Sold account at the end of the year represents:(A) The cost of inventory not sold in the curren

t year.(B) The total sales revenue to customers.(C) The cost of inventory sold in the current year.(D) Total purchases of inventory for the year.
Business
1 answer:
kap26 [50]3 years ago
6 0

Answer:

The balance of the Cost of Goods Sold account at the end of the year represents the cost of inventory sold in the current year.

Explanation:

The Cost of Goods Sold account is debited at each sale for the cost of the product sold, so at the end of the year you will have the cost of all products sold during the year.  This cost includes the cost of the direct materials and the direct labor costs used to produce them.

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The price component of a marketing mix is:
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Answer: the correct answer is a. a competitive weapon for companies

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Pricing has an important role as a competitive weapon to help a business exploit market opportunities. Pricing also has to be consistent with the other elements of the marketing mix, since it contributes to the perception of a product or service by customers.

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A rain barrel is a container that captures and stores rainwater for landscape and garden use during dry periods. Rain barrels pr
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Answer:

C

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A rain barrel is a container that captures and stores rainwater for landscape and garden use during dry periods. Rain barrels provide an external benefit to the community through water conservation. If the government offers a per unit subsidy on rain barrels equal to the per-unit externality, then the after-subsidy equilibrium quantity of rain barrels will be more than the socially optimal quantity of rain barrels.

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3 years ago
Suppose that the pound is pegged to gold at 6 pounds per ounce, whereas the franc is pegged to gold at 12 francs per ounce. This
zmey [24]

Answer:

we can look at this problem from 2 different point of views:

if you have francs and wish to buy pounds: then you take 12 francs and purchase 1 ounce of gold, and then you sell it for 6 pounds. This way you will only spend 2 francs per each pound instead of 2.2.

if you have pounds and want to make a gain: you take 6 pounds and purchase 13.2 francs and you then buy 1.1 ounces of gold. Then you sell the 1.1 ounces of gold in exchange for 6.6 pounds.

Any of the scenarios does not include any transaction prices nor shipping costs, it is only theoretical.

4 0
3 years ago
3. Categories of expenditures Edison and Hilary Girard live in Swarthmore, PA. Hilary's father, Kevin, lives in Sweden. For each
Ksivusya [100]

Answer:

Explanation:

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2. Hilary gets a new video camera made in the United States: included in Consumption (C) account.

3. Edison's employer upgrades all of its computer systems using U.S.-made parts: included in the Investment (I) account because it is capital expenditure.

4.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore: included in government purchases (G) account because Pennsylvania repaves are paid by the state of Pennsylvania.

5 .Edison buys a sweater made in Guatemala: included in Imports (M) account because it is consumed in U.S soil but not produced there.  

 

8 0
3 years ago
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