1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gulaghasi [49]
3 years ago
11

The following information pertained to Azur Co. for the year: Price of goods purchased $102,800 Price discounts 10,280 Freight-i

n 15,420 Freight-out 5,140 Beginning inventory 30,840 Ending inventory 20,560 What amount should Azur report as cost of goods sold for the year?
Business
1 answer:
MrRissso [65]3 years ago
7 0

Answer:

$118,220

Explanation:

The Costs of Goods Sold COGS is calculated using the following formula.

COGS = Beginning inventory + purchases - Ending Inventory

For Azur company

Beginning inventory:  30,840

Ending inventory : 20,560

Net purchases equal Net purchase equal to purchases plus freight-in minus discounts  freight-out are administrative expenses, hence do not feature in COGS

Net purchases =$102,800 + $15,420 -$ 10,280

Net purchases =$107,940

COGS = $30,840 +$107,940 -$20560

COGS = $118,220

You might be interested in
Economics Airlines currently spends $20,000 per month in airport fees and $10,000 per flight for fuel, crew, and airplane mainte
Kamila [148]

Answer:

b. 20

Explanation:

For 5 flights per month

Total Cost = Variable cost + Fixed cost

Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee

Total Cost = (5 X 10000) + 20,000 = $70,000

For 6 flights per month

Total Cost = Variable cost + Fixed cost

Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee

Total Cost = (6 X 10000) + 20,000 = $80,000

Additional Cost for 6th flight = $80000-70,000 = $10,000

Minimum No. of Passenger to cover the cost = Additional cost / Ticket price per seat

Minimum No. of Passenger to cover the cost = $10,000 / $500 = 20 seats passengers.

3 0
3 years ago
Then it flows flows through the large tubes call
Tema [17]
More details please or actually ask the question.
3 0
3 years ago
An FHA-insured loan in the amount of $157,500 at 5.5% for 30 years closed on July 17. The first monthly payment is due on Septem
uranmaximum [27]

Answer:

the amount of the interest adjustment is $336.875

Explanation:

The computation of the amount of the interest adjustment is as follows;

= Principal × rate of interest × number of days ÷ total number of days

= $157,500 × 5.5% × 14 days ÷ 360 days

= $336.875

Hence, the amount of the interest adjustment is $336.875

Therefore the given formula is applied

6 0
3 years ago
Stone Furniture Store has credit sales of $400,000 in 2008 and a debit balance of $600 in the Allowance for Doubtful Accounts at
AlekseyPX

Answer:

pm jvvjvvjvjvjkbkkvkkbbkkbbjjv

3 0
3 years ago
Rent-to-buy (RTB) rents medical equipment to its customers offering them the option of converting rentals into eventual purchase
notsponge [240]
1. 450. The second question is confusing.
8 0
3 years ago
Other questions:
  • Teams generally have which of the following effects on stereotypes and biases in the workplace? a. Teams will reduce communicati
    15·2 answers
  • Question 6. (10 marks)
    10·1 answer
  • On april 6, apple entered into a signed contract with bean, by which apple was to sell bean an antique automobile, having a fair
    8·1 answer
  • George borrows funds from Hometown Credit Union (HCU) to buy real property. George signs a written instrument that gives HCU an
    9·1 answer
  • For each of the​ following, describe some of the potential opportunity costs ​:1. Going home for Thanksgiving vacation. A. Time
    14·1 answer
  • Cyra is a musician who is contracted to perform for Vanta Blue, a local pub. Vanta Blue pays her an advance as part of the contr
    9·1 answer
  • Thirsty Thelma owns and operates a small lemonade stand. When Thelma is producing a low quantity of lemonade she has few workers
    15·1 answer
  • Paul's Landscaping purchased $500 of office supplies on credit. The company's policy is to initially record prepaid and unearned
    9·1 answer
  • How am I still single.
    14·1 answer
  • a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market..
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!