Accepting the kind of criticism that can help you grow is a trait of people with

You own a store. Beginning inventory on January 1 was $4,000. Ending inventory on December 31 was $4,500. You purchased $22,000

Butoxors [25]

Answer:

Explanation:

(a) The computation of the cost of goods sold is shown below:

= Beginning inventory + Purchase of new merchandise - ending inventory

= $4,000 + $22,000 - $4,500

= $21,500

(b) In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

7 0

3 years ago

Which of the following statements is correct about the connection between cost centers and revenue?

Mazyrski [523]

Answer:

B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.

Explanation:

Cost Centers are functions where costs are accumulated.

Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.

Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.

8 0

3 years ago

Define and compute opportunity cost

alexira [117]

Answer:

opopportunity cost is the value of the next best alternative or option. this value may not be measure on money

value can also be satisfaction. one formula to calculate opportunity cost could be the ratio of what you are sacrificing to what you are going

8 0

3 years ago

Miller Fruit wants to expand and needs $1.6 million to do so. Currently, the firm has 465,000 shares of stock outstanding at a m

Assoli18 [71]

Answer:

Rights needed for each new share = 8.14 rights

Explanation:

Amount needed to expand = $1.6 million

465,000 shares of stock outstanding at a market price per share of $32.50

The subscription price = $28

Number of rights issued = 1 right per share × 465,000 shares

Number of rights issued = 465,000 rights

Number of shares needed = $1,600,000 / $28

Number of shares needed = 57,142.857

Rights needed for each new share = Number of rights issued / Number of shares needed

Rights needed for each new share = 465,000 / 57,142.857

Rights needed for each new share = 8.14 rights

7 0

2 years ago

In deciding whether to dismiss the suit, the court in California first should look to _________ sources of law, or sources that

timama [110]

Answer:

Primary

Explanation:

The primary sources of law should be looked to when deciding whether to dismiss a suit or not. The primary sources of law are the determining bodies usually the government (federal and/or state) that make the laws. These bodies include the legislative, case laws, treaties, regulations and constitutions.

I hope this helps.

8 0

2 years ago