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
alexira [117]
3 years ago
8

A company has beginning inventory for the year of $10,500. During the year, the company purchases inventory for $160,000 and end

s the year with $23,000 of inventory. The company will report cost of goods sold equal to: Multiple Choice $183,000. $172,500. $147,500. $160,000.
Business
1 answer:
djverab [1.8K]3 years ago
4 0

Answer:

The correct answer is $147,500.

Explanation:

According to the scenario, the given data are as follows:

Beginning inventory = $10,500

Purchase inventory = $160,000

Ending inventory = $23,000

So, we can calculate the cost of goods sold by using following method:

Cost of goods sold = Beginning inventory + Purchase inventory - Ending Inventory

By putting the value, we get,

Cost of goods sold = $10,500 + $160,000 - $23,000

= $147,500

You might be interested in
as foreign exchange activity has grown, a given degree of central bank intervention has become: a. more frequent. b. less effect
Lunna [17]

As foreign exchange activity grows, a given degree of central bank intervention becomes less effective. Hence, the correct option is (b) less effective.

Central banks manage currency by generating new currency, setting foreign currency reserves, and fixing interest rates. In regard to foreign exchange, the central bank intervention aims at stabilizing its currency in the foreign exchange market. The success of central bank interventions highly depends on how it manages and stabilizes its currency in the foreign exchange market.

If the central bank fails to maintain its stability in the foreign exchange market, it undermines the credibility of the central bank. The increase in foreign exchange activities means that the role of central bank intervention is less effective to stabilize its currency in the foreign exchange market.

You can learn more about  role of central bank at

brainly.com/question/19336573

#SPJ4

6 0
11 months ago
What does required fields mean someone please answer
Naddik [55]

required field means those are feilds or blanks that you have to answer

7 0
3 years ago
Read 2 more answers
Love Company’s accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018
konstantin123 [22]

Answer and Explanation:

  • Closing Balance (Retained earning ) of 31 Dec 2018 is called Opening Balance of 1 Jan 2019 , i.e. $42,100
  • There is no particular information provide for 1 Jan 2018 .So, assume there is Zero balance of retained Earning
  • Calculation of retained earning of 31 Dec 2017

Retained earning                             $42,100

Less: revenue during the year        $19,400

Add: Expenses During the year      $9,800

<u>Add : Dividend                                  $500 </u>

Retained earning on 31 Dec 2017 $33,000

  • Retained earning is a temporary account So, $33,000 is balance of Retained earning At 30 June 2018.
4 0
3 years ago
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $31,098,000, net operating inco
miskamm [114]

Answer:

I. 14.50%

II. 3.55

III. 51.48%

Explanation:

Kindly observe your question is incomplete but i found the other section of the question

Kindly check attached picture for detailed explanation

6 0
3 years ago
What is wrong with Brainly? People (or maybe even bots) keep posting a link to download a file to get the description/answer. I
lukranit [14]

Answer:

exactly!! i asked a question and one person responded with some link saying they put the answer on there. i think people just want points or something:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Concam Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing $500,000 were put in
    11·1 answer
  • g 1)Which of the following strategies are used by business firms to capture consumer surplus?1)A)Two-part tariffsB)Price discrim
    14·1 answer
  •   The brilliant colored ribs of Swiss chard can add excitement to your garnishes as a substitute for which of the following vege
    5·1 answer
  • A newly issued bond pays its coupons once annually. Its coupon rate is 5.7%, its maturity is 20 years, and its yield to maturity
    15·1 answer
  • Steven Washington's weekly gross earnings for the week ending March 9 were $3,340, and her federal income tax withholding was $5
    11·1 answer
  • JPix management is considering a stock split. JPix currently sells for $70 per share and a 3-for-1 stock split is contemplated.
    9·1 answer
  • ogan Company owns equipment that cost $140,000 when purchased on January 1, 2018. It has been depreciated using the straight-lin
    10·1 answer
  • What is my level of education if I just finished 10th grade?
    7·2 answers
  • Kevin durant vs giannis who winning gets 150m tommrow after the game lol
    15·2 answers
  • A(n) ________ is a force in the environment that requires a company to address it.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!