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
zhuklara [117]
3 years ago
6

The cost of finished goods manufactured will exceed the cost of goods sold whenever: Multiple Choice The inventory of finished g

oods increases over the period. The inventory of work in process increases over the period. The inventory of finished goods decreases over the period. The inventory of work in process decreases over the period.
Business
1 answer:
GalinKa [24]3 years ago
4 0

Answer:

The inventory of finished goods increases over the period.

Explanation:

mathematically:

Cost of finished goods inventory = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Cost of Goods Sold

= The Ending Finished Goods Inventory Amount

You might be interested in
You are analyzing a company that has cash of $8,800, accounts receivable of $15,800, fixed assets of $87,600, accounts payable o
nikdorinn [45]

Answer:

quick ratio =  0.61  

Explanation:

given data

cash = $8,800

accounts receivable = $15,800

fixed assets = $87,600

accounts payable = $40,300

inventory = $46,900

solution

we get here quick ratio that is express as

quick ratio = (Cash + Accounts receivable) ÷ (Accounts Payable)   .................1

put here value and we get

quick ratio = \frac{8800+15800}{40300}  

quick ratio =  0.61  

so correct option is c. 61

7 0
3 years ago
Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several
Orlov [11]

Answer:

Key S - Scenario

      A - Accounting Principle or Assumption

S

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

A

Historical cost principle

S

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

A

Business entity assumption

S

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

A

Going concern assumption

S

Thomas records expenses incurred to produce the sales for the month.

A

Expense recognition principle

S

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

A

Revenue recognition principle

S

Thomas Company provides earnings information to investors at the end of every quarter.

A

Time period assumption

S

The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

A

Monetary unit assumption

Explanation:

5 0
3 years ago
The amount of the check is written in how many places?
Evgen [1.6K]
2

In numerical form on the left and written out on amount line
4 0
3 years ago
Read 2 more answers
A Disability Income policyowner suffers a disability which was due to the same cause as a previous disability. Both disabilities
Luba_88 [7]

Answer:

C) Recurrent Disability provision

Explanation:

The human body is a fantastic machine but sometimes when you have health problems they don't show up immediately.

For example you might get hit on the right side of your head severely and lose partial hearing from your right ear, but in a couple months you might notice that your short term memory has also been affected. Both disabilities were caused by the injury although one showed up before the other.

The insurance company has to provide the disability benefits without a new elimination period under the recurrent disability provision.

8 0
3 years ago
On October 1st Joe charged $900 to his credit card, on October 10th he charged another $1,300 to his credit card, and on October
poizon [28]

Answer:

interest expense for October $ 27.25

Explanation:

       900

+  1,300 x 20/30

<u> +     100 x 15/30    </u>

1,816.67 average balance

Now we multiply this average balance by the interest rate of the credit card:

1,816.67 x 0.18/ 12 = 27.25

4 0
3 years ago
Other questions:
  • On January 1, 2021, G Corporation agreed to grant all its employees two weeks paid vacation each year, with the stipulation that
    11·1 answer
  • Under a written insurance contract, the policyholder pays a premium, and the insurance company provides:____
    7·1 answer
  • Bloomington Corporation reported the following on their contribution format income statement: Sales (12,000 units) $175,000 Less
    12·1 answer
  • What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-h
    14·1 answer
  • Which of the following statements would come from someone classified as unemployed? Question 25 options: I can't stand my curren
    13·1 answer
  • Need friends invite me will mark brainliest
    6·2 answers
  • A contract in which an owner provides a user the right to use an asset in return for periodic cash payments over a period of tim
    6·1 answer
  • Japan and other market-based economies enjoy economic growth, but also face greater risks due to:.
    5·1 answer
  • The responsibilities of the board of directors includes: Group of answer choices Caring for shareholder interests A
    11·1 answer
  • a building rents for $32 per square foot with an index of 1.6. the index increases to 1.9. what is the adjusted rental rate?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!