Answer:
The correct answer is A.
Explanation:
Giving the following information:
Beginning finished goods inventory= $40,000
During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 40,000 + 280,000 - 42,000
COGS= 278,000
Answer:
Depreciation expense-Year 2 = $8840
Explanation:
It is important to note that the depreciation is based on the units-of-production method and in case of the truck, we take 100000 miles as its useful life or total units of production.
The depreciable value of the truck is Cost - salvage value,
Depreciable Value = 33000 - 7000 = 26000
The depreciation for year 2 based on units-of-production is,
Depreciation expense for year 2 = 26000 * 34000/100000 = $8840
<span>If you want to harness more speed from the output, you need to harness the force more efficiently. You can do this by making the size of the axle smaller. This will increase the number of full rotations the axle has.</span>
Answer:
$2,538,000
Explanation:
Paid in capital in excess of par-common stocks= $102*94,000-94000*3*25=$2,538,000
The preference shares were valued at $102*94,000 less the amount of common stocks issued at par (94,000*3*25) for conversion of preference stocks to common stocks will give paid in capital in excess of par for common stocks.
The excess amount is also called share premium paid.
Answer: Virtual team
Explanation: A virtual team is seen as a group of people who work jointly from distinct locations and depend on the exchange of information through the use of technology like fax, email, audio, and video conferencing assistance in order to cooperate and work together.
In this scenario, the USDOT created a national team which comprises a group of experts to work together in achieving their laid out tasks in the US. They won't be needing to meet in person as they communicate with telecommunication and information technology.
