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
spin [16.1K]
3 years ago
15

Using the information below, calculate cost of goods sold for the period: Sales revenues for the period$1,312,000 Operating expe

nses for the period 247,000 Finished Goods Inventory, January 1 44,000 Finished Goods Inventory, December 31 49,000 Cost of goods manufactured for the period 548,000
Business
1 answer:
nikitadnepr [17]3 years ago
5 0

Answer:

COGS= $543,000

Explanation:

Giving the following information:

Cost of goods manufactured for the period 548,000

Finished Goods Inventory, January 1 44,000

Finished Goods Inventory, December 31 49,000

<u>To calculate the cost of goods sold (COGS), we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 44,000 + 548,000 - 49,000

COGS= $543,000

You might be interested in
There are three things that can significantly mitigate the harm caused by delays. Which of the following is not one of these
Fed [463]

Answer:

Delay, lack of parternership, fission

Explanation:

6 0
3 years ago
preparing tywin company's statement of cash flows for the most recent year, the following information is available: purchase of
Blizzard [7]

-$264,000

Explanation:

Below is a summary of the net cash flows from investing operations for the year.

flow of money from investments

Equipment purchase: $260,000

$87,000 was earned from the sale of equipment.

Land purchase: $91,000

-$264,000 in net cash flow was utilised for investing activities.

Sales are a cash inflow, so they would be added, whereas the purchase is a cash outflow, so it would be reflected as a minus sign.

To learn more about cash flows from the given link.

brainly.com/question/735261

#SPJ4

6 0
1 year ago
Stock in Daenerys Industries has a beta of 1.2. The market risk premium is 6 percent, and T-bills are currently yielding 4.9 per
kobusy [5.1K]

Answer:

The best estimate of the company’s cost of equity is 12%

Explanation:

Estimate of the company’s cost of equity = (Required Return as per Capital Asset Pricing Model + Cost of Equity) / 2

Required Return as per Capital Asset Pricing Model = Risk Free rate + Market Risk Premium * Beta

= 4.9 % + ( 6% * 1.2)

= 0.049 + 0.06 * 1.2

= 0.049 + 0.072

= 0.1210

= 12.10%

Cost of Equity = (Expected Dividend/Price) + Growth Rate

= [( $ 1.30 * 1.08) / $ 36] + 8%

= 0.039 + 0.08

= 0.1190

= 11.90%

The best estimate of the company’s cost of equity = (12.10 % + 11.90 % )/ 2

=  24% / 2

= 12%

Hence, the best estimate of the company’s cost of equity is 12%

6 0
3 years ago
Acquiring a government job based on political loyalty, without regard to ability, is called
umka2103 [35]
Acquiring a government job based on political loyalty, without regard to ability, is called <span>political patronage.

Hope this helps you! :-)</span>
6 0
3 years ago
Recessions in China and India would cause:________
lesya [120]

Answer:

b. the U.S. price level to rise and real GDP to fall.

Explanation:

A recession can be regarded as macroeconomic term which is used to describe significant decline that occur in general economic activity within a designated region. It can be regarded as economic decline of two consecutive quarters which is been reflected by GDP along with some monthly indicators, this indicators could be a rise in unemployment.

For, instance Recessions in China and India would cause the U.S. price level to rise and real GDP to fall.

6 0
3 years ago
Other questions:
  • An exception to liability for copyright infringement is made under the "fair use" doctrine.​
    14·1 answer
  • Which of the following creates a bull spread? A. Buy a low strike price call and sell a high strike price call B. Buy a high str
    8·1 answer
  • Why would a company place new workers on probation?
    7·2 answers
  • Micropreneurs are exempt from the local ordinances that restrict home-based businesses from operating in residential areas.
    13·1 answer
  • If the age distribution of customers at a major retail chain is thought to be bell-shaped with a mean equal to 43 years and a st
    8·1 answer
  • A material weakness involves a reasonable possibility that what size misstatement will not be prevented or detected?
    14·1 answer
  • Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers
    14·1 answer
  • Government payments to suppliers are called excise taxes. <br> True<br> or <br> False
    13·2 answers
  • April Stigum will receive a 6 year annuity of $2,000 per year, beginning 7 years from today. In other words, the first payment w
    7·1 answer
  • What was the growth rate of per capita income in india on the eve of independence.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!