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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

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g On January 2, 2010, Howdy Doody Corporation purchased 12% of Ranger Corporation's common stock for $50,000 and classified the
Aliun [14]

Answer:

$7,200

Explanation:

The calculation of income that should be presented in the income statement is shown below:-

Dividend Received = Given percentage × Paid dividend

= 12% × $60,000

= $7,200

Therefore for computing the income that should be presented in the income statement we simply applied the above formula.

Therefore the above is the answer

8 0
3 years ago
Trisha's firm has filled all of its key management positions with parent-country nationals. What kind of staffing policy is this
N76 [4]

 The ethnocentric staffing policy is used in Trisha firm.

What do you mean by staffing?

Staffing refers to the continuous process of finding, selecting evaluating and developing a working relationship with current or future employees. The main goal of staffing is to fill the various roles within the company with suitable candidates.

What is importance of staffing?

If the staff are not competent, your organization will lag. But if you recruit the right kind of professionals, any company would perform other chores, such as organizing, directing, and controlling properly. It also contributes to the efficient utilization of resources.

The ethnocentric approach--------- to recruitment means that we hire people from our parent country to fill positions all over the world.

Learn more about staffing policy:

brainly.com/question/17084899

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6 0
2 years ago
Apple has been known to sell its products at higher rates than competitors, such as Microsoft, as it has been successful at conv
guapka [62]

Answer:

b. market power. 

Explanation:

A firm has market power when it is able to charge prices for its goods and services far above its marginal cost of production and higher than the average price charged in the market for similar goods and services.

Apple is able to charge higher price when compared with Microsoft.

Corporate level core competitencies is when a firm has unique abilities that gives it an edge over other competitors and enhances the long term success of the firm.

Multipoint competition is when a firm is competiting at the same time across many industries with the same competitors.

Brand awareness is how well a product is familiar to consumers .

3 0
2 years ago
George’s parents are going on a cruise and are concerned about paying their bills while they are gone because they will not have
bogdanovich [222]

Answer: Automatic withdrawal

Explanation: In an automatic withdrawal payment system the payee schedule the recurring payments on predetermined date, these are generally done electronically. These kinds of payments are generally done from banks or mutual funds accounts.

In the given case George’s parents are going to cruise thus they will not be able to pay for their bills hence they can use the automatic withdrawal system for the general bills they have to pay.

4 0
3 years ago
Read 2 more answers
The following information is available at the end of May:Balance in work in process on May 1 $57,600Direct material costs for Ma
Vsevolod [243]

Answer:

Work in process account= $76,680

Explanation:

Giving the following information:

Balance in work in process on May 1 $57,600

Direct material costs for May $89,200

Overhead applied at a rate of 120% of direct labor dollars

Direct labor= $76,500

Jobs completed during May and transferred to finished goods inventory was $242,420

Work in process account= Beginning work in process+direct materials + direct labor + manufacturing overhead - Jobs completed during May

Work in process account=57600 + 89200 + 76500 + (76500*1.20)- 242420

Work in process account= $76,680

5 0
2 years ago
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