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4 years ago

Using the information below, calculate the cost of goods manufactured for the period.

Business

1 answer:

lutik1710 [3]4 years ago

4 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Beginning Finished Goods Inventory $80,000

Ending Finished Goods Inventory $67,000

Cost of Goods Sold for the period $540,000

To calculate the cost of goods manufactured, we need to use the following formula:

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

540,000= 80,000 + cost of goods manufactured - 67,000

540,000 - 80,000 + 67,000= cost of goods manufactured

$527,000= cost of goods manufactured

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Natasha2012 [34]

Answer:

c) wasteful rent-seeking

Explanation:

Rent-seeking is an economic activity that does not add any value, and it often includes lobbying and spending resources of your own company. This is a common practice when companies cannot find another feasible revenue stream, so they manipulate the distribution of various resources to gain wealth. This way, no value is created.

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4 years ago

If the absence of an agreement to the contrary in partnership, what are the all partners entitled?

Ne4ueva [31]

Answer:

d) All of above

Explanation:

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3 years ago

Name the form of ownership represented by SABC

Angelina_Jolie [31]

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

The form of ownership represented by SABC is a publicly owned or state-owned broadcasting corporation that is managed by the government of South Africa. Indeed, SABC stands for South Africa Broadcasting Corporation. It was created on August 1, 1936, as the public broadcasting system of the South African government. Today, it controls 19 AM and FM stations in the country and operates five television channels that foment the optimal educational and entertainment content for the people of South Africa.

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4 years ago

he 12-month period that ends when a company's activities are at their lowest point is called the:(A) Fiscal year.(B) Calendar ye

Nostrana [21]

Answer:

C) Natural business year.

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A natural business year is the period of 12 consecutive monthsending at a low point of an organization's activities.

For example, a school district will have a natural business year of July 1 through June 30, since classes for the school year end in early June.

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4 years ago

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of direct

kondor19780726 [428]

Number of shares: 410,000

Share price: $47

IF THE COMPANY USES STRAIGHT VOTING:

STEP 1: If the company uses straight voting, then the number of shares it should own would be half of the shares plus one share, in order to guarantee that the enough votes are received to win the election.

Number of shares needed = (Number of shares available for voting ÷ 2) + 1

Number of shares needed = (410,000 ÷ 2) + 1

Number of shares needed = 205,001

STEP 2: Total cost will be the product of share price and number of shares needed.

Total Cost = Share Price × Number of shares needed

Total Cost = $ 47 × 205,001

Total Cost = $ 9,635,047

<u>It will cost $9,635,047 if the company uses straight voting.</u>

IF THE COMPANY USES CUMULATIVE VOTING :

STEP 1: If the company uses cumulative voting, you need 1/(N+1) percent of stock plus one share to get maximum number of votes to win the election.

Percent of stock needed = [1 ÷ (N + 1)] * 100

Percent of stock needed = [1 ÷ (3 + 1)]* 100

Percent of stock needed = (1 ÷ 4) * 100

Percent of stock needed = 25%

So the number of shares purchased = (410,000 × 25%)

Number of shares purchased = 102,500

Total Cost = Number of shares purchased × Share Price

Total Cost = 102,500 × $47

Total Cost = $4,817,500

It will cost $4,817,500 if the company uses cumulative voting.

6 0

3 years ago