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
irga5000 [103]
3 years ago
7

The beginning and ending finished goods inventories of the Prize Ring manufacturing company were $84,000 and $79,750 respectivel

y. If cost of goods sold equaled $71,400, what is the amount of cost of goods manufactured for this period
Business
1 answer:
VLD [36.1K]3 years ago
5 0

Answer:

$67,150

Explanation:

The computation of cost of goods manufactured for this period is shown below:-

Cost of goods sold = Beginning finished goods + Cost of goods manufactured - Ending finished goods

$71,400 = $84,000 + Cost of goods manufactured - $79,750

$71,400 = $4,250 + Cost of goods manufactured

Cost of goods manufactured = $71,400 - $4,250

= $67,150

Therefore for computing the cost of goods manufactured we simply applied the above formula.

You might be interested in
In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, a
WINSTONCH [101]

Answer:

2) the time consumers save when purchasing goods there.

Explanation:

Their name explains everything. A convenience store is a store where someone can go and purchase goods easily and without any type of difficulty.

Of course a Walmart is cheaper, but will you travel 20 minutes just to get there, and spend 20 more minutes choosing and paying for a cheap good like a Coke, and then 20 more minutes back home. Whatever you save on buying the Coke, you will spend 50 times more in gas and personal time.

So even if a Coke costs $1 more in a 7-Eleven, it is worth it. You will save a lot of money by purchasing your Coke there.

6 0
3 years ago
When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions
Kryger [21]

Answer:

Human Capital.

Explanation:

When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions they are viewing them as human capital which is termed as an intangible asset for any organization but not present on an organization's balance sheet. Human capital is the economic value of the employees skills, expertise and experience which comprises of their training, education, health, intelligence, punctuality, values, ethics, corporate citizenship and loyalty etc.

5 0
4 years ago
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
OlgaM077 [116]

Answer:

$14,837

Explanation:

Calculation for what The adjusted cash balance should be

Bank balance$14,237

Add Deposit in transit$4,500

Less Outstanding checks ($3,900)

Adjusted bank balance$14,837

($14,237+$4,500-$3,900)

Book balance$13,162

Less Bank service fees ($50)

Add Note collected $1,725

Adjusted book balance$14,837

($13,162-$50+$1,725)

Therefore The adjusted cash balance should be:

$14,837

8 0
3 years ago
At the end of the systems implementation phase, the final report to management should include ____.
Nataly_w [17]
As far as I remember, at the end of the systems implementation phase, the final report to management should include these elements:

1. <span>a comparison of actual costs and schedules to the original estimates;

2. </span>final versions of all system documentation;

3. <span>planned modifications and enhancements to the system that have been identified;

It's necessary thing in system analysis.</span>
3 0
3 years ago
Dividing responsibility among some of the team members is effective delegation
konstantin123 [22]

Answer:true

Explanation:

Because dividing tasks get more accomplished faster

5 0
3 years ago
Other questions:
  • It sputtered and squeaked and with a small hesitation followed by an abbreviated lunge, it was finally over: Ol’ Reliable, the c
    11·1 answer
  • 1} When making decisions regarding the use of resources, options NOT chosen are known as which of the following?
    8·1 answer
  • Understanding how costs behave is useful to management for all the following reasons except a. predicting customer demand b. pre
    11·1 answer
  • What is the relationship between insurance and successful financial management? Why is insurance important?
    12·2 answers
  • When does the government assume a contractionary fiscal policy position?
    13·1 answer
  • The Mugger sells three types of mugs, flowers, dogs, and sports. The following information is available: Flowers Dogs Sports Tot
    11·1 answer
  • ROMI is an acronym that stands for​ _____, and indicates how much value an​ organization's marketing activities create. A. retur
    13·1 answer
  • 1. Suppose the Glucometer company is to sell the machine only to hospitals, and the company will maintain the Glucometer machine
    13·1 answer
  • A company that designs video games has decided to expand and needs to hire Software Developers, Web Administrators, and Computer
    7·2 answers
  • Madison promises Grace $10 if Grace collects her dry cleaning for her. This is an example of a(n) ________ contract. Group of an
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!