All categories

3 years ago

ILL MARK BRAINLY ON WHO ANSWERS FIST AND CORRECTY!! THERE IS MORE THAN NE ANSWER>

Business

2 answers:

Dmitry [639]3 years ago

7 0

1 , 2, and 5! I believe so

gulaghasi [49]3 years ago

4 0

Answer:

1, 2, 3, 5, 6

Explanation:

It might be all 6 idrk.

You might be interested in

Which of the following are true statements about T-bills? I. T-bills typically sell in denominations of $10,000 II. Income earne

lakkis [162]

Answer:

iii.Income earned on T-bills is exempt from state and local taxes.

Explanation:

Some staes might require that require that income earned from T-bills be reported regardless of the tax exempt status.

7 0

3 years ago

As a discipline, Governance is most closely related to:

Mnenie [13.5K]

Answer:

control

Explanation:

governance is the action or manner of governing.

6 0

3 years ago

Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 75,000 63,000 Ratios:

kondaur [170]

The amount of net sales for 2021 is $1,035,000.

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($63,000 + $75,000) /2

Average inventory = $69,000

The formula for Inventory turnover ratio is {Cost of goods sold/Average inventory]

6 = Cost of goods sold / $69,000

Cost of goods sold = $414,000

Given Gross profit ratio is 40%: Gross profit = 40% on sales

Let the sales be $K

Gross profit = Sales - Cost of goods sold

0.4K = K - $414,000

0.4K = $414,000

K = $414,000 / 0.4

K = $1,035,000

Therefore, the amount of net sales for 2021 is $1,035,000.

See similar solution here

brainly.com/question/14161287

7 0

2 years ago

Swifty Industries had the following inventory transactions occur during 2014: Units Cost/unit 2/1/20 Purchase 55 $46 3/14/20 Pur

kykrilka [37]

Answer:

$3,785

Explanation:

FIFO Inventory valuation method requires that the Inventory which is purchased first should be sold first and inventory Purchased at last should be sold at last.

As we know Gross profit is the Net of Sales and Cost of Goods Sold.

Sales $9,800

Cost of Goods Sold ($6,015)

Gross Profit $3,785

All workings are made in an MS Excel File, which is attached with this answer Please find it.

Download xlsx

5 0

3 years ago

Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the

Ber [7]

Answer:

$1,000

Explanation:

We know that

Total cost = Fixed cost + Variable cost

From the data given, we can calculate the variable cost using the high-low technique.

Variable cost per unit

= $\frac{Total cost at highest level-Total cost at lowest level }{Highest level - Lowest level} \\\\=\frac{16,000-10,000}{1,000-600 } \\$

=$15

Lease cost = FC + $15(Machine hours)

Lease cost -$15(Machine hours) = FC

Case,

i) 800 machine hours,

FC = Lease cost - $15(Machine hours)

= $16,000 -$15(1000) = $1,000

6 0

3 years ago