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
mojhsa [17]
3 years ago
10

Powers Corporation has provided the following information for its most recent month of operation: sales $16,000; ending inventor

y $4,000, purchases $8,000 and gross profit $10,000. How much was Powers' beginning inventory
Business
1 answer:
Elza [17]3 years ago
7 0

Answer:

The beginning inventory was  $2000.

Explanation:

First, we need to calculate the Cost of Goods sold. The cost of Goods sold is the difference between the Sales and the gross profit. Thus, the cost of goods sold is 16000 - 10000  =  $6000

The value of the beginning inventory for the period can be calculated by using the Cost of Goods sold formula. The cost of goods sold is calculated as:

Cost of goods sold = Beginning inventory + Purchases - Closing Inventory

Plugging in the available figures in the formula,

6000  =  Beginning Inventory  +  8000  -  4000

6000 = Beginning inventory + 4000

6000 - 4000 = Beginning Inventory

Beginning Inventory = $2000

You might be interested in
A company decides on the worth of a product, keeping in mind the disposable income of customers
Artist 52 [7]

Household net disposable income is calculated by taking the sum of household income, wages, and other earned money and subtracting all income taxes paid. To break this down, you will add up your household wages, salaries, any other income, net property income (if applicable), and any net transfers in kind (net amount).
3 0
3 years ago
Assume that we are in the MM world. The beta of an all-equity firm is 1.4. Suppose the firm changes its capital structure to 40
balu736 [363]

Answer:

2.3

Explanation:

Levered Beta = Unlevered Beta x (1+D/E)

D/E = Debt-to-Equity Ratio

1.4 x (1 + 04 / 0.6) = 1.4 x 1.667 = 2.3

8 0
3 years ago
Miao Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,000 client-visits, but its act
ExtremeBDS [4]
Mayonnaise is delicious, agree? Yes indeed.
7 0
3 years ago
The production of small consumer goods is referred to as?
AURORKA [14]
The correct answer is  :  light Industry

Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented
8 0
3 years ago
Suppose that, instead of developing its Datsun line for emerging markets, Nissan simply sold its existing models in those market
mylen [45]

Answer:

Explanation:

(A) First Degree Price Discrimination

(B) it is regarded as a form of price discrimination because the current price at which Datsun models are sold, differs from the former price (the current price is half the original or former price).

Also, this is a deliberate action or business strategy taken by the Nissan automobile company so it is price discrimination.

(C) Nissan might choose this approach because (according to the question) there are emerging markets and the Datsun model of Nissan motors will soon go obsolete.

So since the first aim of a company is to make profit, instead of losing buyers of the old model completely, Nissan will sell the off at much lower prices.

(D) Yes, it will a success move if the company does not presently have the technology to adapt to the new or emerging market for different type or function of vehicles.

8 0
3 years ago
Other questions:
  • N increase in buyers' income in the market for radios will _______ the market price and ________ the market quantity of radios,
    8·1 answer
  • Pal Corp.'s 2004 dividend income included only part of the dividend received from its Ima Corp. investment. The balance of the d
    15·1 answer
  • Many people keep working long after retirement age because work:
    11·1 answer
  • Salty Snacks Inc, markets a fish-shaped cracker. When Tasty Tidbits Inc. begins to sell a similar product, Salty files a suit ag
    12·1 answer
  • An electronic firm invested $60,000 in a precision inspection device. It cost $4000 to operate and maintain in the first year an
    13·1 answer
  • Concord Corporation is planning to sell 500 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box o
    11·1 answer
  • Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay
    8·1 answer
  • Why is it important for a human resource manager to carefully maintain<br> employee records?
    14·2 answers
  • Which policy tools are considered automatic stabilizers?
    9·1 answer
  • 2. Raven wants to have specific departmental goals for each of her departments so that it is clear what everyone should be doing
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!