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
Firdavs [7]
3 years ago
15

A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods ma

nufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold for this company is:
Business
1 answer:
lapo4ka [179]3 years ago
5 0

Answer:

The cost of goods sold for this company is$29,300

Explanation:

Cost of Goods sold is the cost of all the goods that is sold during the period excluding the cost of available Inventory.

Cost of Goods Manufactured is the cost of all the goods that is manufactured during the period including the cost of available Inventory.

As per given data

Beginning finished goods inventory = $14,600

Cost of goods manufactured = $32,500

Ending finished goods inventory = $17,800

Cost of Goods Sold = Cost of Goods Manufactured + Beginning finished goods inventory - Ending finished goods inventory

Cost of Goods Sold = $32,500 + $14,600 - $17,800 = $29,300

You might be interested in
Firms issue callable bonds to give them financing flexibility in case future interest rates. True or False
AURORKA [14]

true is the answer for sure !!

7 0
3 years ago
Read 2 more answers
Drea is facing an ethical dilemma and is unsure how to proceed because there seems to be no “right” answer for everyone. Her bus
Fudgin [204]

Since Drea is facing an ethical dilemma and she wants to have the best option to her ethical dilemma, for the second step, she wouls have to: Identify feasible options. Option b.

<h3>What is an ethical dilemma?</h3>

In philosophy, ethical dilemmas—also known as ethical paradoxes or moral dilemmas—arise when an agent must choose between two competing moral obligations, none of which takes precedence. A definition that is similarly comparable describes ethical situations as ones where there is no right decision to be made.

An ethical problem, also known as a moral problem or ethical paradox, arises when a person must choose between two possibilities, none of which are wholly ethically acceptable.

An ethical conflict is an opposition between two morally righteous actions. A disagreement exists between two values or principles. The problem is that by choosing one correct action, you will invalidate the other right course because you would be acting both rightly and wrongly at the same moment.

Read more on ethical dilemma here: brainly.com/question/3838938

#SPJ1

3 0
1 year ago
Interest begins accruing on a _____ the day of the transaction.
xenn [34]
Interest begins accruing on a __<span> cash advance </span>___ the day of the transaction
.As interest is the
<span>money that is  paid regularly at a particular rate for the use of money lent
</span>A __<span>posting date</span>___ is when a payment is credited to an account. 
its the date at which money is being transected from bank
so correct option is B
hope it helps
6 0
3 years ago
Read 2 more answers
The Blue Bird LTD has total assets of $223 500, a debt- equity ratio of 0.45, and return on equity is 12%. What is the net incom
Klio2033 [76]

The Net Income For Blue Bird LTD. is $69362.

Explanation:

As per Accounting Equation;

Total Asset = total equity + total liabilities

as we  are don't have equity so we will take it as x and liabilities as y

Now our equation will be,

$223500 = x+y ........................................................................(i) equation

we are also given a debt equity ratio =    \frac{Total of Debt}{Total of equity}

                           Debt Equity Ratio =        \frac{Y}{X}  

                                 .45x   =          y................................................... (ii) equation

so now putting y of (ii) equation into (i) equation, we will get

               $223500 =  x+ .45x

                        x =\frac{223500}{1.45}

                        x (i.e equity) =  $154,138

           and,        y (debt )      = $69362

to find net income , where Return on equity (ROE) =\frac{net income}{shareholder equity}

                                                 net income  = .12×$154138

                                                 net income   = $18497

                                       

5 0
3 years ago
The profit margin on an item the company sells can best be defined as:
Akimi4 [234]

Answer:

B) Price of the unit minus cost of goods sold per unit.

Explanation:

A)

Costs involving monetary payments are explicit costs. Labor costs and total debt payments, both are explicit costs.

B)

The difference between revenue earned and cost of goods sold is our profit margin. Price of the unit is revenue earned and deducting cost of goods sold per unit from it will give us profit margin of an item.

C)

The unit price of an item is called the price of the unit, also called sales price. It could in Kilogram, Liter, etc. The price of the unit is considered part of the profit margin but not actually comprise profit margin itself.  

D)

The unit cost of an item is called the cost of goods sold per unit. The unit could be in Kilogram, Liter, etc. The cost of goods sold is usually deducted from the price of the unit to derive to the profit margin. Hence a part of profit margin but not actually a profit margin itself.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Shiffon Electronics manufactures music player. Its costing system uses two cost categories, direct materials and conversion cost
    10·1 answer
  • In times of falling prices, choosing LIFO over FIFO as an inventory cost method would affect the financial statements as follows
    13·1 answer
  • It doesnt matter what your goal is. any idea you may create is achievable. true or false​
    10·1 answer
  • Which of the following scenarios would cause a surplus in a market? a. The actual price is $20, the equilibrium price is $25, th
    14·1 answer
  • The December 31, 2018, inventory of Tog Company, based on a physical count, was determined to be $470,000. Included in that coun
    5·1 answer
  • Is a collection of attitudes, values, and behaviors shared by a group of people
    7·1 answer
  • Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.80 per pound and costs $15
    13·1 answer
  • On January 1, 2021, Pine Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for Pin
    15·1 answer
  • Swifty Corporation plans to introduce a new product and is using the target cost approach. Projected sales revenue is $850500 ($
    5·1 answer
  • Do interest rates matter for credit cards?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!