Answer:
COGS= $2,060
Explanation:
Giving the following information:
July 1: Beginning Inventory 30 units at $15 $450
July 7: Purchases 90 units at $23 2070
July 22: Purchases 10 units at $20 200
Ending inventory in units0 30 units
<u>First, we need to calculate the number of units sold:</u>
Units sold= total units - ending inventory in units
Units sold= 130 - 30
Units sold= 100
<u>Now, to calculate the cost of goods sold under the FIFO (first-in, first-out), we need to use the cost of the firsts units incorporated into inventory:</u>
COGS= 30*15 + 70*23
COGS= $2,060
Check your stuff to see what you already have and what you need.To go around buying everything you want just because its pretty.
Answer:
The correct answer is letter "E": Sunk costs that have been expensed for tax purposes.
Explanation:
Capital budgeting is a planning process used by companies to evaluate which large projects they will invest in and how to finance them. It is sometimes called "<em>Investment Appraisal</em>". The type of projects experts analyze in capital budgeting include such major investments as building a new plant, buying new machinery, developing a new product, or buying another company, that is why option "<em>E</em>" is meaningless for this type of purpose.
Answer:
Explanation:
given data
fee = $2850
receive = $2580
credit fees = $2850
to find out
which statement true
solution
we know here that fee earn by client is here $2850
and
$2580 receive as debit account so
$2850 fee earn credit
so we can say here
credit balance will be high ( 2850 - 2580)
higher = 270
so option A is correct
so here the credit account total of trial balance would be high by $270
The double surplus of worldwide stability of payments leads to the excessive boom of foreign exchange reserves.
Due to the fact region II runs trade (and perhaps funding income) and cutting-edge account surpluses, it's miles in the section of the young creditor kingdom. Combining the 2 areas as an entire, China runs “dual surpluses”—with a $50 billion USD contemporary account surplus, and a $100 billion USD capital account surplus, respectively.
Some of the explanatory factors for this surplus relate to the health crisis. The pandemic has caused a distortion in global demand away from leisure, tourism, and commodities, which China imports in huge quantities, toward clinical merchandise, IT, and domestic equipment, which China exports.
Furthermore, China's goods alternate surplus, the biggest contributing element to the modern-day account surplus, has long been sustained by using processing alternate which imports additives to make finished products for exports.
Learn more about twin surplus here: brainly.com/question/20713668
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