<u>Calculation of cost of goods sold under a periodic system:</u>
It is given that the beginning inventory is $100,000, cost of goods purchased is $500,000, and ending inventory is $130,000. The cost of goods sold can be calculated as follows:
Cost of Goods Sold = Beginning inventory + Cost of goods purchased- Ending inventory
= 100,000 + 500,000 – 130,000
= $470,000
Hence, the cost of goods sold is<u> $470,000</u>
Answer:
The answer here would be B.
Hope this helps!
Answer:
$500,000
Explanation:
Given that:
Sales for the month = $900,000
Opening inventory = $50,000
Closing inventory = $55,000
Gross margin on sales = 45%
Cost of goods sold = 100 - gross margin = 100% - 45% = 55%
Hence,
Cost of goods sold = $900,000 × 55% = $495,000
Therefore, the purchase for the month
= Cost of goods sold + Closing inventory - Opening inventory
= $495,000 + $55,000 - $45,000
= $500,000
Answer:
The intangible benefits will be required to have a value of $ 100 000.
Explanation:
To calculate the return on the equipment (ROI) we consider the profit/saving it contributes over the cost of the equipment.
Currently we have a save to costs of $400000 (increases revenue) and a cost of $2500000.
Our current return on the asset is 400/2500 * 100 which equates to 16%.
Management requires a rate of return of 20% thus the intangible benefits need to make up 4%
we can determine the dollar value by determining 20% of the cost of equipment. 2500 * 20% = 500 ( using thousands, $ ' 000)
500 - 400 = 100.
The value of the intangible assets will be required to be $ 100 000.
If we add this into the ROI formula we now have 500 / 2500 * 100 = 20%.
Thus management's requirement is now met
With the six steps process that is expected for the workers
to do with interacting the customers, it could make the workers feel things
that would cause negative response such as seen above, like having frustrations
and gain no control for the job that is being done is monotonous. Because of
it, it would likely lead the workers to feel alienated or alienation, this
makes a person feel isolated or lonely that would make them feel that they don’t
belong with the job that they are taking on.
