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Pie
3 years ago
5

According to the Ending Inventory Report, how would you calculate the cost of Sales? Ending Inventory Report Administrative Sala

ries $ 100,000Amortization Expense $ 20,000 Beginning Inventory $ 75,000 Ending Inventory $ 60,000Office Supplies Expense $ 25,000 Purchases $ 125,000Travel & Entertainment Expense $ 5,000 A) 575,000 + 125,000 - 560,000 B) 5125,000 - 520,000 C) 575,000 + 125,000 - 560,000 + 520,000 D) 575,000 - 560,000 E) 575,000 + 125,000 - 560,000 - 520,000
Business
1 answer:
algol133 years ago
3 0

Answer:

A. $575,000 + $125,000 - $560,000

Explanation:

According to the ending inventory report, cost of sales would be calculated as follow;

Cost of sales = Beginning inventory + Purchase - Ending inventory

Cost of sales = $575,000 + $125,000 - $560,000

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C. 401k Plan would seem to e the best option 
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3 years ago
Which of the following would shift the long-run aggregate supply curve right? a. both an increase in the capital stock and an in
Nostrana [21]

Answer:

b. an increase in the capital stock, but not an increase in the price level.

Explanation:

In order to understand both short-run economic fluctuations and how the economy movement from short to long run, we need the aggregate supply and aggregate demand model.

An increase in the capital stock, but not an increase in the price level would shift the long-run aggregate supply curve right.

The long-run aggregate supply curve would shift rightward when immigration from foreign countries rises or technology improves.

When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports

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4 years ago
(Ignore income taxes in this problem.) Latting Corporation has entered into a seven-year lease for a building it will use as a w
zaharov [31]

Answer:

C. $26,689.46

Explanation:

Computation of the present value is

Annual payment × (PVIFA of 7 years, 6%)

Where PVIFA = (1-(1+r)^-n)/r

Where n= Number of period

r= Rate applied

PVIFA = 5.5824 (Kindly check attached picture for explanation

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5 0
3 years ago
A company produces very unusual CD's for which the variable cost is $ 17 per CD and the fixed costs are $ 30000. They will sell
Alika [10]

Answer:

Explanation:

Let we assume the number of CD produced be X

So, the total cost would be

C = Fixed cost + variable cost × number of CD produced

   = $30,000 + $17X

For total revenue, it would b

R = $63X

For total profit, it would be

P = Selling cost per CD  × number of CD produced - variable cost per CD × number of CD produced - fixed cost

= $63X - $17X - $30,000

= $46X - $30,000

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4 0
3 years ago
On October 31, 2015, the bank statement shows that your company has $12,956.73 in its checking account. You are aware of three o
seraphim [82]

Answer:

C. $11,498.73.

Explanation:

Solving this question, we will have to make use of this formula:

The Adjusted Bank Balance = Unadjusted Balance as per Bank Statement as at Oct 31, 2015 - Checks Outstanding

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Now,

Before the adjustment on the 31st of October, 2015,

The Cash account Balance = Adjusted Bank Balance + insufficient funds checks

= $10,844.54 - $654.19 = $11,498.73

Hence third option in the question is the correct answer.

4 0
3 years ago
Read 2 more answers
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