The increases and decreases caused by business trasactions are recorded in specific accounts. tru or false

On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufact

irga5000 [103]

Answer:

Instructions are below.

Explanation:

Giving the following information:

beginning inventory= $505,700

Cost of goods manufactured= $290,900

Ending inventory= $485,300

Net sales= $759,200.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 505,700 + 290,900 - 485,300

COGS= $311,300

Now, we can determine the gross profit:

Gross profit= net sales - COGS

Gross profit= 759,200 - 311,300

Gross profit= 447,900

7 0

3 years ago

Jamal was recently hired as a sales representative for a pharmaceutical company. He notices that all the other sales reps "pad"

il63 [147K]

Answer: Conformity

Explanation: Ethics trap refers to the situation in which an individual finds difficult to assess what is morally correct for him or her and what is not.

Conformity refers to the ability of an individual to match the customs and beliefs of a group to mingle with that particular group.

In the given case, Jamal has been working in the company where all the members have been cheating on their accounts except for him. This urges Jamal to do the same for being a part of group.

Hence we can conclude that the correct option is C.

7 0

3 years ago

Patel is writing a persuasive message introducing a new brand of detergent into the marketplace. Patel does not intend to encour

tekilochka [14]

Answer: Marketing.

Explanation:

A Marketing message is a message on a product passed across to it's target market, that highlights the positive qualities of that product, the message is intended to positively influence consumers to buy the product. Patel's message is a Marketing message to members of his target market.

6 0

4 years ago

Question 6 of 10

Fiesta28 [93]

Answer: A

Explanation: Apex

5 0

3 years ago

Piper Corporation’s standards call for 3,900 direct labor-hours to produce 1,300 units of product. During October the company wo

kiruha [24]

Answer:

Standard hour will be equal to 3600 hours

Explanation:

We have given 3900 direct labor hours to produce 1300 units of the product

So standard hour per unit is $=\frac{3900}{1300}=3hour\ per\ unit$

Number of units produced is given = 1200 units

And standard hour per unit is 3 hour per unit

We have to fond the standard hours allowed for the October

So the standard hour will be equal to = 1200 ×3 = 3600 hour

4 0

3 years ago