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Viktor [21]
3 years ago
7

Tuity Fruity Beverage​ Company's operating activities for the year are listed below. Purchases ​$140 comma 700 Operating expense

s 80 comma 400 Beginning inventory 12 comma 600 Ending inventory 19 comma 000 Sales revenue 300 comma 300 What is the cost of goods sold for the​ year?
Business
1 answer:
blsea [12.9K]3 years ago
3 0

Answer:

The cost of goods sold for the​ year is $134,300

Explanation:

The cost of goods sold for the​ year = Beginning inventory + Merchandise Purchased - Ending inventory

Tuity Fruity Beverage​ Company's purchases ​$140 comma 700 and has beginning inventory 12 comma 600, ending inventory 19 comma 000.

Therefore:

The cost of goods sold for the​ year = $12,600 + $140,700 - $19,000 = $134,300

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Ivanhoe Corporation issued $468,000 of 6% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023
max2010maxim [7]

Answer:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

Explanation:

May 1, 2020

Dr Cash $477,360

Cr Bonds Payable $468,000

Cr Interest Expense $9,360

(Accrued Interest = 468,000 x 6% x 4/12)

July 1, 2020

Dr Interest Expense $14,040

Cr Cash $14,040

(Bond interest expense = $468,000 x 6% x 6/12)

Dec 31, 2020

Dr Interest Expense $14,040

Cr Interest Payable $14,040

6 0
3 years ago
Harry has worked as a general manager at Gringard, a supply chain management firm, for eleven years of his professional life. Gr
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Answer:

C. He will most likely need to work variable shifts so that he can connect with all his team members.

Explanation:

He will most likely need to work variable shifts so that he can connect with all his team members.

5 0
2 years ago
_____ refers to the practice of ensuring that an organization's systems operate within required legal constraints, and organizat
NeX [460]

Compliance refers to the practice of ensuring that an organization's systems operate within required legal constraints, and organizational obligations.

<h3 /><h3>What is Compliance?</h3>

Compliance as used by Government,Industry and Business  is  defined  as the  state or practice of following  established guidelines or specifications so as to align with the Specific standard of operation and  procedures.

Some Regulatory compliance examples includes:

  • Health Insurance Portability and Accountability Act (HIPAA)
  • Federal Information Security Management Act (FISMA)
  • Occupational Safety and Health Administration (OSHA).

It is therefore pertinent that Business and organisation adhere to specific guidelines to ensure smooth running of such organsations.

See more about Compliance: brainly.com/question/10555177

4 0
2 years ago
Marigold reported the following information for the current year: Sales (59000 units) $1180000, direct materials and direct labo
Setler79 [48]

Answer:

Marigold break-even point  = 400,000 units

Explanation:

given data

Sales = 59000 units

direct materials = $1180000

direct labor = $590000

variable costs = $59000

fixed costs = $360000

solution

we get here Marigold’s break-even point in units that is express as

Marigold’s break-even point = Fixed Cost ÷ (Selling Price - Variable Cost)  .............1

Break Even Point = Fixed Cost ÷ Contribution Margin    ............2

so here

Contribution Margin will be = \frac{1180000 - (590000+59000)}{59000}  

Contribution Margin = $9

now put value in equation 2 we get

Marigold break-even point =  \frac{360,000}{9}

Marigold break-even point  = 400,000 units

3 0
3 years ago
Last year Apple charged $1,047,200 Depreciation on the Income Statement of Andrews. If Apple sold a fully depreciated piece of e
ruslelena [56]

If Apple sold a fully depreciated piece of equipment at a loss, the effect on Andrews's financial statements would be Decrease Net Cash from operations on the Cash Flow Statement

Explanation:

In case an equipment is sold by the company for a value less than the amount reported, the cash flow statement should be changed to net revenue.

When the cash flow report is first included, the decline of net income is an important factor which causes a decrease in retained earnings from operations for each period. Net revenue represents a business ' profits and expenditures over a given period and offers investors a summary of the business performance of a corporation.

6 0
3 years ago
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