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zhuklara [117]
4 years ago
14

Baco opens its business in 20x2 and purchases merchandise on account for $88000. In 20x2, baco pays $67000 cash on the $88000 du

e, sales are $145000 and ending inventory is $24000. Baco gross profit for 20x2 is?
Business
1 answer:
FrozenT [24]4 years ago
5 0

Answer:$81,000

Explanation:

Sales is $145,000

Less:

Cost of goods sold is purchases less closing inventory

$88,000 - $24,000

= $64,000

Gross profit = $145,000 - $64,000

= $81,000

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Evgen [1.6K]

Answer:

the total cost to be accounted for under the weighted-average method would be: $172,000

Explanation:

Hint : Total Cost of Inputs must equal Total Costs of Outputs

<u>Total Cost To be Accounted for is calculated as follows:</u>

Cost of Ending Work in process Inventory                         $21,000

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Total Cost To be Accounted for                                        $172,000

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3 years ago
A bank reconciliation is a(n) ______. Multiple choice question. internal report prepared to verify the accuracy of the voucher s
Rzqust [24]

A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.

Bank reconciliation is the way in which the bank  balance is compare with cash balance in order to detect and rectified  any discrepancies or error.

Important of Bank reconciliation includes:

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•It help to verify the accuracy of both the bank balance and the cash balance.

Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.

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6 0
3 years ago
Productivity is the Blank______ at which goods and services are produced based upon total output given total inputs. Multiple ch
Tomtit [17]

Productivity is the "rate" at which goods and services are produced based upon total output given total inputs.

<h3>What is rate pf productivity?</h3>

In economics, productivity is the ratio of output to input, such as labour, capital, or any other resource. It is frequently determined for the economy as a ratio of hours worked to gross domestic product (GDP).

Labour productivity is calculated by the formula-

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The residual of any discrepancy between the rate of output growth and the rate of input growth is used to calculate productivity growth.

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Which of the following is NOT a way in which a salesperson can steal from the<br> company?
Kipish [7]

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