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RUDIKE [14]
4 years ago
9

Worth Company reported the following year-end information: beginning work in process inventory, $180,000; cost of goods manufact

ured, $816,000; beginning finished goods inventory, $252,000; ending work in process inventory, $220,000; and ending finished goods inventory, $264,000. Worth Company's cost of goods sold for the year is:__________.
a. $804,000.
b. $828,000.
c. $776,000.
d. $552,000.
Business
1 answer:
Hunter-Best [27]4 years ago
8 0

Answer:

a. $804,000

Explanation:

Preparation of Worth Company's cost of goods sold for the year

Cost of goods manufactured $816,000

Add Beginning finished goods inventory $252,000

Less Ending finished goods inventory ($264,000)

Cost of goods sold $804,000

Therefore Worth Company's cost of goods sold for the year is: $804,000

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Nana76 [90]

Answer:

Course cost netxt year: 919.8

Perpetuity fund  at 6% return: 24,205.27

Perpetuity funds at 8% return: 15,858.63

Explanation:

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it grows at 2.2% per year

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The cost of the couse for next year will be:

900 x (1+2.2%) = 900 x 1.022 = 919.8

The perpetuity will be calculate as follow:

\frac{cost}{return-growth} = Perpetuity

\frac{919.8}{0.06-0.022} = Perpetuity

Perpetuity fund: 24205.26316

Ifthe return is for 8% per year:

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Perpetuity funds: 15858.62069

8 0
3 years ago
Privett Company
aleksandrvk [35]

Answer:

$130,032

Explanation:

Calculation to determine the amount of quick assets

Using this formula

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Let plug in the formula

Quick assets=$74,771+$24,116+31,145

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Therefore the amount of quick assets is $130,032

7 0
4 years ago
Why were the British able to crush the revolt​
Talja [164]

Answer: they saw through their plans

5 0
3 years ago
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Is it possible for a firm to become too big to be competitive and earn profit?
Usimov [2.4K]
The answer is yes.
 Its possible for a firm to become too big to be competitive and earn profit. They can be so large and successful that they no longer compete with small businesses anymore and might inhibit the ability to continue earn their profit. 

6 0
4 years ago
What is the proper adjusting entry on December 31, the end of the accounting period, if the balance in the prepaid insurance acc
aleksandrvk [35]

Answer:

The proper adjusting entry on December 31 is, D. Debit Insurance Expense, $4,700; credit Prepaid Insurance, $4,700.

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The entry of prepaid insurance made earlier was $8,150 and on December 31, it was calculated that the unexpired amount of insurance was $3,450. So first we will calculate the amount of prepaid insurance which has been expired,

$8,150 -  $3,450 = $4,700

To record the expired prepaid insurance, we will first debit prepaid insurance expense with $4,700 and then credit prepaid insurance with $4,700.

Prepaid Insurance is an asset and it will decrease by a credit of $4,700, so that the remaining balance in prepaid insurance account is $3,450 which is the remaining unexpired prepaid insurance.

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4 years ago
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