1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksenya-84 [330]
3 years ago
5

A sporting equipment store expects to purchase $7,800 of ski boots in October. The store had $3,800 of ski boots in merchandise

inventory at the beginning of October, and expects to have $2,800 of ski boots in merchandise inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October?
Business
1 answer:
Maksim231197 [3]3 years ago
5 0

Answer:

Cost of goods sold = $8,800

Explanation:

<em>The cost of goods is represents amount incurred to make available  what has been sold. It is computed as follows:</em>

<em>Cost of goods sold = opening stock + purchases - closing inventory</em>

It is useful to determine the cost of goods so as to calculate the gross profit margin. The gross profit is the sales revenue less cost of goods sold.

So we can compute same for the sporting equipment store as follows:

Cost of goods sold = 3,800 + 7,800 - 2,800

= $8,800

Cost of goods sold = $8,800

You might be interested in
"Sherry says, "All the paperwork is filled out wrong. We have to do everything over again." June replies, "No, I see at least th
Zolol [24]

This statement June advances an inductive argument is know to be true from what is presented above

Explanation:

A strong argument is an inductive reasoning that is meant to be strong enough to make it impossible for the conclusion to have been false whether the premises were correct.

Therefore, success or effectiveness of an inductive argument is, unlike deductive argument, a matter of perspective.

Inductive arguments should take vast forms. Some people have the form of making claims on a population or only based on information from either a sample, a subset. Some mediated arguments draw conclusions through an appeal, authority or causal relationship.

6 0
3 years ago
Rising unemployment levels tend to stifle demand for goods and services, which can have the effect of forcing prices downward is
Yuki888 [10]

Answer:

This is called deflation.

Explanation:

Deflation refers to the situation when there is a decline in the general price level, it causes the economy to slow down. It generally happens because of a reduction in the money supply.  

The nominal costs of goods and services, labor, capital, etc. decline. But the relative prices, generally remain the same. '

The decline in price is not good for everyone and adversely affects producers.  It is also harmful to borrowers. The decline in the price level increases the purchasing power of money.

5 0
3 years ago
If a corporation is found guilty of committing a crime and assessed a fine, who typically ends up being punished?
Afina-wow [57]

Answer:

Option (A)

Explanation:

If a corporation is found guilty of committed a crime. Then the corporation likely to face a hefty fines for committing a crime. This means the owners of the corporation and its stake holders are responsible for this crime if any of the employee of the corporation commits a crime. Hence at last the owners of the corporation and the stake holders are end up being punished.

5 0
3 years ago
Why is cash flow important to government entities? How does an administrator plan for cash flow? What tools are available for th
vodka [1.7K]

Answer:

Cash flow is important to government entities because:

As with non-government entities, cash flow is important to government organizations because it is required for the operations of any organization regardless of whether they are government-owned or not, for-profit or not.

The measurable difference in the cash balance of any organization from one period to the next is referred to as Cashflow. No business or entity can continue operations if they keep taking out or spending more cash than they can make.

An administrator can plan for cash flow using a Cash Flow Planner.

This can take the form of a simple excel spread sheet  with one column showing on one side all the monies that one is expecting to come in (Account Receivables) and an adjacent column showing all the monies one is expecting to pay out (Account payables).

At the bottom of the excel, you can show the bank balance.

There are specialised apps that help perform this function. An example would be Quickbooks, Planware, Cash Flow Planner, etc.

Cheers!

6 0
3 years ago
"Bronson Manufacturing is planning to issue $12 million in bonds. Based on a poll of potential investors, they have the highest
telo118 [61]

Answer:

C.eight-year bond with 5.5% annual interest rate

Explanation:

The computation of the total options under each option is as follows:

As we assume the par value be $1,000

For Option A

Total interest

= 9.5% × $1,000 × 3 years

= $285

For Option  B      

Total interest is

= 7.25% × $1,000 × 4 years

= $290

For Option C

Total interest is

= 5.5% × $1,000 × 8 years

= $440

For Option D

Total interest is

= 6% × $1,000 × 6 years

= $360

As we can see that the option C contains high value of the total interest. So the same is to be selected

6 0
2 years ago
Other questions:
  • A restaurant at a popular Colorado casino provides priority service to player’s card holders. The restaurant has 10 tables or bo
    10·1 answer
  • This question tests your knowledge of what activities are included in calculating GDP. Decide for each item whether it is part o
    11·1 answer
  • A lawyer collected $720 of legal fees in advance. He erroneously debited Cash for $270 and credited Service Revenue for $270. Th
    8·1 answer
  • Explain whether the Statement of Cash Flows is able to illustrate the ‘liquidity’ of an entity to its users and provide ONE reco
    10·1 answer
  • What is the periodicity assumption? Companies should recognize revenue in the accounting period in which services are performed.
    12·1 answer
  • A team consists of employees from the same department who meet for a few hours each week to discuss ways of improving the work e
    9·1 answer
  • Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produc
    13·1 answer
  • Ok. if a person had a 1-7 IQ would you still date them?
    5·1 answer
  • ░░░░░▐▀█▀▌░░░░▀█▄░░░ ░░░░░▐█▄█▌░░░░░░▀█▄░░ ░░░░░░▀▄▀░░░▄▄▄▄▄▀▀░░ ░░░░▄▄▄██▀▀▀▀░░░░░░░ ░░░█▀▄▄▄█░▀▀░░ ░░░▌░▄▄▄▐▌▀▀▀░░ ▄░▐░░░▄▄░█░
    12·1 answer
  • Which of these describes one function of a household in the economy? buys finished products sells finished products taxes finish
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!