3 years ago

Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.

Business

1 answer:

Blizzard [7]3 years ago

6 0

Answer:

Detailed solution is given below in attached diagram:

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Question 19 A company just starting in business purchased three merchandise inventory items at the following prices. First purch

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Answer:

Answer is A. USD 80/-

Explanation:

Using FIFO costing, we get:

Gross Profit = Sales - Cost of Goods Sold

COGS (Cost of Goods Sold) for two units,

COGS = First purchase + Second purchase

COGS = $70 + $80

COGS = $150

Sales = $230

Calculating the Gross Profit:

GP (Gross Profit) = Sales - Cost of Goods Sold

GP = $230 - $150

GP = $80

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3 years ago

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a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250

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Answer:

since there is not enough room here I used an excel spreadsheet

Explanation:

Download pdf

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2 years ago

Google Ads was constructed around three core principles, focused on helping businesses reach their online potential. The first o

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Yes helpful information

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3 years ago

The maturity of most bank loans is short term. Bank loans to businesses are frequently made as 90-day notes which are often roll

maks197457 [2]

Answer:

A. True

Explanation:

Bank loans are generally short term for meeting the working capital needs, that depends upon the operating cycle of a company.

Usually that keeps on rotating and extending, as the banks keep on earning interest and the funds are usually not needed, this results in the constant support for business.

Further this facility is only provided to the clients who are performing good and that the clients are viable.

If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.

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2 years ago

What was the ratio of per capita income in each of the following countries to that in the United States in the year 2010:

svet-max [94.6K]

Answer:

For Countries (per capita) United States of America (per capita)

Ethiopia:

$380 $48,468

Mexico:

$9,271 $48,468

India:

$1,358 $48,468

Japan:

$44,508 $48,468

Explanation:

Ratio per Capita also known as Gross Domestic Product per Capita (GDP Capita) is the monetary measure of the market value of all the final goods and services produced in a specific time period within the country in view. It is useful for comparing national economies of different countries on the international market.

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3 years ago