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4 years ago

9

Last year, Sams swimming pool cleaning had a gross profit of $105,355 and net income of $72,010. Calculate sams operating expens

es for last year.
A.3,335
B.33,345
C.17,734
D.177,345

1 answer:

Sindrei [870]4 years ago

6 0

The answer is B. You subtract the profit and income and you should get 33,345.

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Calculate ending inventory and cost of goods sold for 2015, assuming the company uses specific identification. Actual sales by t

Zielflug [23.3K]

Answer:

The value of closing inventory is $3,500

Cost of goods sold $40,670

Explanation:

The two tasks here is to compute the value of closing inventory and the costs of goods sold during the year.

The fact that all opening inventory units were sold and that 230 units out of 250 units bought on May 5 leaves 20 units of that batch inventory in closing inventory.

Also, 20 units of 200 units bought on November 3 in inventory since 180 units were already sold.

Hence the value of closing inventory is computed thus:

May 5 20*$85=$1,700

Nov 3 20*$90=$1,800

Total $3,500

The costs of goods sold are is computed thus:

Opening inventory 60*$82 $4,920

May 5 230*$85 $19,550

Nov 3 180*$90 $ 16,200

Total $40,670

7 0

3 years ago

An example of technological change is A. a firm rearranging the layout of a retail store to increase sales. B. a firm's workers

pashok25 [27]

Answer:

D. both a and b

Explanation:

There are 3 stages to technological change:

1. Invention - this is when new technology is created or invented.

2. Innovation - this is application of new invention

3. Diffusion - diffusion is when knowledge and use of new technology spreads. Training is one of the ways through diffusion can occur. Therefore , training is an example of technological change.

I hope my answer helps you

4 0

3 years ago

Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The

nexus9112 [7]

Answer:

The correct answer is $177,955.

Explanation:

According to the scenario, the computation of the given data are as follows:

Capital in excess of par account = $74,500

Common stock = $85,000

Retained earning = $141,500

So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:

Capital after Dividend = Balance sheet amount of Capital + ( Issued additional share × Capital in excess of par per share )

Where,

Issued additional share = 11% × $85,500 = 9,405

And Capital in excess of par per share = $12 - $1 = $11

By putting the value, we get

Capital after dividend = $74,500 + ( 9,405 × $11)

= $74,500 + $103,455

= $177,955

8 0

3 years ago

Partnership incurred $15,000 of organizational costs and $75,000 of startup costs in 2011. JKL may deduct $5,000 each of organiz

barxatty [35]

Answer:

False

Explanation:

The cost incurred to startup the business before realization of benefit from the business is called startup cost.

On the other hand organization cost ia a cost which is incurred to organize the business operations.

Startup cost can be amortized over a specific period of time. But the organizational cost is charged when it is incurred, it can not be amortized.

8 0

3 years ago

An adjustment factor is determined by:

PtichkaEL [24]

Answer:

An adjustment factor is determined by the 'Valuer-General'

Explanation:

adjustment Factors are resolved for all properties inside a civil territory. The Valuer-General may decide Alteration Factors for characterized classes of property on a district, territory, or group of localities basis within a premise inside a city territory. These are applied to government valuations currently in force.

In occurrences where a revaluation is being completed inside a metropolitan region, utilization of Adjustment Factors won't be fundamental as the revaluation itself will be utilized by the applicable experts in the figuring of rates and expenses.

4 0

4 years ago