All categories

4 years ago

The cost of goods sold is calculated as follows:

Business

2 answers:

Mrrafil [7]4 years ago

4 0

Answer:

The answer is C. Both A and B.

Explanation:

Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good.

The cost of goods sold can be calculated as

Opening stock + Net purchases - Closing stock

Cost of goods available for sales - closing stock

Which translate to option A and B above.

svlad2 [7]4 years ago

3 0

Answer:

C. Both A and B.

Explanation:

The movement in the inventory account between the start of a period and the end of that period is as a result of sales and purchases.

Mathematically,

Opening Inventory + Purchases - cost of goods sold = Closing Inventory

As such,

Cost of goods sold

= Opening Inventory + Purchases - Closing Inventory

The sum of the opening inventory and the purchases gives the total inventory available for sale.

You might be interested in

The following data values represent the daily amount spent by a family during a summer vacation. find the sample standard deviat

Mama L [17]

The sample standard deviation of this dataset is =19.1.

The Standard deviation is a degree of the amount of variant or dispersion of a set of values. A low widespread deviation indicates that the values tend to be near the mean of the set, at the same time as a high widespread deviation indicates that the values are spread out over a much wider variety.

x x- \bar x=x-101 (x-ˉx)2

96 -5 25

125 24 576

80 -21 441

110 9 81

75 -26 676

100 -1 1

121 20 400

∑x=707 ∑(x-\bar x)=0 ∑(x-\bar x)2=2200

Mean \bar x =∑x/n

=96+125+80+110+75+100+121/7

=707/7

=101

Sample standard deviation S=√∑(x-\bar x)2/n-1

=√2200/6

=√366.6667

=19.1

Learn more about standard deviation here:-brainly.com/question/475676

#SPJ4

4 0

1 year ago

In the united states, the 401(k) plan or individual retirement account is a what kind of plan ?.

Delicious77 [7]

It is a retirement plan

4 0

3 years ago

Read 2 more answers

Food Packaging, Inc., agrees to sell 50,000 6-ounce yogurt containers to Golden Dairy Company. Food can obtain only 20,000 of th

posledela

Answer:

Option C.

Explanation:

From the scenario presented above, Golden is not in any way liable for the inability to supply the total quantity of the 6-ounce yogurt containers, therefore, Golden can choose to reject the delivery of the 8-ounce containers.

Also, Golden can give Food Packaging a reasonable amount of time to enable them replace the containers, of Golden is not in a hurry to begin production and packaging.

5 0

3 years ago

Which part of the purchasing process includes the sum of money due in

nataly862011 [7]

Explanation:

it is a document given by the supplier,which contains

information on the quality,PRICE of goods sold

also date

well this is what ik,so hope it helps ig

3 0

3 years ago

Perpetuities are also called annuities with an extended or unlimited life. Based on your understanding of perpetuities, answer t

Ad libitum [116K]

Answer:

The current value of a perpetuity is based more on the discounted value of its nearer (in time) cash flows and less by the discounted value of its more distant (in the future) cash flows.

Explanation:

The perpetuities can becalculate as follow

C/rate = Perpetuities

the reasoning behind this formula:

$C * \frac{1-(1+r)^{-time} }{rate} = PV\\$

If we calculate limit whe ntime is infite,

because at more time 1 + r gets closer and closer to 0

we get on the dividend

1 - 0

So we have C x 1/i = C/i

Next part would be why the first cash flow is more relevant than the subsequent cash flow:

$\frac{Principal}{(1 + rate)^{time} } = PV$

Here if time increases, then the divisor get closer to ∞ so we have

P ( a constant) /∞ = 0

So the first cashflow is more relevant than the more distant cash flow

8 0

3 years ago