Sales $ 79,000 $ 65,000 $ 61,000 $ 57,000 $ 50,000 Cost of goods sold 75,900 50,100 49,800 40,200 30,000 Dollar amounts stated a
Natalija [7]
Answer:
This is a two part question and the answer is given in two separate headings.
Explanation:
<u>Trend Percentages</u>
Year 2021 2020 2019 2018
Sales* 58% 30% 22% 14%
Cost of Goods Sold** 153% 67% 66% 34%
*Sales is calculated by dividing the difference (between current Sales and Base Sales Year) by the Base Sale Year 2017 * 100. Example for 2018 the percentage is 14% [(57,000 - 50,000) / 50,000 * 100]. The same way other years have been calculated.
**Cost of Goods Sold has been calculated by dividing the difference (between current Cost of Goods Sold and Base Year Cost of Goods Sold) by the Base Year Cost of Goods Sold 2017 * 100. Example for 2018 the percentage is 14% [(40,200 - 30,000) / 30,000 * 100]. The same way other years have been calculated.
<u>Trends Favourable or Unfavourable</u>
It is noted that the trend is unfavourable for the five-year period. This is because the sales have been increasing but in comparison to the Cost of Goods Sold the rise is fairly slow. As shown in the above table where sales have increased by only 58% since its inception. However, the Cost of Goods Sold has increased rapidly and by the last trending year the rise in comparison to the base year 2017 was by 153%.
The statement is true. The costs attached to the products that have not been sold are included in ending inventory on the balance sheet.
The ending Inventory formula calculates about the value of goods available for sale at the end of an accounting period. Usually, it is used recorded in the balance sheet at a lower cost or the market value. It is also Known as Closing Stock. It includes the products getting processed or are being produced but not sold. The ending inventory figure is recorded under the assets column in a company's balance sheet. The value of the asset reflects about the current cost of goods held for sale in the future periods.
Learn more about Ending inventory
brainly.com/question/24868116
Answer:
124,300
Explanation:
Finished goods is the inventory which is completed during the period and is ready to be sold out. Finished goods is a part of available for sale inventory of a company. Crane corporations finished goods inventory on the year end December 31 is 124,300. This is calculated as follows,
Finished goods inventory = Beginning Work in process - Materials added - Ending work in process .
Finished goods inventory = $14,600 + $126,400 - $16,700
Finished goods inventory = 124,300
Answer:
Normative
Positive
Normative
Positive
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement , In some circumstances, if taxes are lowered,
government revenues actually increase, can be tested and it has it basis in economic theory
Normative economics is based value judgements, opinions and perspectives. For example, the statement - taxes are too high - is based on opinion. To some it is too high while to others it would be too low
Jax is reading an informational text that uses words and phrases like as a result of, due to, and consequently. Jax is reading about the conjunction.
<h3>
What is Conjunction?</h3>
- A conjunction, often known by the abbreviations conj or cnj, is a speech unit that joins the conjuncts of a conjunction, which are words, phrases, or clauses.
- There may be overlap between this description and that of other elements of speech, therefore it is necessary to specify what a "conjunction" is in each language.
- Depending on the sentence's grammar, a given word in English may have various meanings, including preposition or conjunction. For instance, the preposition after is a conjunction in "he departed after they battled," but a preposition in "he left after the fight."
- A conjunction is typically an unchanging (uninflected) grammatical particle that can stand between the conjoined items or not.
To know more about conjunction with the given link
brainly.com/question/3685906
#SPJ4
