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Svetradugi [14.3K]
3 years ago
8

At the beginning of September 2018, Sheffield Company reported Inventory of $7800. During the month, the company made purchases

of $35000. At September 30, 2018, a physical count of inventory reported $8100 on hand. Cost of goods sold for the month is $35300. $42800. $34700. $35000.
Business
1 answer:
bulgar [2K]3 years ago
3 0

Answer:

$34,700

Explanation:

Data provided

Beginning inventory = $7,800

Purchase = $35,000

Closing inventory = $8,100

The computation of Cost of goods sold for the month is shown below:-

Cost of goods sold = Beginning inventory + Purchase - Closing inventory

= $7,800 + $35,000 - $8,100

= $42,800 - $8,100

= $34,700

Therefore for computing the cost of goods sold we simply applied the above formula.

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Suppose the economy is operating at an output of $4,000 billion. Assume furthermore that potential output is $5,000 billion and
motikmotik

Answer:

The correct answer is $250 billion.

Explanation:

An economy is operating at an output level of $4,000 billion.  

The potential output level is $5,000 billion.  

The marginal propensity to consume is 0.75.  

The recessionary gap is

= $5,000 billion - $4,000 billion

= $1,000 billion

ΔY = \frac{1}{1-MPC}\times \Delta G

$1,000 = \frac{1}{1-0.75}\times \Delta G

$1,000 = \frac{1}{0.25}\times \Delta G

$1,000 = 4 \times \Delta G

ΔG = \frac{1,000}{4}

The change in income required to correct this recessionary gap is $250 billion.

7 0
3 years ago
The decision by shoe store owners to fix their prices will result in consumers paying _____ prices. lower higher the same
Anon25 [30]

Answer:

Higher prices

Explanation:

Fixed prices are associated with higher prices for consumers

7 0
3 years ago
Read 2 more answers
Your younger sister is just starting high school, and 4 years from today she should be entering college. Your father plans to st
Gre4nikov [31]

Answer:

$29,908.26

Explanation:

The formula for calculating future value:

FV = P (1 + r) nm

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P = Present value  

R = interest rate  

m = number of compounding

N = number of years  

Present value value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow from year 0 to 3 = 6000

I = 9%

PV = 21,187.77

FV = 21,187.77 X (1,09)^4

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

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3 0
3 years ago
A partnership is a form of corporation.<br> True or False?
Oksanka [162]
No, the answer is False
6 0
2 years ago
At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following informatio
baherus [9]

Answer:

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Direct material         $5,670          $8,900

Direct labor              $3,500          $4,775

Overhead                 $5,400          $8,800

                                (27*200)        (44*200)

Total Job cost          $14,570        $22,475

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Job 766 = $22,475/250 units

Job 766 = 89.90

8 0
3 years ago
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