The answer to fill in the blank would be C) Self-evaluation.
Answer:
b. $120,100.
Explanation:
The movements in the Inventories account over a period is as a result of goods manufactured (which results in an increase in the account balance) and goods sold ( which results in a decrease in inventory).
As such,
let the cost of goods sold be F
$30,200 + $114,500 - F = 24,600
$30,200 + $114,500 - 24,600 = F
F = $120,100
The cost of goods sold is $120,100.
Answer:
Budgeted Production = 52910 units
Explanation:
The budgeted production should be enough to meet the yearly sales requirement plus provide enough inventory at the year end to cover for the required level of desired inventory. The opening inventory at the start of the year should be deducted to calculate the budgeted production.
Budgeted production = Sales + Closing Inventory - Opening Inventory
Budgeted Production = 51500 + 7410 - 6000
Budgeted Production = 52910 units
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Future value= 5,000*4= $20,000
i= 8%
number of years= 5 years
To calculate the present value of the investment, we need to use the following formula:
PV= FV/ (1+i)^n
PV= 20,000/ (1.08^5)
PV= $13,611.664
Answer:
The correct answer is option B.
Explanation:
A sole proprietorship is a business structure where there is only one owner of the business. The business and the owner are not a separate entity. The owner does not have to share profits but has unlimited liabilities.
The disadvantage is that debts of the business are owner's debts. But also all the profits goes to the owner. The owner is taxed only once as personal income tax.
