Answer:
Ending Inventory $ 64,000
Explanation:
To define the final inventory of the company it's necessary to find the cost of good of the period.
As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.
Total Sales Revenue had to be the net value after returns and discounts as it's detailed.
Income Statement
Sales revenue $ 300,000
Cost of goods sold -$ 171,000
Gross Profit $ 129,000 43%
Beginning Inventory $ 60,000
Purchases $ 175,000
Cost of goods sold -$ 171,000
Ending Inventory $ 64,000
That statement is true
A team or a group usually formed based on one similar goals or point of views among the members and a lot of them set up a couple of rules to be imposed among their members to prove that they're committed to the group and its cause.
<h2>
Answer:</h2>
<h3>Predatory lending typically refers to lending practices that impose unfair,selective, or abusive loan term on borrowers.</h3>
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Explanation:</h2>
<h3>Hope It's Help</h3>
<h3>#Carry On Learning</h3>
Answer:
FV= $17,701.6
Explanation:
Giving the following information:
Annual deposit (A)= $5,800
Interest rate (i)= 5.2%
<u>To calculate the future value after the third deposit, we need to use the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800
FV= $17,701.6
Answer:
See below
Explanation:
The job description is a document that shows the duties, responsibilities, and skills to perform a specific role. For example;
<u>Negotiate insurance settlement- </u><u>Claim adjuster</u>
The claim adjuster gathers reports and facts to the insurer.
<u>Certifies the financial record of the business-</u><u> Auditor</u>
An auditor ensures the reports and records are well examined in an organization. He or she verify the assets and liabilities.
<u>Help a company build a positive image in the media-</u><u> Public relation specialist.</u>
Public relations help in building trust and creating awareness about the organization.
<u>Negotiates the rates for transportation of goods- </u><u>Cargo and flight agent</u>
cargo and flight agents ensure that shipments are delivered on time, and fees are collected.
