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maks197457 [2]
3 years ago
5

Tulsa Company, (a merchandising Co.) has the following data pertaining to the year ended December 31, 2016: (CPA adapted) Purcha

ses $450,000 Beginning inventory 170,000 Ending inventory 210,000 Transportation-in 50,000 Delivery expense 75,000 What is the cost of goods sold for the year?
Business
1 answer:
Paha777 [63]3 years ago
5 0

Answer:

The cost of goods sold for the year is $460,000.

Explanation:

The value of purchases is given at $450,000.

The value of beginning inventory is given at $170,000.

The value of ending inventory is given at $210,000.

Transportation in is $50,000.

The value of delivery expense is given at $75,000.

The cost of goods sold for the year

=The value of purchases+The value of beginning inventory+Transportation in-The value of ending inventory

=$450,000+$170,000+$50,000-$210,000

=$460,000

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When a corporation sells all or substantially all of its assets to another corporation, generally,
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Answer:

a. a majority of both shareholders and directors must approve.

Explanation:

Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy

  • The Board of directors first have to propose a resolution regarding disposition which has to be approved
  • Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.
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In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.

4 0
3 years ago
One year ago, you purchased a stock at a price of $43.20 per share. The stock pays quarterly dividends of $.18 per share. Today,
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Answer:

Capital gain = $2.16

Explanation:

The return on equity is the sum of the dividends earned and capital gains made during the holding period of the investment.  

Dividend is the proportion of the profit made by a company which is paid to shareholders.  

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.  

Therefore, capital gain  as follows:  

Capital gain = $45.36-43.20

Capital gain = $2.16

8 0
3 years ago
Individuals who want to work, but have given up searching for a job because of limited prospects, are known as.
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Individuals who want to work, but have given up searching for a job because of limited prospects, are known as discouraged workers.

<h3>Who are discouraged workers?</h3>

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To learn more about unemployment, please check: brainly.com/question/10940465

6 0
2 years ago
The following items are taken from the financial statements of Cullumber Company for 2022:
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Answer:

                                          Cullumber Company

                                          Balance Sheet

                                          As at 2022

Explanation:                      Amount in $

Current Assets

Accounts Receivable           12,500

Cash                                      13,000

Prepaid Insurance                  6,600

Supplies                                  4,600

Total Current Assets            36,700

Non-Current Assets

Equipment (225,000-36,900)  188,100

Total Assets                            <u>  </u><u>224,800</u>

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable                10,600

Notes Payable                      65,000

Salaries Payable                      3,900

Total Current Liabilities           79,500

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Dividends                                   (16,000)

 Total Equity                              145,300

Total Liabilities & shareholders' equity    <u>224,800</u>  

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4 years ago
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<span>Market segmentation is the process of dividing a larger market into smaller groups (segments). </span><span>Marketers segment broad markets into smaller target segments based on a variety of</span> based on meaningfully shared characteristics.
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