1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and sold 12,000 units. The followi
WARRIOR [948]

Answer and Explanation:

The computation of the unit cost of goods manufactured is shown below:

<u>Particulars                  variable costing      absorption costing</u>

variable cost of             $108                     $108

goods manufactured  ($1,620,000 ÷ 15,000)

Fixed manufacturing

cost                                                         $14

                                           ($210,000 ÷ 15,000)

unit cost of goods

manufactured           $108                     $122

3 0
3 years ago
Synopsis:
Tpy6a [65]

Explanation:

This is a complex issue that may reflect on the organizational culture of that company. As a leader, it is necessary to understand the situation and listen to both parties in order to find a favorable solution for the company and the employees. Since Marshall's work is important to the company, firing him at first may not be a favorable decision, what the leader can do is provide feedback to him about his interpersonal relationship at the company.

As an effective leader, it is necessary to constantly monitor the work and the relationship between employees, in which case it is necessary to understand the reason for Marshall's behavior and try to change the parameters and procedures that may be facilitating this behavior. It is necessary for him to understand that despite being an effective worker, the company is an integrated system that must be in perfect synchronicity for it to be successful in the market.

What the leader could do in this case then is to try to change the code of organizational ethics, seek training and psychological assistance for Marshall if necessary, talk to the workers who are part of the conflict to understand the situation in the best way, to seek a work redesign. , etc.

4 0
3 years ago
This chart shows the link between interest in a product and the price a consumer pays.
mr Goodwill [35]

<u>Answer: </u>

The given chart shows the link between interest in a product and the price a consumer pays.

<u>Explanation: </u>

  • The more the interest a person has in a product, the more willing he is to pay any demanded price for the product.
  • On the other hand, if a person is not at all interested in a specific product, he would not buy it even if it is available at the cheapest price in the market.
3 0
3 years ago
Read 2 more answers
What is capital vocation​
nalin [4]

Answer:

A vocation is an occupation to which a person is specially drawn or for which they are suited, trained, or qualified. And since it is capital vocation I guess you just tie that definition into your capital and how that would work for your capital. I hope this helps. It was kind of difficult to find the answer. :) I wish you the best of luck! If you need any more help just ask!

8 0
3 years ago
BE16.15 (LO 5) Bedard Corporation reported net income of $300,000 in 2020 and had 200,000 shares of common stock outstanding thr
Verizon [17]

Answer:

$1.40 per share

Explanation:

The computation of the diluted earning per share is shown below:

Diluted earning per share = Net income ÷ weighted number of shares

where,

Net income is $300,000

And, the weighted number of shares is

= 200,000 shares + (45,000 options - 45,000 options × $10 ÷ $15

= 200,000 shares + (45,000 options - 30,000 options)

= 200,000 shares + 15,000

= 215,000 shares

So, the diluted per share is

= $300,000 ÷ 215,000 shares

= $1.40 per share

5 0
4 years ago
Other questions:
  • Next week, Super Discount Airlines has a fight from New York to Los Angeles that will be booked to capacity. The airline knows f
    11·1 answer
  • Fernstrom Corporation has two divisions: East and West. Data from the most recent month appear below: East West Sales $ 330,000
    15·1 answer
  • Michael Hamwey is a realtor. He organized the business as a corporation on August 16, 2017. The business received $65,000 cash f
    11·1 answer
  • When average total cost is at its minimum
    10·1 answer
  • For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to? adequate
    6·2 answers
  • You have an insurance policy with a $300 premium and a $500 deductabile. How much should you expect to pay the insurance company
    13·1 answer
  • A policy analyst was asked to evaluate current policy approach for subsidizing (i.e., providing financial assistance) child care
    11·1 answer
  • The cost of grading and spreading gravel on a curvy rural road is expected to be $300,000. The road will have to be maintained a
    14·1 answer
  • Media Literacy gives you the ability to do what? A. operate complicated technologies, B. Use media production tools to craft mes
    12·1 answer
  • It is likely that you won’t like the prospect of paying more money each month, but if you do take out a 15-year mortgage, you wi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!