Answer:
The cost of goods sold is $4,800
Explanation:
Given,
Beginning Inventory = $1,000
Ending Inventory = $1,200
Cost of goods manufactured = $5,000
Cost of goods sold = Beginning Inventory + Cost of goods manufactured - Ending Inventory.
Cost of goods sold = $1,000 + $5,000 - $1,200
Cost of goods sold = $4,800
Answer:
B) the sale of goods to a customer.
Explanation:
When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.
For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:
Account Debit Credit
Cash $1,200
Sales Revenue $1,200
Cost of Goods Sold $1,000
Finished Goods Inventory $1,000
The where’s the picture !!
Answer:
The intrinsic value per year would be $52.5
Explanation:
We use the gordon model for stock valuation:
current year dividends dividends x (1 + rgowth) = next year dividends
$2 * ( 1 + 0.05 ) = 2.10
then:
rate = 0.09
growth = 0.05
2.10/(0.09-0.05) = 52.5
