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rjkz [21]
3 years ago
10

The following information pertains to the Packer Corporation. Calculate the cost of goods sold for the period:

Business
2 answers:
sweet [91]3 years ago
8 0

Answer:

B. $250,300.

Explanation:

We are asked to solve forthe amoung of cost of goods sold.

we add up the beginning FG and the manufactured goods

then we subtract the ending FG which represent the unsold amount

Cost Of Goods Sold

beginning Finished Goods           72,300

Cost Of Goods Manufactured <u> 246,300</u>

Total goods available for sale       318,600

ending FG                             <u>     -68,300</u>

Cost Of Goods Sold           250300

olga_2 [115]3 years ago
5 0

Answer:

$204,300

Explanation:

Cost of goods sold = Begining Finished Good Inventory + Cost of Goods Manufactured - Ending Finished Good Inventory

= 72,300 + 246,300 - 68,300

= $250,300

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qaws [65]

Answer:

C. What the program will ultimately cost the federal government

Explanation:

The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 was an attempt to make improvements or amendments to the Social Security Act.  It radically changed the playing field for private plans participating in the Medicare program by substantially raising monthly payment rates in an effort to stabilize the market and reverse the decline in benefit generosity.  It also provided for voluntary prescription drugs under the medicare program.  However, the utilization and cost of the program skyrocketed as soon as the funding source was established.  It has remained unknown what the program will ultimately cost the federal government, no wonder the current administration under Trump wants to turn it upside down.

3 0
3 years ago
Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The current market rate is
Leno4ka [110]

Answer:

$33,750

Explanation:

Given that

Bond per share = $750,000

Issued Amount = 9%

The computation of amount which is to be paid to the bondholders for every semi-annual interest payment is given below :-

Interest payment = bond per share × issued amount × (number of months ÷ total number of months in a year)

= $750,000 × 9% × 6 months ÷ 12 months

= $33,750

7 0
3 years ago
You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is
bekas [8.4K]

Answer:

10%

Explanation:

Cost of kiosk last year = $750

Cost of kiosk this year = $825

Percentage increase = $825-$750 / $750 * 100

Percentage increase = $75 / $750 * 100

Percentage increase = 10%

So the percentage increase in the cost of rent is 10%.

6 0
3 years ago
Suppose the government imposes a tax of 10 percent on the first $40,000 of income and 20 percent on all income above $40,000. Wh
yan [13]

Answer:

total tax liability = $6,000

marginal tax rate = 20%

Explanation:

total tax liability = ($4,000 x 10%) + [($50,000 - $40,000) x 20%] = $4,000 + $2,000 = $6,000

The marginal tax rate is the tax rate applicable to an additional dollar of income. Since the $50,000 income falls into the second bracket, the marginal tax rate is 20%.

8 0
3 years ago
Many workplace safety rules are created by which government agency?
77julia77 [94]
More than likely OSHA
8 0
3 years ago
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