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3 years ago

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

Business

1 answer:

gogolik [260]3 years ago

4 0

Answer:

b.$131,300.

Explanation:

Cost of Goods Manufactures = $129,800

Beginning Finished Goods Inventory = $22,500

Ending Finished Goods Inventory = $21,000

Cost of Goods Sold = Cost of Goods Manufactures + Beginning Finished Goods Inventory - Ending Finished Goods Inventory

Cost of Goods Sold = $129,800 + $22,500 - $21,000

Cost of Goods Sold = $131,300

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If the inflation rate is 15 percent. The real interest rate on this bond is:22%.

<h3>Real interest rate </h3>

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3 years ago

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3 years ago

When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cos

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3 years ago

On November 1, 20X1, a company signed a $200,000, 12%, six-month note payable with the amount borrowed plus accrued interest due

ozzi

Answer:

$8,000

Explanation:

The computation of the interest expense is shown below:

= Note payable × interest rate × number of months ÷ total number of months - Note payable × interest rate × number of months ÷ total number of months

= $200,000 × 12% × 6 months ÷ 12 months - $200,000 × 12% × 2 months ÷ 12 months

= $12,000 - $4,000

= $8,000

The 6 months is calculated from November 1, 20X1 to May 1, 20X2

And, the 2 months is calculated from On November 1, 20X1 to December 31,20X1

We assume the accounts are closed on December 31

Or we can do one thing also

Take the 4 months from Jan 1, 20X2 to May 1, 20X2

= $200,000 × 12% × 4 months ÷ 12 months

= $8,000

6 0

3 years ago