Answer:
Gabel Inc.
The company's cost of goods sold for the month is:
$61,000
Explanation:
a) Data and Calculations:
Beginning inventory = $13,000
Purchases 63,000
Goods available for sale 76,000
less Ending inventory 15,000
Cost of goods sold $61,000
b) A company's cost of goods sold is the difference between the cost of goods available for sale and its ending inventory of merchandise. This implies that the company allocates the cost of goods available for sale (which is the function of the beginning inventory and the purchases made during the period) between the cost of goods sold and the cost of the ending inventory based on the inventory valuation method in use.
Evidence is usually more persuasive for balance sheet accounts when it is obtained as close to the balance sheet date as possible.
<h3>
What is a balance sheet?</h3>
An organization's assets, liabilities, and shareholder equity are displayed on a balance sheet, which is a financial statement. Balance sheets serve as the basis for determining investor return rates and evaluating a company's financial structure.
The balance sheet is a financial statement that provides a brief summary of a company's assets, liabilities, and shareholder investment. Balance sheets can be used in conjunction with other important financial data when doing basic analysis or generating financial ratios.
An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. The assets on the balance sheet are equal to the total of the liabilities plus the shareholders' equity. Financial ratios are computed using balance sheets by fundamental analysts.
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These food trends, including New Glocal, Vegan Alternative Recipes, Regenerative Food, and others, will influence the restaurant business in 2023. Vegan food items are significantly more expensive than veggies and other meat-based foods. Therefore, vegetarianism will slowly disappear.
<h3>What is a food trend?</h3>
Food trends are pervasive modifications in dietary patterns. Some of these tendencies show signs of enduring. Food trends are frequently discussed online and in periodicals that focus on cooking.
Pop culture, health fads, and other variables all have an impact on food trends. In fine dining, chefs frequently start new culinary fads that other restaurateurs imitate and adopt for their own menus.
The following are the top 5 food trends for 2022: food fusion, plant dominance, sustainable packaging, and limited yet inventive menus.
Thus, the food trend which will fade away in 2023 is Vegan food.
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Answer:
outstanding checks at the end of December = $14,748
Explanation:
Checks Written
November $53300
December <u>$72910</u>
<u>126,210</u>
Checks Presented
November $48776
December <u>$62686</u>
<u>1111,462</u>
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<u>126,210</u> - <u>1111,462 = 14,748</u>
