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Fynjy0 [20]
3 years ago
12

Marigold Corp. sold goods with a total selling price of $809,700 during the year. It purchased goods for $390,100 and had beginn

ing inventory of $66,800. A count of its ending inventory determined that goods on hand was $59,000. What was its cost of goods sold
Business
1 answer:
Marysya12 [62]3 years ago
5 0

Answer:

The correct answer is $397,900.

Explanation:

According to the scenario, the given data are as follows:

Beginning inventory = $66,800

Total selling price = $809,700

Purchased goods = $390,100

Ending inventory = $59,000

So, we can calculate the cost of goods sold by using following formula:

Cost of goods sold =  Beginning Inventory + Purchases - Ending Inventory

= $66,800 + $390,100 - $59,000

= $397,900

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At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, no stock was issued and the comp
viva [34]

Answer:

$10,000

Explanation:

As provided no equity is issued, therefore,

Common stock + Net income = Stockholder's equity

We know common stock = $70,000

Further there might be some dividend paid, which shall be deducted from net income to compute total value of Stockholder's equity.

Therefore,

$70,000 + $18,000 - Dividend = $78,000

$88,000 - $78,000 = Dividend = $10,000

Therefore, dividends paid during the month = $10,000

5 0
3 years ago
Nielsen PRIZM uses ________ segmentation to classify every U.S. household as one of 66 unique market segments based on the belie
Gemiola [76]

Nielsen PRIZM uses Market Segmentation.  

Explanation:

Market division is the way toward isolating a market of potential clients into gatherings, or sections, in view of various qualities. The fragments made are made out of buyers who will react also to showcasing procedures and who share qualities, for example, comparable interests, needs, or areas.  

Market division makes it simpler for advertisers to customize their promoting efforts.  

By organizing their organization's objective market into divided gatherings, as opposed to focusing on every potential client exclusively, advertisers can be increasingly effective with their time, cash, and different assets than if they were focusing on buyers on an individual level.

Gathering comparable shoppers enables advertisers to target explicit spectators in a financially savvy way.   Market division additionally lessens the danger of a fruitless or ineffectual showcasing effort.

At the point when advertisers separate a market dependent on key attributes and customize their procedures dependent on that data, there is an a lot higher possibility of progress than if they somehow managed to make a conventional battle and attempt to actualize it over all sections.

7 0
3 years ago
Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales co
Aloiza [94]

Answer: The answer is Net income $180,000

Explanation:

All star Exposure

Monthly income Statement

$ $

Sales. 475,000

Less: Expenses

Sales commission 42,000

Technology cost 71,000

Research & Development cost 140,000

Selling Expenses 12,000

Administrative Expenses 30,000

---------------------

(295,000)

---------------------

Net income. 180,000

-----------------------

The All star income statement has no line item for cost of good sold because cost of good sold is a direct cost incurred by All star Exposure on the goods sold. it does not appear as part of the expenses in the income statement.

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3 years ago
If a competitive firm can increase its profits by increasing its output, then the firm's:
Basile [38]
If the firm can increase its profit by increasing its output then the firm is not producing at where the marginal cost is equal to the marginal revenue. A profit-maximizing firm in a competitive market will produce its output at the point in which MC=MR. 
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3 years ago
How did the long sunday holiday contribute to the collapse? check all of the boxes that apply. stockbrokers who still had profit
Bumek [7]
Stockbrokers who still had profits on their books were afraid that their profits would disappear.

Stockbrokers who had losses were afraid that those losses might get larger.

Investors decided to get out of the market. 

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3 years ago
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