The following below completes the question:
- Intake of Completed-Items Stock.
- Produced Goods Cost should be included.
- In other words, it's the same as "Done and Ready to Sell" products.
- Subtract the final stock of finished goods.
- Equals: Cost of Goods Sold.
This is further explained below.
<h3>What is the Cost of Goods Sold.?</h3>
Generally, the total amount that your firm spent on product sales is referred to as the "cost of goods sold." It might entail resale items, raw supplies, direct labor, or packing, depending on the company that you work for.
The thing that is being put up for sale is referred to as the product. A product might refer to either an object or a service. It may take the shape of anything tangible, virtual, or cyber. Every item has a price tag attached to it since it must be paid for during production.
In conclusion,
- Intake of Completed-Items Stock.
- Produced Goods Cost should be included.
- In other words, it's the same as "Done and Ready to Sell" products.
- Subtract the final stock of finished goods.
- Equals: Cost of Goods Sold.
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Answer: should buy less B and more A.
Explanation:
Price of good A, PA = $2
Price of good B, PB = $4
The marginal utility on the last unit of A, MUA is given as 16
The marginal utility on the last unit of B, MUB is given as 24
Then, the marginal utility on the last dollar spent on A will be:
= MUA/PA
= 16/2
= 8
The marginal utility on the last dollar spent on B will be:
= MUB/PB
= 24/4
= 6
Based in the above calculation, Thomson should buy less B and more A as the marginal utility on the last dollar that is spent on A is more than that of B.
The answer is 17 years and 6 months.
Let P=$289,416, A=$2,500, r=0.046 (4.6%), m=12 (monthly compounding) where i = r/m, and n be the time until you run out of money. Then, i=0.046/12 = 0.038333.Using the equation P = A + A{[1-(1+i)^(1-mn)]/i}, we can derive an equation for n.
Therefore, n = (1/m)*{1-[(log(1-(i*(P-A)/A)))/log(1+i)]}. This will give n = 17.516 years or approximately 17 years and 6 months.
The correct answer is Neutral stance
Answer: $972,900
Explanation:
The cost of land consists of the actual purchase price, and all other expenses that are necessary to make the asset ready for its intended use. In terms of land, all these expenditures can include title fees, unpaid taxes from previous years only (i.e. not current taxes), and other expenses need to physically prepare the land for use. The current taxes figure of $4,600 is not included here, as it is only owed during the current year, therefore normal accounting rules for taxes will apply. This figure will thus be treated as a liability until it is paid. The back taxes were aqcuired when the asset was aqcuired, and thus form part of the cost.
Old buildings that were on the land, may need to be teared down so that land can be utilised. The costs used to demolish the building also forms part of the purchase price. On top of that, to fully prepare the land for use the land may need to be landscaped and leveled. All these costs contribute towards getting the land ready for use, and are thus included in the cost. Sales made on any item related to the land, during the process when the land was still being processed for its intended use, will reduce the cost of the asset, and deduct this figure. This figure will fall under sales, which is an income to the business. The full calculation of the cost is as follows:
Purchase price: $910,000
Title insurance: + $2,400
Unpaid property taxes: + $8,300
Cost of removing building: + $45,900
Sale of salvaged materials: - $4,000
Level the land: + $10,300
Cost of land: = $972,900