1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kozerog [31]
3 years ago
14

The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:

Business
1 answer:
Natalija [7]3 years ago
6 0

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

You might be interested in
Consider the production department of a manufacturer of laptop computers. Classify the cost of the factory maintenance manager's
Alisiya [41]

Answer:

c. Indirect

d. Fixed

f. Product

Explanation:

Cost of the factory maintenance manager's salary is a manufacturing cost. However, this manufacturing cost is an Indirect and fixed cost. Manufacturing costs are Product costs whereas Non-Manufacturing costs are Period Costs

8 0
3 years ago
The office of management and budget is one of the most powerful agencies in washington because it __________.
matrenka [14]
<span>This office manages the country's money. The budget is important because all of the government programs are given a certain amount of money in it. It must be followed so we have enough money to do what is needed in this country. Welfare, security and other important programs are in the budget.</span>
6 0
3 years ago
if my movie starts at 11:26 am but it takes 48 minutes to get there what time will it be when I get there
MrRissso [65]

Answer:

12:34

Explanation:

It will be 12:34 if you leave at 11:26

3 0
3 years ago
Read 2 more answers
1) When there is uncertainty in the marketplace, what happens to yield spreads and why?2) Why do venture capital companies often
Yuki888 [10]

Answer and Explanation:

1. When there is high uncertainty in the market, there will be high yield spreads. This is because the higher the risk the higher the profit or compensation for risk

2.preferred stock positions pay more consistent dividends that common stock positions and also pay higher than bonds.

3.Accelerated depreciation is depreciation method in accounting that deducts higher depreciation expenses in the early life of an asset therefore leaving the company to pay less taxes on these assets and more cash flow. Increased cash flow consequently encourages and leads to more investment

5 0
4 years ago
Company FIN3610-FTRA has a six-year project that requires an initial investment of $30,000. Every year, the project will pay fix
lara31 [8.8K]

Answer:

909.09

Explanation:

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

$20,000 / 58 - 36 = 909.09

4 0
3 years ago
Other questions:
  • A florist who has been in business for several years finds himself facing several problems simultaneously. First, he has a large
    11·1 answer
  • The following transactions were completed by the company.
    15·1 answer
  • Martha visits a departmental store and discovers that a box of exotic candles will cost her ten percent more than what she had p
    14·1 answer
  • Pinto Corp. sells $300,000 of bonds to private investors. The bonds have a 4% coupon rate and interest is paid semiannually. The
    5·1 answer
  • Recall that an exchange rate is the price of one currency in another. For example, it may take US $1.35 to buy 1 British Pound.
    8·1 answer
  • In the business buying process, the buyer and seller are often __________ one another. equally independent of less dependent on
    11·2 answers
  • From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of ans
    14·1 answer
  • It is now January 1, 2013, and you are considering the purchase of an outstanding bond that was issued on January 1, 2011. It ha
    15·1 answer
  • How would a strong u.s. dollar impact the trade of grain produced in the united states? quizzez
    5·1 answer
  • Current challenges in operations management include all of the following except:_________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!