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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

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VladimirAG [237]

Here, in the given case, Mort was offered a <u>line of credit </u>financial facility. Therefore, Option D is the correct choice.

<h3>What is a line of credit?</h3>

A line of credit is a versatile mortgage from a monetary group that includes a described amount of cash that you could access as needed and pay off both right now or over time. Interest is charged on a line of credit as quickly as money is borrowed.

The missing information in the question is given below:

A. revolving credit agreement.

B. asset guarantee pledge.

C. pledging agreement.

D. line of credit.

Therefore, Here, in the given case, Mort was offered a<u> line of credit </u>financial facility. Therefore, Option D is the correct choice.

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4 0
1 year ago
im was a crook. He embezzled $450,000 from his employer. When his employer found out about his misdeeds, before even conducting
Masja [62]

Answer:

Unless the company is 100% certain that it can prove Jim's misdeeds and has all the evidence to support their accusation, they should have waited for the police to act first before going to the newspaper. If their is the minimum chance that they cannot prove their accusations, Jim might be able to sue them for libel.

5 0
2 years ago
Barbara wanted to go into the long-distance trucking business. She bought a used tractor and trailer for $102,000. However, the
Norma-Jean [14]

Answer:

Basis in the tractor 78.000 and new trailer basis 30.000

Explanation:

The adjusted basis is referred to as the cost basis of the assets as reduced by  the cost recovery amount including the depreciation at the point of sale. Alternatively, the adjusted basis can be termed as the unrealized cost basis of the assets. The formula for the adjusted basis is:

Adjusted basis = cost basis - Cost recovery deductions

The adjusted basis for B's tractor and trailer is calculated as follows:

Adjusted basis for tractor = Cost of tractor

=102.000 - 24.000

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3 0
3 years ago
Managers at​ Flavors, a restaurant​ chain, train their employees such that in the absence of​ employees, someone trained in the
lutik1710 [3]

<u>Full question:</u>

Managers at​ Flavors, a restaurant​ chain, train their employees such that in the absence of​ employees, someone trained in the same skills can step in and do the job equally well.​ Thus, many modules in training are extensive as they provide employees with details of the skill sets required for different jobs. In​ practice, this lengthy training program does help the company as a​ well-trained and flexible workforce is at their disposal at all times. The managers at Flavors use​ ________.

A. job sharing

B. vertical enhancement

C. flextime

D. job rotation

E. telecommuting

<u>Answer:</u>

The managers at Flavors use​ job rotation

<u>Explanation</u>:

Job Rotation is an administration approach where employees are stirred within two or more jobs at fixed intervals of the chance to show them to all verticals of an association. It is a well-planned system to overcome the monotony of performing the same kind of job every day and examine the unknown potential of an employee.

By alternating their jobs, you improve balance the uncertainty of exhaustion. If an employee leaves you to hold other employees competent in reaching the left employee’s tasks.

3 0
3 years ago
You deposit? $200 in a savings account on january? 1, and the bank pays you interest of? $10 at the end of the year. during the?
marysya [2.9K]
12$ should be the answer
4 0
3 years ago
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