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Mariana [72]
4 years ago
13

Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inven

tory was $10,000 and cost of goods sold was $50,000, how much would Kushman report for cost of goods manufactured? a) $60,000 b) $40,000 c) $10,000 d) $70,000
Business
1 answer:
Dominik [7]4 years ago
4 0

Answer:

I would say A or b

Explanation:

if it cost them 10,000

and they sold for 50,000 they would need to reinventory. but first count max out cost and spendings for goods hope this helps

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Deflation occurs when A. there is a sustained increase in the price level. B. there is a decrease in the expected rate of inflat
Katen [24]

Answer:

D) there is a decline in the price level.

Explanation:

Inflation refers to an increase in the general price level of a country, while deflation is exactly the opposite. Deflation represents a decrease in the general price level of a country. They are both calculated the same way, only that inflation is much more "famous" and notorious since it happens very oftenly, while deflation is very rare.

But that doesn't mean that deflation is good, since it generally represents an economic decline or recession. A low inflation rate is a sign of a healthy economy because it shows that the economy is growing.

6 0
3 years ago
Read 2 more answers
On a particular risky investment, investors require an excess return of 7 percent in addition to the risk-free rate of 4 percent
Finger [1]

Answer:

Risk Premium

Explanation:

The Excess rate received over the risk free rate to a investor who invested in a risky asset is known as Risk premium. The concept of High Risk High Reward and Low Risk Low Reward applicable here. As in risky investment the investor is exposed to the risk of loss so, he/she requires some extra return for this exposure. Investing in risk free rate is much safer than in a risky investment.

5 0
3 years ago
The blurring of the lines separating the subsets of the financial industry started in the:
siniylev [52]
<span>The blurring of the lines separating the subsets of the financial industry started in the 1950s. 
</span>The products and services in 1950 were primarily loans, deposits, payment services, savings products, fiduciary services. By 2010, products and services further expanded to include <span>Off-Balance Sheet activities, f</span><span>inancial guarantees,</span><span>derivatives.</span>
7 0
3 years ago
g how much will 5500 invested at the end of each year grow in three years, assuming a interest rate of 11%
Dmitriy789 [7]

Answer:

FV= $17,105

Explanation:

Giving the following information:

Annual investment= $5,500

Interest rate= 11%

Number of periods= 3

I will assume that the annual deposit is at the end of the year.

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,500*[(1.11^2) - 1]} / 0.11 + 5,500

FV= $17,105

5 0
3 years ago
A company's financial records at the end of the year included the following amounts: Cash $70,000 Accounts Receivable 28,000 Sup
riadik2000 [5.3K]

The income statement for the year will show a net income of 87,000 during the financial year.

<h3>What is net income?</h3>

In business, net income refers to the amount of money left over after all expenditures have been paid, such as salaries and wages, the cost of items or raw materials, and taxes.

Net Income = Gross Profit — Operating Expenses — Other Business Expenses — Taxes — Interest on Debt + Other Income

Given:

Cash = $70,000

Accounts Receivable =28,000

Supplies= 4,000

Accounts Payable = 10,000

Notes Payable = 5,000

Retained Earnings, beginning of year = 17,000

Common Stock=  40,000

Service Revenue=  53,000

Wages Expense=  8,000

Advertising Expense  =  5,000

Rent Expense  = 10,000

so, the Net income during the given period will be :

NI = total revenue-total expenses

=1,02,000-15,000

=87,000

learn more about Net income:

brainly.com/question/13561878

#SPJ1

4 0
2 years ago
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