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Vilka [71]
3 years ago
8

The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1 finished goods inventory balan

ce was $31,600, and the December 31 finished goods inventory balance was $24,200.
1. Cost of goods manufactured during the period was ________.

a. $288,800

b. $233,000

c. $225,600

d. $240,400
Business
1 answer:
VMariaS [17]3 years ago
8 0

Answer: d. $240,400

Explanation:

To calculate the Cost of Goods sold for the year we simply add the Opening Balance of Finished goods to the Cost of Goods for the year and then subtract the Finished goods balance at year end (ending).

That would be,

= 233,000 + 31,600 - 24,200

= $240,400

$240,400 is the Cost of Goods sold for the year so Option D is correct.

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One of the ways governments control capital inflows and outflows is by:
AVprozaik [17]

Answer:

Regulating imports or exports. (I Think )

Explaination:

Capital controls are established to regulate financial flows that go in and out of the capital account meaning, the capital controls and regulates the imports and exports.

8 0
2 years ago
Match the following definitons with appropriate options given in below:
Len [333]

Answer:

1. A graphical representation of the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices.

-Demand Curve

2. The amount of a good that buyers are willing and able to purchase at a given price.

-Quantity Demanded

3. The claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.

-Law of Demand

4. A table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices.

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Explanation:

5 0
3 years ago
A substitute is standing at the halfway line waiting to enter the match at the next stoppage of play. the ball has gone over the
lilavasa [31]

Yes, those who are not currently active in the game, even a substitute must wait until they are cleared to enter the game to take the throw-in. There are only a certain amount of players allowed to be on the court at any given time and therefor they must make sure the person they are substituting for has left.

6 0
3 years ago
Anna is a forensic scientist who still uses the methods used by Dr. Leone Lattes. How is this MOST likely demonstrated in Anna’s
Nikolay [14]
A is the answer took the test
4 0
3 years ago
Henrique​ Correa's bakery prepares all its cakes between 4 A.M.and 6 A.M.so they will be fresh when customers arrive.​ Day-old c
romanna [79]

Answer:

24.7215

Explanation:

Given;

Discount = 50%

Regular price, p = $8

cost of cake, c = $5

salvage value, s = 50% of $8 = $4

Mean = 20

Standard deviation, σ = 7

Now,

Underage cost, Cu = p - c

= $8 - $5

= $3

Overage cost, Co = c - s

= $5 - $4

= $1

P ≤ \frac{C_{u}}{(C_{u}+C_{o})}

P ≤  \frac{3}{(3+1)}

P ≤ 0.75

The Z value for the probability 0.75 is 0.6745

The optimal stocking level = Mean + ( z × σ )

= 20 + 0.6745 × 7

= 24.7215

7 0
3 years ago
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