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3 years ago

If the cost of goods sold is more than the cost of goods manufactured, then

Business

1 answer:

ivann1987 [24]3 years ago

8 0

Answer:

C. Finished Goods Inventory has decreased.

Explanation:

Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.

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A _____ is a form of business ownership that is considered to be separate from its owners or stockholders.

Yuliya22 [10]

I think it's freelance but I could be completely wrong

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3 years ago

Well over 50% of all projects fail. Research and discuss how the planning process plays an important role in the success or fail

BigorU [14]

Answer:

Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.

Explanation: The key in planning is to look at each of the knowledge areas below and make sure you and your team will address each of these areas in ways that will help reach all the end goals.

Communications

Costs

Human resources

Procurement

Quality of deliverables

Business requirements

Risks

Schedules

Project scope

Stakeholders

The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.

Often project planning is ignored in favor of getting on with the work. However, many people fail to realize the value of a project plan for saving time, money and many problems.

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3 years ago

Assume Shamrock estimates bad debts based on 5% of the Accounts Receivables ending balance (as of Dec. 31, 20x2). Determine Bad

a_sh-v [17]

Answer:

Bad Debt Expense for 20x2 is $50,245

Explanation:

Note: The full question is attached as picture below

Ending balance = Beginning balance + Sales on account or credit sales - Cash collected - Uncollected accounts

Beginning balance of Accounts receivable (given) = $850000

Credit sales in 20X2 = 80% * $3125000 = $2500000

Cash collections (given) = $2400000

Uncollectible accounts (given) = $52100

Ending balance = $850000 + $2500000 - $2400000 - $52100 = $897900

Allowance required to be made for 20X2 = 5% of Accounts receivables ending balance on 20X2 = 5% * $897900 = $44895

First we will write off uncollectible accounts of $52100 from the beginning balance of allowance for uncollectible accounts. (Beginning balance of allowance for doubtful accounts = $46750 ).

Difference = Beginning balance of allowance account - Uncollectible accounts = $46750 - $52100 = - $5350

It means that there is a shortfall of $5350 in the allowance for doubtful accounts. And, also a total of $44895 should be there in the credit of Allowance for doubtful accounts at the end of 20X2. Allowance needed in 20X2 = $44895 + $5350 = $50,245 . So, the Bad debt expense for 20X2 is $50,245.

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3 years ago

Please help, easy multiple choice question<br>whoops meant to put it in art

AVprozaik [17]

Answer: The answer that is correct is the last one, which is shape.

I hope this helped!

5 0

2 years ago

Read 2 more answers

Opponents of prohibition argued that doing this governmental regulations was contrary to basic constitutional values and consume

Lera25 [3.4K]

The opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.

<h3>What is the Moralizing regulation?</h3>

Basically, the term "Moralizing" means the action of commenting on issues of right and wrong, such as with an unfounded air of superiority or having an overly critical point of view on issues of right and wrong.

From the moral values, the government regulation can emphasizes respect for rules and ethical considerations as the rules are the supreme guarantor of morality, ethics, and justice.

However, the opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.

Because the government rules are the supreme guarantor of morality, ethics, and justice, then, the government should grant scheduled importance to the law along the way of earning decisions.