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Afina-wow [57]
3 years ago
6

If beginning inventory is $60,000, cost of goods purchased is $380,000, sales revenue is $800,000 and ending inventory is $50,00

0, how much is cost of goods sold under a periodic system
Business
1 answer:
marysya [2.9K]3 years ago
6 0

Answer:

$390000

Explanation:

Given: Beginning inventory= $60000

          Cost of goods purchased = $380,000

          Sales revenue= $800000.

          Ending inventory= $50000.

The Periodic inventory system is used to determine the amount of inventory available at the end of each accounting period.

Cost of goods sold= beginning\ inventory+ cost\ of\ goods\ purchased- ending\ inventory

⇒ Cost of goods sold= 60000+380000-50000

⇒ Cost of goods sold= \$ 440000 - \$ 50000

∴ Cost of goods sold= \$ 390000.

Hence, $390000 is the cost of goods sold under a periodic system.

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Answer:

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To successfully implement the new system, The leader needs to get his team mates' buy-in by helping them see the impact of the change on the business and how the change impacts their jobs and also emphasize their role in making the change happen successfully

With this style the leader:  

1) is taking responsibility for facilitating the change and communicating how the change will happen.

2) Selling the vision by explaining and describing the vision and influencing his team.

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7 0
3 years ago
Assume the mpc is 2/3. if government spending decreases by $6 billion, equilibrium gdp will:
ollegr [7]
To calculate the decrease in the GPD, we will have to multiply the decline in the government's spending by the multiplier.

Since the MPC is 2/3, therefore, the multiplier in this case is 3.

Therefore:
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3 0
3 years ago
The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the princi
ch4aika [34]

Answer:

E. decreasing marginal benefit.

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Therefore, in the case of the question, point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle

decreasing marginal benefit. Because as the consumption of the lemonade increases, marginal utility gotten from

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6 0
4 years ago
Which of these purchases is more likely to be paid for with a credit card?
patriot [66]
I got A too hope this helps
7 0
3 years ago
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AfilCa [17]

ANSWER:

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These are the Major roles of a HRM in an organization. For a HRM to be able to perform this role, he/she must have been able to understand what Communication is all about, because it is through communication he/she can identify a personnel that will fit in perfectly to a job task.

Behavioral studies is a very vital course for a HRM, because the personnels behaviors are what constitutes to the culture of the organization, so the HRM must understand the behavior of a person, and determine if it will fit into the organizations culture.

The HRM should not be biased in reasoning, this is why he/she has to study liberal in college, so that he/she will be able to accept other people's opinions and behavior.

6 0
3 years ago
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