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Afina-wow [57]
2 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]2 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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Rene would like to explore a career that would allow her to work with customers or clients. Which two of the following careers a
natima [27]

I believe the answer is:

(B)radio announcer

(D)graphic designer

It is very common for Radio announcer to invite and interview guests and They are basically interacting with clients and fulfilled the client's wish regarding how their products need to be advertised.

Graphis designer, also require constant interaction with the customers in order to know whether the desing that is made by the designer is suitable with the image that the customers have in mind.

3 0
3 years ago
Read 2 more answers
1. Contrafic Corporation used the following data to evaluate its current operating system. The company sells items for $21 each
olga_2 [115]

Answer:

 $470,000 F

Explanation:

The computation of the static budget variance of operating income is shown below:

Particulars  Actual results         Static budget         Static budget variance Units sold        180,000 units        185,000  units

Revenues        $3,780,000            $4,440,000             $660,000 U

Variable costs  $1,080,000            $1,295,000              $215,000 F

Contribution margin  $2,700,000   $3,145,000             $445,000 F

Fixed costs         $800,000              $775,000              $25,000 U

Operating income   $1,900,000     $2,370,000            $470,000 F

Note:

Multiply the selling per unit with unit sold to get the revenue amount

6 0
3 years ago
Maria can purchase shirts for ​$21.00 each. She considers the benefit of one shirt to be ​$40.00​, but with each additional shir
Vinvika [58]

Answer:

4 shirts

Explanation:

Principle of Optimization at the​ Margin states that the individual maximises utility when consuming a prpduct as long as the marginal benefit exceeds to marginal cost. If marginal cost is greater than the benefit the consumer will find another alternative.

In this instance Maria sees the short as value of $40, while sale price is $21

So when she buys the first shirt her perceived cost is now 40- 5= $35

For the second shirt perceived cost is 35-5= $30

For the third shirt perceived cost is 30-5= 25$

For the fourth shirt it is 25-5= $20

At this stage cost is slightly higher than the benefit and she will stop buying shirts.

7 0
3 years ago
After achieving a result, good managers invest time in reflecting on what went well and what could have gone better. They consid
BartSMP [9]

Answer: d. After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date

Explanation:

Efficiency is measurable and has to do with the ability to achieve a goal or get a result that's desired and avoid wastage of efforts or resources.

With regards to the explanation above, the statement that relate specifically to your efficiency is asking the level adviser to review ones progress in order to show that one is on track.

This shows that the person wants to achieve the goal of graduation and is putting all of his efforts towards that.

3 0
2 years ago
In a shuffleboard game, the puck slides on a horizontal floor before coming to complete stop. If the coefficient of kinetic fric
OLga [1]

Answer:

22.33 m

Explanation:

We are given;

Coefficient of kinetic friction between the puck and floor; μ = 0.5

initial speed of the puck; u = 14.8m/s

From Newton's equation of motion, we know that;

v² = u² + 2as

But since it decelerate to rest, the acceleration will be negative.

Thus;

v² = u² - 2as

Final velocity is zero, thus;

0 = u² - 2as

Thus, a = u²/2s

Where s is the distance covered before coming to rest.

Now, we know that formula for the frictional force is;

F = μmg

F/m = μg

We also know that F/m = a

Thus, a = μg

Thus:

u²/2s = μg

s = u²/(2μg)

s = 14.8²/(2 × 0.5 × 9.81)

s = 22.33 m

3 0
2 years ago
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