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Naya [18.7K]
3 years ago
10

Concord has the following inventory information. July 1 Beginning Inventory 30 units at $19 $570 7 Purchases 80 units at $18 144

0 22 Purchases 10 units at $23 230 $2240 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is ___________.
Business
1 answer:
Alla [95]3 years ago
7 0

Answer:

$1560

Explanation:

The inventory in hand is 35 units and the total number of units are 120 units which means the units sold are 85. According to First in First Out method, the total units that are sold first are 30 units at the rate $19 per unit and 55 units at the rate $18 per unit.

This means:

Inventory sold = $19*30 + $18*55 = $1560

So the amount allocated to cost of goods sold is $1560.

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Three critical activities occur during group socialization that affect the productivity of teams, and they are:
Taya2010 [7]
<span>Group socialization is focused team members to be able to work together and coordinate their efforts.</span><span>The three critical activities that occur during group socialization and affect the productivity of teams are:
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5 0
3 years ago
Rita Company buys merchandise on account from Linus Company for $590. Rita sells the goods to Ellis for $900 cash. Use a tabular
rosijanka [135]

Answer:

Record of transaction is given below

Explanation:

given data

Selling price of goods =  $900

Cost of goods sold = $590

solution

we get here Record of transaction in Rita Company that is

Inventory accounts   Dr   $900

Account payable    Cr      $900

and

Record of transaction in Linus Company is

Account receive able  Dr  $900

Sales revenue              Cr  $900

and

Cost of goods sold    Dr   $590

Inventory                    Cr    $590

4 0
3 years ago
Law is a practical discipline; theory has no place in law. With specific references to the Law of Contract, discuss. The APA ref
RoseWind [281]

Answer:

Following are the responses to the given question.

Explanation:

In this question,  I would have to claim the contrary. Most laws were drafted by attorneys or judges, etc. These individuals utilized legal philosophy to justify or justify the bills which we presented. Instances are indeed the criminal code: Why then is insanity defending several crimes?? As a rule, criminal culpability can be granted if there is a criminal view. The theory for insanity as an excuse is that he had no power or just didn't need to do the crime, but he did the crime without a convict. Its logic leads lawmakers and make allowances, for instance, insanity, of criminal liability.

Moreover, because courts are subjective, judgments are dependent on various legal arguments. An instance: Which concept would the Court decide when the nature of a contractual has been in dispute? There is indeed a widely cited case in Israel wherein the courts chose the extremely intrusive adaptive paradigm — courts based the judgments on doctrines of laws that favored justice so over privity of association. I also heard a few oral statements both from judges as well as the board, and also have drawn examples such which I have given up beyond prejudice. Contract terms also have their very own laws of construction and interpretation.

And when a discrepancy arises regarding the agreements' vocabulary we do not use theory but use the terms of rational thinking to decide whatever the agreement means. An important precedent based on the legal principle has been determined here (most precedents are identical). Nonetheless, inside the field in the law of contract, I guarantee theory. In addition to assessing the violation of the contract or not, also there are conflicting views on whether an occurrence leads to a breach (or it may not) of intentions.

As for myself, I was only hoping how an adverse usage case would've been filed over a rather long time with no refund of the copyright or royalty to get a patented or permitted content used by the claimant without the applicant's consent.

In the daily lives that law as a profession has many requirements. The law of contract throughout particular, the acts of people have come every day in much of the day. Element is indeed a relationship between two people that are legally enforced The principle of a valid contract, consideration, contractual capabilities, minor contract capacities, etc. is commonly applied in everyday life Personally, I was only hoping that an unfair use lawsuit would be lodged over a very long time without any reimbursement of both the license and royalty to get a patented or licensed material used by the claimant without applicant's permission.

In the daily lives, the profession as a profession has many criteria. The law of contract, in particular, the acts with people come daily throughout much of the day. A contract is a contract between two people that's also enforced by law The principle of a valid contract, consideration, contract capacities, minor contractual capabilities, etc. is widely applied in daily life This agreement is unique to the duties, at least in its traditional form, of the commitments, or contingent ones, which are the duties laid down by the parties' wishes. This article discusses its doctrinal and theoretical accounts of contract law, with particular emphasis on slavery and antitrust, contract law as well as the partnership between two neighbors. Law is a complicated field because the type of hard is a science linked to such professions, areas, or professions. Each profession or job does have its legislation. The Law LinkedIn profile and all of their measures and practices.

Justice is a philosophy of action, since it must be enforced, regardless of what it is (Justice) there are many other exceptions. In an example, if anything takes place in a contract it has to be made in line with the regulations to use LAW OF CONTRACT as just a particular reference.

Following are the complete conclusion to the given question:

As short as they are, these comparisons can only provide some idea of how law studies can play a key role in many other university disciplines, as just a scientific subject. More maybe than for any physics research, legal scholars get a range of basic methods at the fingertips, regardless of whether that known as the core study of knowledge in its initial Platonic or Stoic frameworks. Aware of these different methods would enable them to interact with other areas, so in other fields of study, the law can be learned more effectively.

8 0
3 years ago
Social surplus is maximized when all buyers with the reservations values ___________ than the market price are actually making p
nikklg [1K]

Answer:

highest-value; lowest-cost

Explanation:

Social surplus  can be define as the rate, amount of value or utility(which are welfare)  a society has gotten from goods and services consumption. It is not not like money or resource.

it is also referred  as economic surplus. it is  the summation of the sum of consumer surplus and producer surplus. The economic surplus is referred to as welfare package in full

5 0
3 years ago
In its first year of operations, Wildhorse Co. recognized $33,700 in service revenue, $7,800 of which was on account and still o
ale4655 [162]

Answer:

accrued basis income: 14,300

cash basis income:        9,500

Explanation:

accrued: we reocgnize base on the time of transfer of goods and the expense are mathced when the period they occur.

revenues                   33,700

operating expense <u> (19,400) </u>

  net income             14,300

cash basis: we recognize based on the cash collection or disbursement:

collected from customer     25,900

paid expenses                     (13,600)

insurance paid                  <u>    (2,800)  </u>

           net income                 9,500

4 0
3 years ago
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