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Ivahew [28]
3 years ago
6

The following information is available for Sweden Company for its most recent year:

Business
1 answer:
Sidana [21]3 years ago
4 0

Answer:

A $1,200,000

Explanation:

The correct answer is D.

the gross margin equals 40% of net sales = 40%* 1,800,000= 720,000

Cost of goods sold will therefore be  60% of net sales;

Cost of goods sold = (60% * 1,800,000) = 1,080,000.

Cost of goods available for sale = cost of goods sold + the cost of ending inventory.

Cost of goods available for sale = 1,080,000+120,000 = $1,200,000

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Taylor Entertainment Center has 5 TVs on hand at the balance sheet date that cost $400 each. The net realiz- able value is $350
faltersainse [42]

Answer:

Under the lower-of-cost-or- net realizable value basis of accounting for inventories, the value that Taylor should report for the TVs on the balance sheet is $350 × 5 = $1,750

Explanation:

The lower-of-cost-or- net realizable value basis of accounting for inventories values inventory at the lower of its cost or net realizable value. This basis of accounting gives a <em>faithful representation</em> to the users of the value of assets in inventory that firm holds. This is  also <em>prudent</em> in that profits are not overstated in the Income statement.

4 0
3 years ago
Which of the following is a characteristic of economic services:
9966 [12]

Answer:

useful

Explanation:

i got it from USA test prep

4 0
3 years ago
For featuring Lego Sets prominently in its store window, Toy Emporium, a store that carries educational toys, received a free mo
postnew [5]

Answer:

Promotional allowance

Explanation:

Promotional allowance is a discount on aproduct or any compensation given by suppliers to trade partners in order to carry out more promotions of their products.

Seasonal discounts are usually given on seasonal goods to encourage buyers to purchase the product in off peak periods.

Cash discount is usually given for prompt payment.

Rebate is when a part of an amount paid is returned to a customer.

I hope my answer helps you.

6 0
3 years ago
According to the equation for the Phillips curve, if nominal wages and labor productivity both increase by 3%, then the inflatio
erastova [34]

Answer:

Increases, decreases

Explanation:

According to the equation for the Phillips curve, if nominal wages and labor productivity both increase by 3%, then the inflation rate increases and unemployment decreases.

The Phillips curve is an economic concept developed by A. W. Phillips stating that <u>inflation and unemployment have a stable and inverse relationship.</u> The theory claims that <u>with economic growth comes inflation</u>, which in turn should lead to more jobs and <u>less unemployment. </u>

<u>Therefore as given in the scenario, wage increase signifies economic growth which will lead to increase in inflation and a decrease in unemployment</u>

5 0
3 years ago
Which option is the best way to organize a document into topics?
Ahat [919]
Your answer will be B using headers because when your putting a header on your essay you are including a topic which organizing what this paragraph (or paragraphs) will be about also its not A because those are use for titles its not C because those may organize details but you use them when your writing facts about a person, place, or thing when it came down to rather B, and D I choose B because using a number lists is for lists yes it keeps things organized but your questions is about "organize a document" so it makes it B.                                                                                                                                                                     Your answer is B.
4 0
4 years ago
Read 2 more answers
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