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Law Incorporation [45]
2 years ago
15

Pharoah Company had beginning inventory of $18600 at March 1, 2022. During the month, the company made purchases of $80600. The

inventory at the end of the month is $21450. What is cost of goods sold for the month of March? A. $99200 B. $102050 C. $80600 D. $77750
Business
1 answer:
Kisachek [45]2 years ago
8 0

Answer:

D. $77,750

Explanation:

Cost of goods sold is calculated as;

= Beginning inventory + Purchases - Ending inventory

Given that;

Beginning inventory = $18,600

Purchases = $80,600

Ending inventory = $21,450

Cost of goods sold

= $18,600 + $80,600 - $21,450

Cost of goods sold = $77,750

Cost of goods sold for the month of March is $77,750

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Pension Plan Entries Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its
Andrej [43]

Answer:

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

Explanation:

Preparation of the entry to record the accrued pension liability payment to the funding agent on January 15

December 31

Dr Pension expense $182,100

Cr Unfunded pension Liabiltiy $182,100

(Being to record quarterly pension Liabiltiy)

January 15

Dr Unfunded pension Liabiltiy $182,100

Cr Cash $182,100

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What would sell more (both stores are just now opening.): a "in-trend" jewelry store or a Simplistic lip gloss shop?
Gnoma [55]

Answer:

The lip gloss shop

Explanation:

Because a trend last for a short amount of time meaning you have to restock on so many new products all the time wasting more and more money, as to the lip glosses all colors can be sold or always be in style.

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A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights
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A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights offering that is left unsubscribed is known as a stand-by commitment.

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Commitment: With firm commitment underwriting, the underwriter guarantees that the issuer will purchase all securities for sale, regardless of whether they can be sold to the investor. This is the most desirable arrangement as it immediately guarantees all the money of the issuer.

Commitment usually refers to the insurer's agreement to assume all inventory risk. A firm commitment also means agreeing to buy and sell all IPO securities directly from the issuer. Other uses of commitments relate to loans and derivatives.

Learn more about commitment here: brainly.com/question/472211

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14%

Margin of Safety:

[(current sales - break even)/current sales] * 100

(12900-11094)/12900] *100

(1806/12900)*100

.14*100 = 14%

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