Answer:
COGS= $880,000
Explanation:
Giving the following information:
Beginning inventory= $45,000
Ending inventory= $35,000
Total Purchase= 870,000
<u>To calculate the cost of goods sold (COGS), we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 45,000 + 870,000 - 35,000
COGS= $880,000
the answer is technological<span> factors.
A company is considered to have a favorable technological factor if it managed to produce products with more advanced technology compared to other competitors.
Tesla motors is regarded as the first company that able to mass produce electricity powered automobile which performance are comparable to Oil-fueled automobiles.</span>
Answer:
The answer is "Option a and Option b".
Explanation:
Year of physical capital per cost of land
Depending on the equations, an increase in physical problems per employee around 2026 and 2027 is associated with the rise in work productivity between 2026 and 2027.
Answer:
B. cash flow from operating activities
Explanation:
Cash flows directly related to production and sale of a firm's products and services are cash flows from operating activities. The operating activities are those which are being performed to operate the activities of nature of business like product sale or service performance. e.g. Payment to suppliers and receipt from customer are the activities involved in the operating activities of Business.
Answer:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Merchandise $ 760 (debit)
Cash $ 560 (credit)
Equipment $200(credit)
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Cash $270 (debit)
Dividend $530 (debit)
Salaries and Wages $ 800 (credit)
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
Account Payable $470(debit)
Cash $470 (credit)
Explanation:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash
