1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgesh-ka [11]
2 years ago
7

Marigold Lake Corporation’s accounting records show the following at year-end December 31, 2017:

Business
1 answer:
FrozenT [24]2 years ago
8 0

Answer:

Cost of Goods Purchased;

= Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-In

= 163,210 - 3,810 - 5,960 + 8,710

= $162,510

Cost of Goods Sold

= Beginning Inventory + Cost of Goods Purchased - Ending Inventory

= 33,550 + 162,510 - 28,600

=  $167,100

You might be interested in
Although skyscrapers are mostly composed of steel and glass, carpenters are often employed to help with construction. How might
NeX [460]
To create the roof trusses 
8 0
3 years ago
There is a 3 percent defect rate at a specific point in a production process. If an inspector is placed at this point, all the d
yKpoI14uk [10]

Answer:

1a. $2.67 cost per unit

1b. $0.3 cost per unit

1c. Yes

Explanation:

1a. Calculation for what will be the inspection cost per unit If an inspector is hired

The following details were given in the question.

Defective average =3/100= 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost = $10 each

Using this formula

Hired inspector =Cost per hour/Current production rate per hour

Let plug in the formula

Hired inspector=8 per hour/30 rate per hour

Hired inspector =0.267×100

Hired inspector=$2.67 cost per unit

1b. Calculation for what will be the defective cost per unit If an inspector is not hired

Using this Formula

No inspector=Defect rate %/Cost per defective

Let plug in the formula

No inspector= 3/100×$10

No inspector= $0.3 cost per unit

1c. Based on the above calculation the inspector should be hired.

8 0
2 years ago
Aragon Company has just received the August 21, 2010 bank statement, which is summarized below.
Nina [5.8K]

Answer:

Complete solution in tabular form is given below for better understanding and demonstration.

7 0
3 years ago
There are two aspects of efficiency that the equilibrium of market for loanable funds exhibits. Select the TWO statements that c
Mashutka [201]

Answer:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

Explanation:

Loanable funds refer to the aggregate amount of money that all sectors, entities and individuals within an economy have decided to keep as an investment, instead of spending on personal consumption, by saving and giving them out as loans to borrowers.  

The market for loanable funds is in equilibrium when the supply of loanable funds by the saver is equal to demand for loanable funds by the borrowers at a given interest rate.

When the market for loanable funds is in equilibrium, efficiency is maximized because projects that have higher rates of return are given priority to be funded first before the projects with lower rates of return are funded. The reason is that savers that have lowest costs of lending provides funds for the projects that have highest return rates in equilibrium. However, potential saver who do not lend money will prefer a higher interest rates.

Therefore, the correct options related to the two aspects of efficiency that the equilibrium of market for loanable funds exhibits are as follows:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

5 0
3 years ago
A supplier has contracted to deliver halloween costumes to a party supply store by october 15th. however, due to a natural disas
olga nikolaevna [1]
I think you would have to do math to find the answer\
3 0
2 years ago
Other questions:
  • Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $ 544,000 and r
    10·1 answer
  • The _________ program is one of the more common ways to get college credit in high school. It includes an exam that you must tak
    10·2 answers
  • Studying and analyzing others’ speeches help us to be better:
    7·1 answer
  • Jennifer Searcy, a single mother, has three dependent children. As of December 31, 2018, their ages were as follows: Sydney (7),
    7·1 answer
  • Do you sign a contract when you purchase a vehicle? What happens if you don’t honor that contract
    7·1 answer
  • An asset has an average return of 11.57 percent and a standard deviation of 24.54 percent. What is the most you should expect to
    5·1 answer
  • The Wacky Widget company has total fixed costs of $100,000 per year. The firm’s average variable cost is $10 for 10,000 widgets.
    14·1 answer
  • Handy Home sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $106 and of each doo
    8·1 answer
  • Changes in financial reporting methods unquestionably will alter the resulting measures of financial positions reported in finan
    6·1 answer
  • Which of the following statements is CORRECT?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!