The answer is a valid contract. A valid contract occurs when
both parties has expressed or had shown agreement when engaging to certain
services or products as means of showing that they both have negotiate and came
to an understanding of agreement with what they are pertaining to in which is
shown above as the adults involved has an agreement of paying the bicycle that
shows a valid contract.
Answer: $200,100
Explanation:
Given that,
Units sold = 15,000
Sales Revenue = $510,000
Purchases (excluding Freight In) = $310,500
Selling and Administrative Expenses = $36,000
Freight In = $15,900
Beginning Merchandise Inventory = $42,500
Ending Merchandise Inventory = $59,000
Cost of goods sold = Beginning Merchandise Inventory + Purchases + Freight In - Ending Merchandise Inventory
= $42,500 + $310,500 + $15,900 - $59,000
= $309,900
Gross Profit = Sales Revenue - Cost of goods sold
= $510,000 - $309,900
= $200,100
Answer:
Total Cost of Work in Process
$57,854
Total cost of the units
d. $120,060
Total cost of beginning inventory
c. $62,206
Explanation:
Department G has 3,600 units which were 25% completed. The units completed during the period are 11,000.
3,600 * 25% = 900
Units completed 11,000
total units 11,900
Cost per unit is $10.08.
Total cost of units completed = 11,900 * 10.08 = $120,060.
Interest rate risk
Interest rate risk is the risk that arises for fixed-rate investments from fluctuating interest rates. How much interest rate risk a fixed-rate investment has depends on how sensitive its price is to interest rate changes in the market.
