Emergency funds are important because they B. are available when they are most needed, such as after a job loss. Emergency funds that are funds set aside for an emergency, out of the options above, this is when they are most needed. It is important to have an emergency fund set up because you can not prepare for what may happen and when, but having the funds prepared incase something does allows for much less stress.
Answer:
The answer is $243,000
Explanation:
The inventory on July 8 immediately prior to the fire is the CLOSING INVENTORY.
To find this closing inventory, we need to find the gross profit first and then cost of sales.
To find gross profit:
Gross profit margin=gross profit ÷sales.
Gross profit margin is 20% or 0.2
Sales is $690,000
Therefore, gross profit is:
0.2 x $690,000
=$138,000
To find cost of sales:
Gross profit = sales - cost of sales.
Gross profit is $138,000
Sales is $690,000
Therefore, cost of sales is
$690,000 - $138,000
=$552,000.
And finally to get closing inventory:
Cost of sales = opening inventory + purchases - closing inventory.
Cost of sales = $552,000
Opening inventory = $140,000
Purchases = $655,000
Closing inventory = $140,000+$655,000-$552,000
=$243,000.
Answer:
Sunland Company
Cost of goods manufactured Schedule
For the year ended
Work in progress 15,470
Direct Materials
Raw material 22,250
Add: Raw material purchased <u>154,500</u>
Total raw material available for use 176,750
Less: Raw material inventory <u>32,850</u>
Direct material used 143,890
Direct labor 225,290
Manufacturing overhead <u>183,120</u>
Total manufacturing costs <u>552,300</u>
Total cost of work in progress 567,770
Less: Work in process inventory <u>18,560</u>
Cost of goods manufactured <u>549,210</u>
<u>Experimental research</u> <span>involves a type of quantitative research that systematically manipulates one or more variables to determine which variables have a causal effect on other variables.
This way, you determine whether your hypothesis was correct, by conducting an experiment to test your thesis. You change things up to see if you were right or wrong during an experimental research.</span>
The discovery of oil off a nation's coast would be if it wasunexpected, a surprise economic variable and a very beneficial one at that as long as it happened before the present concerns about climate change and the use of fossil fuels plus concerns over oil spills in the ocean after the Gulf of Mexico major oil spill a few years ago.
