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grandymaker [24]
3 years ago
12

Information for Pidris Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured fo

r the year ended December 31; (12 Points).(b) prepare the company's income statement that reports separate categories for selling and general and administrative expenses. (12 Points).
Business
1 answer:
Julli [10]3 years ago
7 0

Answer: hello your question is incomplete attached below is the missing data. ( first image )

answer:

Attached below

Explanation:

A) company's schedule of cost of goods manufactured for year ended

attached below is the required schedule ( second Image )

B) Company's income statement

attached below is the company's income statement ( Image 3 and 4 )

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This year three manufacturers of mattresses have closed shop and there is only one mattress manufacture left. With few additiona
Rainbow [258]

Answer:

the supply will decrease causing an increase in pricing on mattresses.

Explanation:

Monopolism occurs when only one supplier produces a product with no other competitors. They control the supply and price of commodities.

Since other mattresse sellers have closed shop, the final seller will have monopoly of the mattresse market.

In order to maximise revenue he will reduce supply and increase prices so that customers will have no choice but to buy the scarce mattresse at higher price.

8 0
3 years ago
Baker, an unmarried individual, sold a personal residence, which has an adjusted basis of $70,000, for $165,000. baker owned and
Stella [2.4K]

The answer is $0.

<span>$0 is the bakers recognized gain because a taxpayer is allowed to the exclusion of up to $250,000 and $500,000 for tax payers who are married, of capital gain attributed to the sale of<span> a personal residence. One requirement a baker met here for exclusion that tax payer must occupy the residence for two to five years before sale.</span></span>

7 0
3 years ago
Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and
givi [52]

Answer: False

Explanation: The statement given in the above question relates to business intelligence.

Competitive intelligence is used by the managers and executives to implement strategic decision making effectively. In competitive intelligence , the gathering and analyzing of customers and competitors is done and not of partners and industries etc.

Thus, the above statement is false.

3 0
3 years ago
The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest
salantis [7]

Answer:

a. Value.

Explanation:

The opportunity cost of a choice is the value of the opportunities lost.

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice  is the benefits that could be derived in from another choice using the same amount of resources.

<em>For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.</em>

5 0
4 years ago
An asset was purchased for $138,000 on January 1, Year 1 and originally estimated to have a useful life of 8 years with a residu
kirill115 [55]

Answer:

The third-year depreciation expense: $26,081.25

Explanation:

The company uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:

Depreciation Expense = (Cost of asset − Residual Value )/Useful Life

Depreciation Expense for year 1 = ($138,000 - $10,500)/8 = $15,937.5

Depreciation Expense for year 2 = ($138,000 - $10,500)/8 = $15,937.5

At the end of year 2,

Accumulated depreciation = $15,937.5+$15,937.5=$31,875

Book vale of the asset = $138,000 - $31,875 = $106,125

At the beginning of the third year, the remaining useful life of the asset was 4 years with a residual value of $1,800.

Third-year Depreciation Expense = ($106,125 - $1,800)/4 = $26,081.25

6 0
4 years ago
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