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aalyn [17]
2 years ago
13

Financial Statements of ABC Corp. indicates that ending inventory levels in 2005 and 2006 were $200,000 and $350,000 respectivel

y. Cost of Goods sold for 2005 and 2006 were $1,900,000 and $2,200,000 respectively. Purchases in 2006 were:
Business
1 answer:
ad-work [718]2 years ago
3 0

Answer:

Cost of goods purchased= $2,350,000

Explanation:

Giving the following information:

Beginning inventory 2006= ending inventory 2005= $200,000

Ending inventory 2006= $350,000

COGS 2006= $2,200,000

<u>To calculate the purchases for 2006, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

2,200,000 = 200,000 + cost of goods purchased - 350,000

2,200,000 - 200,000 + 350,000 = cost of goods purchased

cost of goods purchased= $2,350,000

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Answer:

Letter e is correct. Idea generation.

Explanation:

Outback through customer survey seeks to identify which items meet the needs of your target audience so you can expand your food product line. The Outback Idea Generation technique is a technique used by companies to achieve the innovation needed to develop new activities and organizational improvements, as well as to solve problems and opportunities more efficiently and systematically.

3 0
3 years ago
Allen Lumber Company had earnings after taxes of $630,000 in the year 2009 with 370,000 shares outstanding on December 31, 2009.
Firdavs [7]

Answer:

$2.00

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Since there was an increase of 30% from 2009, Allen Lumber Company's earnings after taxes for 2010 were:

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Earnings per share for 2010 are determined by dividing total earnings by the number of shares:

E_S=\frac{\$819,000}{409,000}\\E_S=\$2.00

Earnings per share for the year 2010 were $2.00.

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3 years ago
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vagabundo [1.1K]
I feel that D would be the correct answer because of new technology
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Fantom [35]

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