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jek_recluse [69]
3 years ago
9

Saguaro Company updates its inventory perpetually. Its beginning inventory is $70,000, goods purchased during the period cost $2

40,000, and the cost of goods sold for the period is $280,000. What is the amount of the ending inventory?
a. $30,000.
b. $50,000.
c. $40,000.
d. $90,000.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
3 0

Answer:

a. $30,000.

Explanation:

The computation of the ending inventory is shown below;

As we know that

Cost of goods sold = Beginning inventory + goods purchased - ending inventory

$280,000 = $70,000 + $240,000 - ending inventory

So,

ending inventory = $70,000 + $240,000 - $280,000

= $30,000

hence, the correct option is a.

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In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2
deff fn [24]

Answer:

B. Liquidation.

Explanation:

Liquidation is and aftermath of the inability of a company or establishment to meet up with her obligations at the required moment. Thus, the company folds-up, lay off her staff and stop operating. While reorganization is a form of restructuring in a company or establishment. It may involve change of positions and duties among capable staff.

The example in the given scenario is that of liquidation because it ceased from operation.

3 0
3 years ago
Bob's Boats uses job costing. They use direct labor hours as a basis for allocating overhead costs to jobs. Given the following
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Answer:

Bob's predetermined overhead rate = 9.91

Explanation:

Calculation for predetermined overhead rate

Predetermined overhead rate = Estimated (Budgeted) Overhead Expense / Estimated Direct Labor Hours

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8 0
3 years ago
Tinker's cost of goods sold in the year of sale (2019) was $750,000 and 2018 cost of goods sold was $770,000. The inventory at t
Harrizon [31]

Answer:

96.3 days

Explanation:

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Where,

Average inventory = (Beginning inventory + Ending inventory) / 2

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Therefore,

Inventory turnover = ($198,000 / $750,000) × 365

Inventory turnover = 96.3 days

The average number of days for Tinker to sell it's inventory during 2019 is closest to 96.3 days

4 0
3 years ago
Margaret and Jack are working on a high-priority project with a tight deadline. When Margaret is unable to meet the deadline, Ja
Dahasolnce [82]

Answer:

The correct answer is The fundamental attribution error.

Explanation:

The Fundamental Attribution Error (EFA) is a phenomenon that occurs when we try to explain our own behavior with respect to that of others. Many times we find it hard to understand why a person acts as he acts. And we do not stop to look for the reasons that are the basis of their behavior.

A very clear example is to suspend an exam. If you have to explain to someone why you have suspended the exam, you probably mean that it was very difficult, that you had not rested, did not have time to study or even that the teacher suspended you.

Now imagine that it is another person who suspends and you have approved. Surely if you have to explain why you have suspended you will explain that it is a bit vague, that you have not studied enough and even that you were not interested in approving.

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3 years ago
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Scrat [10]

Answer:

Options A, B & D

Explanation:

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3 0
3 years ago
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