1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dalvyx [7]
2 years ago
10

During March, XYZ Inc. transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000.

The journal entries to record these transactions would include a:
Business
1 answer:
DENIUS [597]2 years ago
8 0

Answer:

Date   Journal entries             Debit          Credit

          Finished Goods          $50,000

              Work in Process                          $50,000

          Cost of Goods Sold $56,000

               Finished Goods                          $56,000

You might be interested in
According to the small business administration, over 50 percent of all small businesses are home based. true false
Anastasy [175]

According to the small business administration, over 50 percent of all small businesses are home based. FALSE

A domestic commercial enterprise is a small l business administration, people operate from their homes. We additionally name it a domestic-based enterprise. maximum domestic companies do not have many employees. employees in such agencies generally both make money working from home or for agencies that operate as subcontractors.

Small business administration, out of the house gives some the blessings, together with time financial savings, control over running hours and situations, independence, and versatility. starting a domestic-based commercial enterprise is also substantially inexpensive than beginning a commercial enterprise in rented facilities. Small businesses are either offerings or retail operations like grocery stores, clinical shops, tradespeople, bakeries, and small production units.

Learn more about small business administration here:-brainly.com/question/13424073

#SPJ4

4 0
9 months ago
Oriole Company has the following budgeted sales: January $210000, February $260000, and March $220000. 40% of the sales are for
statuscvo [17]

Answer: The total expected cash receipts during March is $232000.

Explanation:

Given that,

Budgeted sales in January = $210000

Budgeted sales in February = $260000

Budgeted sales in March = $220000

40% of sales are for cash and rest 60% are on credit

Total cash receipts during march = cash sales in the month of march + Credit sales in the month of February + Credit sales in the month of march

= 40% of 220000 + 260000 × 60% × 50% + 220000 × 60% × 50%

= 88000+78000+66000

= $232000

Therefore, the total expected cash receipts during March is $232000.

6 0
3 years ago
Which would most likely shift the aggregate supply curve? a change in the prices of select one:
Delicious77 [7]
The product that would most likely shift the aggregate supply curve is the domestic products. The answer is letter A. The aggregate supply curve shows a relationship that is inverse between the price level and the quantity of real Gross Domestic Product (GDP) purchased. This is because it will increase the future demand.
4 0
3 years ago
g Last year Thomson Inc's earnings per share (EPS) were $3.50, and its growth rate during the prior 5 years was 6.6% per year. I
mariarad [96]

Answer:

17.19   years

Explanation:

The triple value of the earnings per share=$3.50*3=$10.50

The growth rate is 6.6%

Using the nper formula in excel, we can determine the number of years earnings per share would triple

=nper(rate,pmt,-pv,fv)

rate is 6.6%

pmt is not applicable to the scenario ,hence it is zero

pv is the current earnings per share

fv is the future earnings per share

=nper(6.6%,0,-3.5,10.5)= 17.19  

8 0
2 years ago
Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.
nikdorinn [45]

Answer:

3482.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + depreciation = 16,200 + 3300 = 35,700

($56,100 - $7500) / 3 = 16,200

Cash flow in year 0 = 56,100

cash flow in year 1 and 2 = 35700

cash flow in year 3 = 35,700 + 7500

i = 5%

NPV =

3 0
3 years ago
Other questions:
  • Desmond told his two friends, Marley and Brianna, that he was awarded a $10,000 grant for college if he becomes a math or scienc
    12·2 answers
  • Introduction: Drag each tile into the box where it best belongs. Causes of Recession. Cause of Recovery. loss of jobs for worker
    15·1 answer
  • The following transactions occurred during July: Received $960 cash for services provided to a customer during July. Received $3
    8·2 answers
  • or decades United States has been a major manufacturer of the World consumer goods. Nowadays, many items we buy from the United
    13·1 answer
  • Required supplementary information (RSI) of a state or local government other than management’s discussion and analysis (MD&
    12·1 answer
  • Identify the corresponding budget(s) from which dollar amounts are transferred directly in constructing each of the following:
    11·1 answer
  • n an open economy, why is the supply curve for dollars in the foreign-currency exchange market vertical?
    14·1 answer
  • __________ departs from the often dimly lit restaurant operated by a Chinese family and offers, instead, an exhibition kitchen.
    11·1 answer
  • Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felinas, asked you to assist him in estimating his main
    12·1 answer
  • Sales returns and allowances are reported on the ______.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!