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Alenkasestr [34]
3 years ago
15

during the year megans pet shops merchandise inventory decreased by 80,000 if the companys cost of goods sold for the year was 1

,200,000 purchases would have been
Business
1 answer:
Hunter-Best [27]3 years ago
3 0

Answer:

$1,280,000 = cost of goods purchased

Explanation:

Giving the following information:

Inventory decreased by $80,000

COGS= $1,200,000

<u>If inventory decreased, the beginning inventory is lower than the beginning inventory</u>. We will use the following formula:

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

1,200,000 = cost of goods purchased - 80,000

1,280,000 = cost of goods purchased

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<u>Explanation:</u>

Attention to detail is a significant resume ability to incorporate. The capacity to control little bits of information with precision and centre is a pivotal expertise in a wide scope of employment fields.

You have that aptitude, so you gladly express extraordinary scrupulousness as one of the advantages on your resume.

Achieves careful quality and exactness when achieving an assignment through worry for every one of the territories in question. Conduct Indicators - Provides precise, reliable numbers on all desk work.

8 0
3 years ago
On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $2.00 par, common shares, t
ozzi

Answer:

No journal is needed

Par value  is now $1

Explanation:

There is journal entry for stock split no new funds were received from stockholders and the fact that the equity stockholders capital remain the same after the stock split.

It is a mere book redenomination where the number of outstanding shares in issue is increased while the par value is reduced  proportionally.

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7 0
3 years ago
Records are anything: papers, memos, presentations, reports, books, maps, e-mails, computer-readable material, photographs, or o
alexandr1967 [171]

Answer:

Contain information developed in preparing briefing papers, reports and studies

Explanation:

In simple words, records can be defined as the documents that keep information that is developed and scripted over time. The information can be originated through experiences, actions or research etc.

Records depict past information which is considered to be important and might be used in future for some reference. Thus, from the above we can conclude that the correct option is 1.

7 0
3 years ago
Short term interest rates show the cost of borrowing money for how long?
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They show for a few days or months
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Read 2 more answers
A company purchased a weaving machine for $264,970. The machine has a useful life of 8 years and a residual value of $14,500. It
Nutka1998 [239]

Answer:

$37,455

Explanation:

The unit of production method of depreciation charges higher amounts of depreciation seasons of higher output.  The depreciation amount is propositional to the level of production.

The formula applicable in the calculation of the unit of depreciation is as follows.

Depreciation = depreciable value / estimated production value x units produced

For this machine: depreciable value = Asset cost - residual value

Depreciable value =$264,970- $14500 = $250, 470

Estimated units to be produced = 759,000 bolts

Units produced in the second year =113,500

Depreciation for the second year

=  250, 470/ 759,000 x 113,500

=0.33 x 113, 500

= $37,455

6 0
4 years ago
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