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
SCORPION-xisa [38]
2 years ago
14

Shockglass Company had a beginning inventory of $15,000. During the year, the company recorded inventory purchases of $45,000 an

d cost of goods sold of $50,000. The ending inventory must equal: A. $10,000. B. $25,000. C. $26,000. D. $27,000.
Business
1 answer:
Otrada [13]2 years ago
8 0

Answer:

A. $10,000

Explanation:

We know that :

cost of goods sold = opening inventory + purchases - ending inventory

hence,

Ending Inventory = opening inventory + purchases - cost of goods sold

therefore,

Ending Inventory = $15,000 +  $45,000 - $50,000

                              = $10,000

The ending inventory must equal: $10,000

You might be interested in
How do safe investments usually have a lower rate of return than riskier ones?
densk [106]

Students should understand that every saving and investment product has different risks and returns. Differences include how readily investors can get their money when they need it, how fast their money will grow, and how safe their money will be.


3 0
3 years ago
Read 2 more answers
Suppose an oligopolistic producer assumes its rivals will ignore a price increase but match a price cut. In this case the firm p
andreyandreev [35.5K]

Answer: C) demand curve as kinked, being steeper below the going price than above.

Explanation:

For an oligopolistic producer, who assumes that its rival would ignore a price increase but match a price cut, the perception of the firm about it demand curve is that it would be kinked, being steeper below the going price than above.

6 0
3 years ago
Labor power is a special commodity right or wrong?
Orlov [11]
Right my mom taught me not to be afraid
7 0
2 years ago
Read 2 more answers
The development of an internationally distributed collection of multimedia files addressed using universal resource locators led
disa [49]

The development of an internationally distributed collection of multimedia files addressed using universal resource locators led to the world-wide web (www).

Tim Berners-Lee, who was an English scientist invented the World Wide Web (WWW) in 1989. The global information medium, accessed by the use of internet, where documents and other web resources are recognized and it is also refers to the collection of public websites. Web and Internet are different terms, they are mostly misunderstood.
4 0
3 years ago
How can you manage conflicts between staff members in general?
belka [17]
First conflict is a problem and second don't fight with the staff members if you did say sorry from your deeper part of heart to say a big soory
8 0
2 years ago
Other questions:
  • If the price index in a country were 100 for the year 2010 and 120 for the year 2015 and nominal gross domestic product in 2015
    13·1 answer
  • In 2003 __________, a public policy advisory board made up of representatives from numerous healthcare, trade, and professional
    9·1 answer
  • GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $72,000 for 6-months services in adv
    11·1 answer
  • (a) On March 2, Shamrock Company sold $897,900 of merchandise to Pharoah Company on account, terms 2/10, n/30. The cost of the m
    7·1 answer
  • The Corner Hardware has succeeded in increasing the amount of goods it sells while holding the amount of inventory on hand at a
    9·1 answer
  • When an organization needs to hire semiskilled workers and would like to keep the price of advertising low and not attract any a
    15·2 answers
  • Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $1,030 2 1,260 3 1,480 4 2,22
    11·1 answer
  • A machine was purchased for $35,500, having a useful life of 10 years, and a residual value of $6,000. Compute the annual deprec
    15·1 answer
  • Lucy is preparing to invest in a new online franchise, Notable Moments. The franchisor provides the exclusive software and train
    8·1 answer
  • Ria is an Indian student who was admitted to a US university. Her annual tuition is $42,000. She has to pay her tuition fees in
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!