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2 years ago

I WILL GIVE BRAINLIEST

2 answers:

6 0

The answer is option A

Accounts receivable is an amount that a debtor (in this case the customer) owes your business. So this is considered an asset.

Accounts payable is an amount that a creditor (in this case can be us the business) owes a business. This is considered a liability.

Cost of goods sold is the amount a business pays to produce goods to be sold in a specific period of time usually a year. It is recorded on the income statement. It is considered as an expense.

yan [13]2 years ago

5 0

Answer:

b account payable is your answer.....

Explanation:

B. Accounts Payable

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Soda is the largest bottler of Soda in Western Europe. The company purchases Brand 1 and Brand 2 concentrate from The Soda Compa

Dmitry [639]

Answer and explanation:

check the attached file for a well formatted answer

The purchase budget for the month of Mar 2012 is asked. Also there are no changes in beginning and closing inventories. The data given is summarised as below,

Brand 1 Brand 2

Bottle size 2 lit 2 lit

Number of bottles 106000 81000

Concentrate cost $85 per pound

Concentrate used 0.15 lb per 100 lit 0.2 lb per 100 lit

Carbonated water used 2 lit 2 lit

Bottle cost $0.1 per bottle

Carbonated water cost $0.08 per litre

Based on this the budget is filled as below,

CONCENTRATE 2-LITRE BOTTLES CARBONATED WATER

Brand 1 (A)

318 lbs

[=106000*2/100*0.15 lbs]

106000 bottles

212000 litres

[106000 bottles * 2 litres]

Brand 2 (B)

324 lbs

[=81000*2/100*0.2 lbs]

81000 bottles

162000

[81000 bottles * 2 litres]

Total Materials (C=A+B) 642 lbs 187000 bottles 374000 litres

Direct materials unit price (D) $ 85 $ 0.1 $ 0.08

Total direct materials to be purchased (E=C*D) $54570 $18700 $29920

7 0

2 years ago

Vertical integration allows the firm to gain market power as the firm develops the ability to save on its operations, avoid mark

Wewaii [24]

True i answered this question in class

8 0

3 years ago

Which of the following users of accounting information are interested in the quality of a company assets?

kaheart [24]

Answer:

Explanation:

Well public is all about quality

7 0

2 years ago

What is the subject of federal open market committee decisions?

kakasveta [241]

What is the subject of federal open market committee decisions? Level of interest rates and growth of the money supply. The federal open market committee makes decisions that they think will growth the supply of money within our economy and keep interest rates at an affordable level. This committee is part of the Federal Reserve Board that meets often to set the monetary policy and interest rates charged to banks.

7 0

3 years ago

Purchases$111,000 Freight-in 3,100 Sales 185,000 Sales returns 6,000 Purchases returns 4,500 In addition, the controller is awar

ivolga24 [154]

Answer:

Closing Stock = 38000

Explanation:

Net Sales = COGS + Gross Profit

Net sales = sales - sales return = 185000 - 6000 = 179000

Gross Profit = 60% of sales (as per gross profit ratio)

= 60% of 179000 = 107400

COGS = Opening Stock + Net Purchase + direct expenses - Closing Stock

* Net purchase = Purchase - purchase return = 111000 - 4500 = 106500

*Direct Expense = Freight Inwards = 3100

Putting all values in formula :- Net Sales = COGS + Gross Profit

179000 = (0 + 106500 + 3100 - closing stock) + 107400

179000 = 106500 + 3100 + 107400 - closing stock

179000 = 217000 - closing stock

closing stock = 217000 - 179000

closing stock = 38000

3 0

3 years ago