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valentinak56 [21]
3 years ago
5

Yucca Co. updates its inventory periodically. The company's beginning inventory was $4,860 and purchases were $10,080 during the

year. The company's ending inventory count was $9,000. What was the amount of its cost of goods sold?
Business
1 answer:
erastovalidia [21]3 years ago
8 0

Answer:

the cost of goods sold is $5,940

Explanation:

The computation of the cost of goods sold is shown below:

As we know that

Cost of goods sold is

= beginning inventory + purchase made - ending inventory

= $4,860 + $10,080 - $9,000

= $5,940

Hence, the cost of goods sold is $5,940

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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Select the correct answer.
34kurt

Answer:

I would say B

Explanation:

because like you need to be nice to everybody like its just the right thing to do and plus those existing customers might just be the ones who help u along the way u never know

hoped this helped lmk if it did

4 0
3 years ago
Partners Gary and Elaine have agreed to share profits and 1osses in an 80:20 ratio respectively, after Gary is allowed a salary
Verizon [17]

Answer:

E) None of the above

Explanation:

In partnership, the partners earn profit. The salary allowances are considered as though paid to a third party and are considered before arriving at the net income.

As such, given that net income is $30,000 and is to be shared in the ratio 80:20 between Gary and Elaine respectively.

Elaine's share = (20/100) × $30,000

                        = $6,000

5 0
3 years ago
Tom Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corp. A month later,
Sliva [168]

Answer:

See the attached excel file for the horizontal statements model.

Explanation:

In the attached excel file, we have:

FA = Financing activity

For event 1:

Cash = $20,000

Common stock = Number of shares * Share price at par = 1,000 * $10 = $10,000

PIC in Excess = Paid in capital in excess = Cash - Common stock = $20,000 - $10,000 = $10,000

For event 2:

Cash = Number of shares issued * Price per share = 2,000 * $2.50 = $50,000

Common stock = Number of shares * Share price at par = 2,000 * $10 = $20,000

PIC in Excess = Cash - Common stock = $50,000 - $20,000 = $30,000

Download xlsx
3 0
3 years ago
Samantha works as a marketing manager for a cosmetics manufacturer. She plans to suggest a specific type of business model that
galina1969 [7]

<em>A) Franchise is a business model Samantha have in mind.</em>

Answer: <em>A) Franchise </em>

Explanation:

Franchise is the business model which is adopted by many business organisation for the purpose of business expansion. Where the other new business holders carry out the business using the company's procedure, brand name etc.

Under the same name and business line, the business is carried out by the new reciters and a amount of their profit is earned by the owner of the business. Here in this case Samantha is using Franchise business model.

8 0
3 years ago
Read 2 more answers
. Dallas Wildcat Drilling Co. sells an oil-drilling rig for $3,000,000. The drilling rig was purchased in 2013 for $2,000,000. D
olga2289 [7]

Answer:

$2,200,000 gain

Explanation:

When the amount received from the disposal of an asset is lower than the carrying or net book value (NBV) of the asset, the company makes a loss on disposal otherwise, the company makes a gain on disposal.

The carrying amount of the asset is the difference between the asset's cost and accumulated depreciation as at the date of disposal.

Asset NBV = $2,000,000 - $1,200,000

= $800,000

Gain/(loss) on disposal = $3,000,000 - $800,000

= $2,200,000

5 0
3 years ago
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