Answer:
COGS= $920,000
Explanation:
Giving the following information:
Beginning inventory= $55,000
Ending inventory= $45,000
Purchases= 210,000 + 130,000 + 160,000 + 410,000= $910,000
<u>To calculate the cost of goods sold (COGS), we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 55,000 + 910,000 - 45,000
COGS= $920,000
Answer:
"$10,000" is the appropriate solution.
Explanation:
According to the question, the values are:
Future cash flows,
= $2,10,000
Amortization Cost,
= $2,20,000
Now,
The loss amount will be:
= 
On substituting the given values, we get
= 
= 
Answer: $338712.36
Explanation:
Given the following :
APR = 6.35% = 0.0635
Monthly payment = $1800
Cost of home = $340,000
Period (t) = 420
Monthly rate = 0.0635 / 12
Amount paid on loan = PV of monthly payment :
PMT(1 - (1 / (1 + r)^t)) / r
1800[(1 - (1 / (1 + 0.0635/12)^420)) / r]
1800[ (1 - (1 /9.1764488)) / r
1800[ 1 - 0.1089746] / (0.0635 / 12)
1800 [168.38275]
= $303088.95
Hence, amount yet to pay :
$340,000 - $303088.95 = $36911.05
Hence, balloon payment :
36911.05( 1 + r)^t
36911.05(1 + 0.0635/12)^420
36911.05(1 + 0.0052916)^420
36911.05(1.0052916)^420
36911.05 × 9.1764488
= $338712.36
Answer:cost of goods sold for Liberty to enter on her Schedule C = $12,000
Explanation:
Cost of goods sold (COGS) of a company are all the costs ie( the raw materials and labor ) involved directly in the production of the particular goods sold by the company.
Given
Beginning Inventory = $50,000
Purchases regarding Labour and materials= $20,000
Ending inventory = $58,000
Cost of Goods Sold is calculated as Beginning Inventory + Purchases During the Period – Ending Inventory
$50,000 + $20,000 - $58,000
$70,000 - $58,000
$12,000
Answer:
illegal but ethical.
Explanation:
The actions of Flickczar selling distribution rights to distributors in underserved areas at low prices, and to other areas at normal price is illegal because it is reliant on a suspect category (based on underserved or disadvantaged communities).
The action is ethical because it aims to improve the lives of those that have lower level of living compared to others.
So Flickczar's business practice is illegal but ethical.
