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
miss Akunina [59]
3 years ago
11

The following information was taken from the 2011 income statement of Ultimate Sales: Pretax income, $12,000; Total operating ex

penses (not including income taxes), $21,000; Sales revenue, $120,000; Beginning inventory, $11,000; and Purchases, $90,000. Compute the amount of the ending inventory for the company:
Business
1 answer:
Hitman42 [59]3 years ago
3 0

Answer:

Ending inventory = 14,000

Explanation:

First, we must clear the COSG from the Pretax Income calculation:

Pretax income = Sales revenue - COSG - Total operating expenses

COSG = Sales revenue - Total operating expenses - Pretax income

COSG = 120,000 - 21,000 - 12000

COSG = 87,000

With this data we can clear the ending inventory of the COSG formula:

COSG = Beginning inventory + Purchases - Ending inventory

Ending inventory = Beginning inventory + Purchases - COSG

Ending inventory = 11,000 + 90,000 - 87,000

Ending inventory = 14,000

You might be interested in
Most four-year colleges want to see that you have participated in community service and extracurricular activities because?
yKpoI14uk [10]
It reflects positively on the college and it shows that you have respect for others are willing to help as well.
4 0
3 years ago
Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded
PIT_PIT [208]

The question is incomplete. Here is the complete question

Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television. How much does the quantity demanded for DVRs change if the p rises by $40? A) drops by 10,000 DVRs B) increases by 16,000 DVRs C) drops by 2,500 DVRs D) increases by 4,000

Answer:

Drops by 10,000 DVRs

Explanation:

The demand for digital video recorders is expressed by

Q= 250- .25p+4pc

Where

Q represents the quantity demanded by the customers

P represents the price of DVR

pc represents the price of cable television

Since the factor of p in the expression above is negative, this implies that the quantity of DVR demanded in the market will reduce

If the price of DVR increase by $40, then the quantity demanded will reduce by

= 0.25×40×1000

= 10×1000

= 10,000 units

Hence the quantity of DVRs drops by 10,000 DVRs if the price is increased to $40

3 0
2 years ago
What is approximate debt of the United States right now
Olenka [21]

Answer:

$27 trillion.

Explanation:

5 0
2 years ago
Read 2 more answers
Which of the following statements is​ correct?
vladimir2022 [97]

Answer:

C. Governments have a difficult time​ fine-tuning the economy by using fiscal policy because there are several time lags and these are often variable.

Explanation:

Fiscal policy includes two important tools, one is taxation and the other is government spending, the balance of which is essential for the sustainable economy, however the collection of expected tax and the nature of spending (also include the priorities) takes time and certain variable factors e.g. economic growth (GDP), employment, inflation, etc makes it difficult for the government to fine tune the economy.

8 0
3 years ago
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs include
nikklg [1K]

Answer:

Check the explanation

Explanation:

The above question is based on a non-linear programming model, to answer this question, there will be a need to determine the optimal order quantities of the three different Ferns with diverse values of annual demand, item cost as well as order cost objective of the non-linear programming model is to minimize the overall annual cost.

Step 1: Setup a spreadsheet on Excel, as shown in the first and second attached images below:

Note: The values of quantities of the three items is kept as 1 to for the calculations of total cost.

The Solver dialogue box will appear. Enter the decision variables, objective function and the constraints, as shown in the third attached image below:

7 0
3 years ago
Other questions:
  • Samantha goes to the grocery store to make her monthly purchase of ginger ale. As she enters the soft drink section, she notices
    9·1 answer
  • The chart shows taxable income. which explains a difference between income and taxable income? income is what a person earns, wh
    15·2 answers
  • When a natural monopoly exists, it is
    9·1 answer
  • If the dollar falls by 20% against the euro and rises by 10% against the yen, which of the following values for European and Jap
    9·1 answer
  • Researchers have found that before buying a new car, consumers tend to look at ads for all makes and models of cars. However, on
    11·1 answer
  • Which are the best examples to use in a career portfolio?
    13·1 answer
  • Which of the following actions is least likely to help prevent and detect schemes involving fraudulent invoices from non-accompl
    11·2 answers
  • Required information Skip to question [The following information applies to the questions displayed below.] The December 31, 202
    12·1 answer
  • In 2019, Ivanhoe Company had a break-even point of $385,000 based on a selling price of $7 per unit and fixed costs of $115,500.
    15·1 answer
  • A firm purchased $120,000 worth of light general-purpose trucks. The operations of the trucks lead to annual income of $60,000 f
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!