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balu736 [363]
3 years ago
9

Cost of goods manufactured for Branson Books for the year was $860,000. Beginning work-in-process inventory was $40,000. Ending

work-in-process was $60,000. If the beginning finished goods inventory was $400,000 and the ending finished goods inventory was $990,000.
Required:
What was the cost of goods sold for the year?
Business
1 answer:
Crank3 years ago
5 0

Answer:

Cost of goods sold = $270,000

Explanation:

Given:

Cost of goods manufactured = $860,000

Beginning work-in-process = $40,000

Ending work-in-process = $60,000

Beginning finished goods = $400,000

Ending finished goods inventory = $990,000

Computation:

Cost of goods sold = Cost of goods manufactured + Beginning finished goods - Ending finished goods inventory

Cost of goods sold = $860,000 + $400,000 - $990,000

Cost of goods sold = $270,000

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Lynna [10]
There are two related questions for this problem. Check the attached file for the answers.

5 0
3 years ago
A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. what is one initiative that cou
a_sh-v [17]

A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. "Provide special attention to your most important clients by adapting your services to their needs."  is one initiative that could be planned and implemented to achieve this goal

This is further explained below.

<h3>What is one initiative that could be planned and implemented to achieve this goal?</h3>

Generally, A company's long-term objective is to dominate both its industry's price point and level of service.

Among the many strategies that may be developed and put into action to accomplish this would be to "provide your most valuable customers individualized service tailored to their specific requirements."

In conclusion,  Strategic goals are the particular financial and non-financial objectives and achievements that a firm seeks to accomplish over the course of a specified period of time, often the next three to five years.

These goals may be broken down into two categories: financial and non-financial.

Read more about Strategic goals

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4 0
2 years ago
Why does Porsche hedge its foreign exchange exposure? Does it make sense, from the perspective of shareholders, for Porsche to h
Pavel [41]

Answer:

Porsche hedges its foreign exposure to prevent it from the volatile currency market.

Hedging makes sense from the shareholder's perspective.

Hedging makes sense from the management perspective

The potential difference in interest between management and shareholders on the hedging strategy exists.

Explanation:

- Porsche hedges their foreign exposure to prevent it from the volatile currency market. The foreign operations of Porsche from the overseas implies that it has to convert its currencies to various denominations to US Dollar. so it faces the translation, economic and transaction exposure due to the fluctuating currency markets and exchange rates. In such a case, the Porsche has to hedge foreign exposure by using currency swaps or future contracts to ensure the loss from currency exchange is minimized.

- Yes, it makes sense from the shareholder's perspective to hedge because it protects the earnings of the company since the shareholders want their earnings to be maximized.

- Yes, hedging makes sense from the management perspective. The management are the agents of the shareholders and thus try to pursue hedge strategy on behalf of the shareholders to ensure the earnings are protected and losses due to currency exposure are minimized.

- There exists differences in interest between management and shareholders on the hedging strategy. The potential difference in interest between the shareholders and the management is due to the risk level.

5 0
3 years ago
Judy served as director of marketing for a Florida homebuilder. She was terminated within an initial 90-day assessment review pe
algol13

Answer and Explanation:

a.

According to the United States law that governs whistle blower protection, the whistle blowers could be protected from expected retaliation that can be from a team or an individual for company violation in terms of laws, rules, etc

Also it protects the permanent employees and the workers who work on temporary basis that report the major mistakes

So here the Judy would be eligible for the whistleblower protection

b.

The factors that need to be considered are as follows;

1. The actions that breaks the rules of the company

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6 0
3 years ago
Which of the following statements is true about expropriation?
Tpy6a [65]

Answer:

Firms at the greatest risk of expropriation are in extractive, agricultural, or infrastructural industries such as utilities and transportation.

Explanation:

Governments are more interested in this kind of business, as often, in developing countries, <em>extractive</em> and <em>agricultural</em> create genuine richness, usually more than others as <em>retail</em> or <em>manufacturing</em>, for example. On the other hand, regarding <em>utilities</em> and <em>transportation</em>, expropriation is made as a consequent of populism measures and not for wealth creation.

8 0
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