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3 years ago

Money used to finance business activities is known as

1 answer:

4 0

In the cash flow statement financing activities refer to the flow of cash between a business and its owners and creditors.

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Suppose an oligopolistic producer assumes its rivals will ignore a price increase but match a price cut. In this case the firm p

andreyandreev [35.5K]

Answer: C) demand curve as kinked, being steeper below the going price than above.

Explanation:

For an oligopolistic producer, who assumes that its rival would ignore a price increase but match a price cut, the perception of the firm about it demand curve is that it would be kinked, being steeper below the going price than above.

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4 years ago

The following data (in thousands of dollars) have been taken from the accounting records of Karmint Corporation for the just com

Fittoniya [83]

Answer:

B) $420

Explanation:

Raw materials inventory, beginning - $50

add: purchases of raw materials - $150

less: raw materials inventory, ending - $40

equals: raw materials used - $160

add: direct labor - $140

add: manufacturing overhead - $160

equals: Total Manufacturing Cost - $460

add: work in process inventory, beginning - $30

equals: Cost of Goods Put into Process = $490

less: work in process inventory, ending - $50

equals: Cost of Goods Manufacture - $440

add: finished goods inventory, beginning - $80

equals: Cost of Goods Available for Sale - $520

less: finished goods inventory, ending - $100

equals: Cost of Goods Sold - $420

Cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold in a company.

This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good.

It excludes indirect expenses, such as distribution costs and general and selling expenses.

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4 years ago

During the year ended December 31, 2022, Bjornstad Corporation had the following results: net sales $267,000, cost of goods sold

aliya0001 [1]

Answer:

profit margin 34.61%

Explanation:

$profit \: \: margin = \frac{profit}{sales}$

The profit margins represents how many cent or the percentage of sales which converts into net income.

net income: 92,400

net sales: 267,000

$profit \: \: margin = \frac{92,400}{267,000}$

profit margin = 0.346067415 = 34.61%

7 0

3 years ago

Use the following Window Breeze Company income statement to answer the question. Window Breeze Company is a small manufacturer o

Vikki [24]

Missing information:

How much is the value of full costing ending inventory?

Answer:

$8,750

Explanation:

1,000 units were produced and 800 were sold, so ending inventory = 200 units

total production cost per unit (under full costing) = $35,000 / 800 = $43.75

ending inventory = $43.75 x 200 = $8,750

Full costing basically refers to absorption costing, which calculates COGS using both variable and fixed costs (total production costs).

8 0

4 years ago

True or False:

Lena [83]

Answer: True.

Explanation:

Here, the statement is related to the economic theory of demand, not with economic theory of supply. So, we are considering only law of demand.

The statement is true according to the economic theory of demand.

Economic theory of demand states that other things remains constant, increase in the price of a commodity results in lower demand for that commodity and vice versa. There is an inverse relationship between the price and demand of a commodity.

Economic theory of supply states that other things remains constant, increase in the price of a commodity results in higher supply for that commodity and vice versa. There is a direct relationship between the price and supply for a commodity.

8 0

3 years ago