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Burka [1]
3 years ago
9

Arbor Corporation reports the following: Sales revenue $183,000; ending inventory $12,600; beginning inventory $15,600; purchase

s $64,000; purchases discounts $4,000; purchase returns and allowances $1,500; freight-in $1,000; freight-out $500. Calculate the company's cost of goods sold.
Business
1 answer:
spin [16.1K]3 years ago
4 0

Answer: Cost of goods sold = $62500

Explanation:

Given that,

Sales revenue = $183,000

Ending inventory = $12,600

Beginning inventory = $15,600

purchases = $64,000

purchases discounts = $4,000

purchase returns and allowances = $1,500

freight-in = $1,000

freight-out = $500

Cost of goods sold = Beginning inventory + purchases - purchases discounts - purchase returns and allowances + freight-in - Ending inventory

= $15,600 +  $64,000 - $4,000 - $1,500 + $1,000 - $12,600

= $62500

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3 years ago
When a company sells multiple products, an increase in total sales always results in an increase in total profits.
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Hindsight is a wonderful thing in any business, or in life in general. We could make the best business decisions and maximise earnings if we had access to a crystal ball that could tell us exactly how many people would buy our goods.

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5 0
2 years ago
Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per
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Answer:

$16,440

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His total welfare stipend is $15,000 if he is not able to work during the year.

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3 years ago
Problems with (or leakages from) the money creation process would include an increase in the reserve requirement. unwillingness
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Answer:

The correct answer is unwillingness of borrowers to obtain loans from banks to invest in factories or expansion of the firm.

Explanation:

Solution

<em>Given that:</em>

Leakage problem occurs or happens within an economy when the money goes out of the economy, which leads to a loss in the economic value of goods and services, and also leads to loss in profits making.

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3 years ago
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lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

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3 years ago
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