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
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

You might be interested in
Taxes a distort incentives and this distortion causes markets to allocate resources inefficiently. b do not distort incentives,
RUDIKE [14]

Answer:

Letter a is correct. Distort incentives and this distortion causes markets to allocate resources inefficiently.

Explanation:

What happens is that when rates rise, it causes an imbalance in supply and demand, because at higher rates companies are forced to raise prices to offset tax costs, so the pass-through of consumer prices discourages consumption and as a consequence of less consumption, production also decreases, causing the inefficient allocation of market resources.

7 0
3 years ago
What is stock? Explain in your own words.
Roman55 [17]

Answer:Definition: What are stocks? Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. ... When you own stock in a company, you are called a shareholder because you share in the company's profits.

Explanation:

4 0
2 years ago
Common misconception about entrepreneurship
Y_Kistochka [10]

Answer:

1. Entrepreneurs can only be successful if they have large funding backing them.

2. Entrepreneurs have cushy hours.

3. Entrepreneurs have to do everything themselves.

5. Entrepreneurs have to take huge risks.

7. Entrepreneurs are never stressed out.

8. Entrepreneurs are all wealthy.

9. Entrepreneurs are their own boss.

10. Entrepreneurs have more personal time.

4 0
3 years ago
What kind of consumer is a human in the food chain??
djyliett [7]
Predator, because thats pretty much all we do.
7 0
3 years ago
Bond funds: a) Will lose all value if a single bond defaults b) Are investment bargains because their price is so low c) Are ris
Vsevolod [243]

Answer:

Spread the risk of individual bonds by collectively owning more and less-risky bonds, with higher and lower rates of return

Explanation:

A bond fund is a pooled investment vehicle that invests in various types of bonds. the types of bonds invested in includes cooperate bonds, government bonds and municipal bonds.

The primary objective of bond funds is to generate revenue for investors

Because bond fund is an aggregation of various types of bonds, the risk of the bond fund is lower than the risk of holding any corporate bonds. This is because risks are spread.

4 0
2 years ago
Other questions:
  • Is 6ixnine getting out of jail this year?
    7·2 answers
  • Because public goods are:
    14·1 answer
  • It's the real thing. was the slogan for: wendy's, pepsi, coca cola?
    15·1 answer
  • Isabella was hit by a car while she was walking on the road and sustained minor injuries. She filed a case against the car drive
    15·1 answer
  • What are the steps involved in identificaton of risk analysis?
    15·1 answer
  • At a unit price of $992, the quantity demanded of a certain commodity is 74 pounds. If the unit price increases to $1034, the qu
    15·1 answer
  • Compute the variances in dollar amount and in percentage. (Round to the nearest whole percent.) Indicate whether the variance is
    8·1 answer
  • A series of 10 end-of-year deposits is made that begins with $5,000 at the end of year 1 and decreases at the rate of $300 per y
    5·1 answer
  • Brand equity results in lucrative brand Blank______ opportunities, when another company wishes to pay a royalty or fee to use yo
    5·1 answer
  • In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing dif
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!