The diffusion of innovation refers to the rate at which consumers _____

Colbert Inc. acquired 100% of Stewart Manufacturing on January 2, 2020. During 2020, Colbert sold Stewart $640,000 of goods, whi

scoray [572]

Based on the information given the consolidated cost of goods sold for 2021 is $6,092,800.

First step is to calculate 2021 Intra-Entity Gross Profit

2021 Intra-Entity Gross Profit= ($1,000,000 − $820,000) ×15%

2021 Intra-Entity Gross Profit= $180,000 × 15%

2021 Intra-Entity Gross Profit= $27,000

Second step is to calculate 2020 Intra-Entity Gross Profit

2020 Intra-Entity Gross Profit= ($640,000 − $450,000) ×18%

2020 Intra-Entity Gross Profit=$190,000 ×18%

2020 Intra-Entity Gross Profit = $34,200

Third step is to calculate consolidated cost of goods sold for 2021 using this formula

Consolidated COGS = Parent's COGS + Subsidiary's COGS− Total COGS in Intra-Entity Transfer − Intra-Entity Gross Profit Deferred from 2020 + Intra-Entity Gross Profit Deferred from 2021

Let plug in the formula

Consolidated COGS =$5,800,000+ $1,300,000- $1,000,000-$34,200 +$27,000

Consolidated COGS = $6,092,800

Inconclusion the consolidated cost of goods sold for 2021 is $6,092,800.

Learn more here: brainly.com/question/14775785

6 0

2 years ago

The elements of a brand that cannot be spoken are called the ______.

Mariulka [41]

The elements of a brand that cannot be spoken are called the brand mark.

Every band has its properties and elements such as the brand name and

brand equity which can be spoken to describe what the brand is all about.

These elements are usually unique and helps to describe the brand and its

operations.

However , the brand mark is like a logo and contains pictorial properties

which can be seen.

Read more on brainly.com/question/25243470

6 0

2 years ago

$5,000 is invested in two different accounts yielding 3% and 3.5% interest. The interest earned on the two accounts is $155. How

Ne4ueva [31]

$4000 was invested at 3% interest.

<u>Solution:</u>

Assume that x and y represent the amount at 3.5% and 3% respectively. So, according to the given statements we get two equations,

$x+y=5000\rightarrow(1)\\\\3x+3.5y=15500\rightarrow(2)$

On multiplying equation (1) by 30 and equation (2) by 10 we get,

$30 x+30 y=150000\\\\30 x+35 y=155000$

On solving both the equations we get,

$\Rightarrow5y=5000\rightarrow y=\frac{5000}{5}\rightarrow y=1000\rightarrow(3)$

On substituting (3) in (1) we get,

$\Rightarrow x+1000=5000\rightarrow x=5000-1000\rightarrow x=4000$

Therefore, $4000 was invested at 3% interest and $1000 was invested at 3.5% interest.

6 0

3 years ago

A graph of the quantity sellers produce at all different prices is called

egoroff_w [7]

Answer:

A: Supply curve

Explanation:

The supply curve is a graphical illustration of the quantities of goods and services that firms are willing to sell in the market at different prices. As per the law of supply, the higher the price, the more quantities suppliers will be willing to produce. There exists a direct relationship between price and quantity supplied.

The supply curve is upward sloping. It illustrates how the quantity supplied changes at different prices. The supply curves can be described as the graphical presentation of the law of supply.

3 0

3 years ago

Stu owns an ice cream parlor that is usually closed during the winter. This winter, however, Stu is considering opening his busi

blsea [12.9K]

Answer:

a) open in February because the $4,000 of total revenue exceeds the $3,500 of variable costs.

Explanation:

In the short run, when the demand for a product decreases below break even point, a business should remain in operations as long as the total revenues are equal or larger than variable costs.

In this case Stu will only earn $4,000, which is not enough to make a profit, but will cover all the variable costs. If he remains closed during February, he will still have to pay $1,500 in fixed costs.

3 0

3 years ago

The diffusion of innovation refers to the rate at which consumers ______ a given product or service.