Answer:
he actually died
Explanation:
he died of an accidental drug overdose which caused him to have a seizure.
Answer:
Thomas capital
Equipment $30,000
Inventory 25,000
Cash <u> 45,000</u>
Total <u> 100,000</u>
Explanation:
Equipment : thebook value is $25,000 while the market value is $30,000. the market value of the equipment will be used.
Inventory : the book value is $50,000 while the market value is $25,000. As a result of obsolescence, the inventory will be value at lower of cost and net realizable value(IAS2). therefore, $25,000 will be recognized for the inventory in the determination of Thomas capital
Cash: there is no changes in cash contributed.
Answer:$74
Explanation: it's the average of the last three payments, plus somebody said it on Yahoo answers so it has to be right
Answer:
$300,000
Explanation:
Given that,
Contribution margin ratio = 40%
Company desires to earn a profit = $40,000
Fixed costs = $80,000
Required sales revenue:
= (Fixed cost + Desired profit) ÷ Contribution margin ratio
= ($80,000 + $40,000) ÷ 0.40
= $120,000 ÷ 0.40
= $300,000
Therefore, the sales revenue of $300,000 would have to be generated in order to earn the desired profit.
Answer:
$390000
Explanation:
Given: Beginning inventory= $60000
Cost of goods purchased = $380,000
Sales revenue= $800000.
Ending inventory= $50000.
The Periodic inventory system is used to determine the amount of inventory available at the end of each accounting period.
Cost of goods sold= 
⇒ Cost of goods sold= 
⇒ Cost of goods sold= 
∴ Cost of goods sold= 
.
Hence, $390000 is the cost of goods sold under a periodic system.
