Answer:
40. Somewhere peaceful surrounded by nature
42. i am actually not sure
Answer:
<em>A. Big steel, a metal manufacturer that has negligible market share in a slow-growing industry</em>
Explanation:
Answer:
Walking to the convenience
store to buy a snack.
Answer: Allowance for the doubtful accounts with a credit balance of $29,600
Explanation:
From the information that is provided in the question, the following can be deduced and the year-end financial statements should show:
Allowance for the doubtful accounts with a credit balance will be calculated as: the beginning allowance for the doubtful accounts + (the sales × Provision % ) - accounts receivable that were written off.
= $3,500 + ($1,110,000 × 3%) - $7,200
= $3500 + $33300 - $7200
= $36800 - $7200
= $29,600
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.
