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Nadusha1986 [10]
2 years ago
13

Cost of goods sold is determined only at the end of the accounting period in.

Business
1 answer:
sladkih [1.3K]2 years ago
7 0
<h3>Answer:</h3>

Under the periodic inventory system.

What is periodic inventory system?

Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.

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Frantic Fast Foods had earnings after taxes of $1,070,000 in 20X1 with 311,000 shares outstanding. On January 1, 20X2, the firm
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Answer:

X1 EPS =  $ 3.44 per share

X2 EPS = $ 3.88 per share

Explanation:

EPS = \frac{income}{shares}

X1: Earning per share

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X2: net income calcualtions

1,070,000 x ( 1  +  24%) = 1,326,8‬00

X2 shares outstanding:

beginning 311,000 + issued 31,000 = 342,000

EPS: 1,326,800 / 342,000 =  3,8795 = 3.88

7 0
3 years ago
If the economy is experiencing an inflationary gap, the Fed should conduct ______ monetary policy to ______ aggregate demand.
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The answer is Contractionary and Decrease
6 0
2 years ago
Saira, Inc. has the following income statement (in millions): SAIRA, INC. Income Statement For the Year Ended December 31, 2017,
AysviL [449]

Answer:

60%

Explanation:

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=\frac{Cost Of Goods Sold}{Sales}

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5 0
3 years ago
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Answer: See explanation

Explanation:

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Credit: Cash $2500

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Credit: Cash $1950

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Debit: Gasoline $275

Credit: Cash $275

September 30:

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3 0
2 years ago
The owner of a major league baseball team can fire employees for not winning a pennant, have the city build him a new ballpark,
lawyer [7]
<span>Weber would consider this an exercise in power in the social stratification model. The owner has the ability to have others do what he wants them to do. He is able to set goals that can be achieved even with others opposing them.</span>
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