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
stich3 [128]
3 years ago
13

A company started the year with $10,000 of inventory. Purchases for resale during the year were $20,000. Inventory on December 3

1 is $5,000. What's the cost of goods sold
Business
1 answer:
Monica [59]3 years ago
7 0

The inventory indicates that the cost of goods sold will be $25000.

<h3>How to calculate the cost of goods sold</h3>

It should be noted that the cost of goods sold ic calculated through the formula:

= Opening inventory + Purchases - Closing inventory

= $10000 + $20000 - $5000

= $25000

Therefore, the cost of goods sold is $25000.

Learn more about inventory on:

brainly.com/question/24868116

You might be interested in
Received a $665 deposit from a customer who wanted her piano rebuilt in February. Rented a part of the building to a bicycle rep
andrey2020 [161]

Answer:

1. Dr Cash 665

        Cr Advance from customer   665

2. Dr Cash  685

           Cr     Other income   685

3. Dr cash   18675

      Cr   Account receivable    18675

4. Dr Account receivable     9600

          Cr        Sales revenue         9600

5. Dr Cash     8000

             Cr Account receivable      8000

6.Dr Utility expense   395

            Utility expense payable     395

7. Dr Supplies   1255

         Cr            Accounts payable   1255

8. Dr Accounts payable   2600

               Cr Cash                    2600

9.Dr Salaries and wages expense   12200

                 Cr Cash                                        12200

Explanation:

4 0
4 years ago
The expansionary phase of the business cycle is characterized by
Leokris [45]

Answer:

<u>increasing real output and reducing unemployment</u>

Explanation:

The expansionary phase of the cycle is business characterized by the i<em><u>ncreasing real output and reducing unemployment.</u></em>

<em> Business cycle refers to that cycle in which there is increase and decrease or fall and rise of output of goods and services.</em>

<em> Business cycle has main four stages expansion ,peak , contraction and trough.</em>

The main cause of business cycle is the forces of supply and demand , expectation of future and it availability of the capability may also cause the business cycle.

Economic cycle is another name of Business cycle . Business cycle plays a crucial rule in the economy as it influence the demand of the consumer.

4 0
3 years ago
Consider the following statements, and indicate which variable is an independent variable and which variable is a dependent vari
Kobotan [32]

Answer and Explanation:

A. When the employees are more educated and have the higher income as compared with the less educated employees so here education would be indepedent variable and the income is dependent variable. Also the relationship between these two variables i.e. education and income is positive

Therefore the same is relevant

8 0
3 years ago
Which of these innovations would not qualify as a dominant design? a. The two wheeled diamond frame bicycle b. Direct online ins
Alecsey [184]

The best answer for this question would be:

d. The 5 string bass guitar

 

This innovation is not a dominant design because it has already been done, and that the attempt of this 5-string would result in a musical failure.

7 0
4 years ago
New cuisine café files a suit in a state court against olive oil inc., alleging a breach of contract. the case proceeds to trial
7nadin3 [17]

Answer:

The answer is A copy of the record on appeal.

Explanation:

NC files a suit in state court against OV, alleging a breach of contract and renders the judgment. If the NC decided to appeal to a state appellate court attorney must file a copy of the record on appeal with prescribed period. Record on appeal contains two parts the legal file and the transcript. The record must be filled in the court within a time period of 90 days.

5 0
3 years ago
Other questions:
  • The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 35.4 C
    13·1 answer
  • Trading one good or service for a good or service of equal value is called
    11·2 answers
  • When interest rates are low, some automobile dealers offer loans at 0% APR, as indicated in a 2016 advertisement by a prominent
    11·1 answer
  • The person who receives financial protection from a life insurance plan is called a: AInsured BBeneficiary CGiver DPayer
    8·1 answer
  • In which market model are the conditions of entry into the market easiest?
    11·1 answer
  • Toys Unlimited has the following cost data available. Direct Materials are $99 per unit. Direct Labot is $55 per unit. Variable
    15·1 answer
  • Global Technology’s capital structure is as follows: Debt 50 % Preferred stock 35 Common equity 15 The aftertax cost of debt is
    13·1 answer
  • Some economists say that economic growth involves a​ trade-off between current generations and future generations. If a current
    8·1 answer
  • Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.
    12·2 answers
  • Which probability distribution is commonly used to model the inherent variability of activity time estimates in project manageme
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!