The inventory indicates that the cost of goods sold will be $25000.
How to calculate the cost of goods soldIt 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.
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The cost of goods sold (COGS) is a crucial financial metric for a company, as it directly relates to the cost of producing the goods or services that a company sells. In your case, you're looking at a retail or wholesale type of business, where COGS involves the purchase cost of the inventory items that were sold during the year.
Here is how you would calculate the cost of goods sold in your situation:
1. Beginning Inventory: This is the value of all the goods available for sale at the beginning of the year. In your case, it's $10,000.
2. Purchases: During the year, the company purchases additional goods to sell. In your case, this amount is $20,000.
3. Available for Sale: The total cost of every item that the company could possibly sell during the year is the beginning inventory plus the purchases. So, in your case, that's $10,000 (beginning inventory) + $20,000 (purchases) = $30,000.
4. Ending Inventory: This is the value of all goods still available for sale at the end of the year. In your case, it's $5,000.
5. Cost of Goods Sold (COGS): This is calculated by subtracting the ending inventory from the total available for sale. Essentially, if you started with a certain amount of goods, added more, and then ended with a certain amount, the difference must be what was sold during the year. In your case, it's $30,000 (available for sale) - $5,000 (ending inventory) = $25,000.
So, your Cost of Goods Sold (COGS) for the year is $25,000. This means the company spent $25,000 during the year on inventory that it sold.
In the United States, a trademark Group of answer choices must be renewed every 10 years. can be sold to potential users. has a short life. cannot be registered until it is actually in use. can easily be registered.
Answer: 10
Explanation: yahoo
When dealing with customers, you should: ________________-
a. assume the customer already has all the necessary information.
b. discuss only the issues or points that are in question.
c. explain issues or points clearly or fully.
d. none of these
Answer:
Letter C
Explanation:
explain issues or points clearly or fully
A term for physical good that are bought and sold
Answer:
consumer goods
Explanation:
capital goods are the manufactured that are used in making finished products. these finished products are called consumer goods.
Suppose the United States population encountered a tumultuous time which resulted in a migration of about 10 % 10% of the people from the United States to other nearby countries across all age groups. On a production possibilities curve, this change would
A decrease in labor as a result of migration would lead to the production possibilities curve to shift inward.
What is the production possibilities curve?
The Production possibilities curve shows the various combination of two goods a company can produce when all its resources are fully utilised. The PPC is concave to the origin.
When there is a reduction in labour, the PPC would shift inward.
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Review the statements below and choose the one that correctly describes a controlling account. Multiple choice question. A control account is updated at the end of an accounting period to reflect the net change in all equity accounts. A control account appears in the general ledger and is supported by a subsidiary ledger. A controlling account is a separate account that is a detailed record of a general ledger account. A control account appears in a subsidiary ledger and is supported by a general ledger account.
A control account appears in the general ledger and is supported by a subsidiary ledger.
What is a control account in accounting?A control account is known to be a summary-level account that is found the general ledger.
This account is made up of aggregated totals for transactions that are personally stored in subsidiary-level ledger accounts.
Note that;
The control account in the general ledger is known as Accounts Payable account.When postings are complete, the subsidiary ledger are said to be equal the balance of the Accounts Payable account in the general ledger.The subsidiary ledger is accurate by preparing a schedule of accounts payable and linking it against the balance in the control account.Learn more about controlling account from
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Providing managers with increased visibility of the entire logistics process so that they can improve the efficiency of the entire system is the primary function of any ___ system.
The primary function of supply chain management system is to provide the managers with increased visibility of the entire logistics process so that they can improve the efficiency.
What is the supply chain management?In a firm, the supply chain management refers to an operational section that manages the flow of goods, services, tasks and processes that take place from the input of raw materials to the output.
In conclusion, the primary function of any supply chain management system is to provide the managers with increased visibility of the logistics process.
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What is the difference between national and enterprise.
Answer:
National car rental provides a better overall service when compared to Enterprise car rental. National rental offers a more customer-focused service with better-quality cars in more convenient locations.
Explanation:
What is the difference between federal and private loans.
Answer:
federal loans are provided by the government and private loans are provided by banks, credit unions, and other financial institutions.
Explanation:
A ________ is someone who analyzes multiple, disparate data sources in order to discover insights that will provide a competitive advantage.
What is Bitcoin? Why did Elon Musk invest in Bitcoin?.
Answer:
Bitcoin is expensive currency and Elon musk invented it for....... profit!
Explanation:
L0l
Global firms used advanced _______ to target markets, develop social media, track products in the supply chain, and enable robots and drones to perform tasks that provide customer service. wireless phone technology outsourcing blockchain technology
Analytics is the systematic technological analysis of data or statistics. Consequently, advanced analytics is used to track products.
Uses of AnalyticsIt is used to discover, interpret, and communication of meaningful patterns in data. It also involves applying data patterns for effective decision-making.
Data Analysts employ data analytics means in their research, and businesses also use it to determine their decisions. Data analysis can help organisation understand their customers, create content strategies and develop productsTherefore, the correct answer is analytics.
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The us govt. Banned cigarette ads on tv and radio after january 1971. After the ban took effect you would expect that.
Answer:
the cigarettes industry would lose buisness
Explain the importance of conciseness in business writing and microblogging. Then describe three techniques you can use to make your writing concise. Give a before-and-after example of each technique.
The importance of conciseness in business writing and microblogging is related to conveying your main ideas more directly to generate understanding and retain your audience's attention faster.
Techniques for writing more conciselyIt is essential that the communication is aligned with the potential audience, always looking to make it more attractive and appealing to your goal. To achieve this end it is necessary:
Eliminate redundanciesShorten long sentencesEliminate ambiguityUse active voiceTherefore, you can apply these techniques to any text whose meaning is a quick communication, as in the digital medium, and an advertising message, increasing engagement and reaching the central objective.
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If the price that a firm charges is higher than its _______________ cost of production for that quantity produced, then the firm will earn profits.
When the price that a firm charges is higher than its average cost of production, then there would be higher profit.
What is average cost?The average cost serves as the total cost of production divided by the number of units produced.
When there is higher charges by a company above its average cost of production, then there would be good profit.
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In the cpi, goods and services are weighted according to.
Answer:
A consumer price index (CPI) is usually calculated as a weighted average of the price change of the goods and services covered by the index.
Explanation:
The weights are meant to reflect the relative importance of the goods and services measured by their shares in total consumption of household.
When entrepreneurs check out all the data for customers by going to where they will sell the products and then estimating realistic sales, they are using the ______. Tornado gut check bottom-up analysis competition
A bottom-up analysis is used by an entrepreneurs when they check out all the data for customers by going to where they will sell the products.
What is a bottom-up analysis?A bottom-up analysis refers to an analysis that is used when existing components are selected and integrated into study of a product performance.
Also, the bottom-up analysis focuses more on individual's specific characteristics and micro attributes.
Therefore, the Option C is correct.
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In the ethical decision-making framework, the main difference between identifying the stakeholders and considering how those stakeholders might be impacted by a decision is that.
The difference between the identification of the stakeholders and the impact of ethical decision-making on the stakeholders is that A. as the firm identifies the stakeholders, it must anticipate which ones will be most affected by the decision being made.
What is ethical decision-making?Ethical decision-making involves the evaluation and choice of the best alternatives that are consistent with the organization's ethical principles.
In making ethical decisions, the organization should eliminate unethical options so as to select the best ethical alternatives.
Answer Options:A. as the firm identifies the stakeholders, it must anticipate which ones will be most affected by the decision being made.
B. after a firm identifies the stakeholders affected, it must then consider the future implications of the decision being made.
C. a firm only needs to identify the stakeholders affected if feedback from the monitoring and assessing step indicates there is a need to do so.
D. a firm only needs to consider the impact of the decision if the stakeholders identified indicate there is a need to do so.
E. before a firm identifies the stakeholders affected, it must first consider the future implications of the decision being made.
Hence, Option A. is correct.
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The transferring of business functions or processes to other companies has traditionally been known as
In which sequence will events occur when the economy adjusts to an expansionary monetary policy, in the short run and then in the long run?.
Answer:
1. The Fed uses open market operations to increase the money supply, thus lowering interest rates and stimulating investment.
Expansionary monetary policy is done to stimulate economy by increasing money supply. It lowers interest rates and leaves more money for consumption and investment.
2. Increased aggregate demand leads to some higher prices and more total output.
Increased AG will lead to prices being higher in response. This would spur producers to produce more thereby increasing output.
3. Sticky input prices adjust to inflation.
Input prices will rise overtime to match the increase in prices.
4. Producers lay off some workers in response to higher input prices, causing a decrease in aggregate supply.
When the inputs rise, production becomes more expensive so producers will have to lay off workers to maintain profitability. They will also supply less goods as a result.
5. In the long run, equilibrium returns to the same initial production level.
In the long run therefore, the reduction in AS leads to production returning to pre-monetary policy figures.
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50 points please help
Susan runs a factory in Texas that produces heaters. She has done a cost analysis on production and found that it would cost her $5.40 US to buy the input materials in the United States (per heater); 5.4 pesos (Mexican currency) in Mexico (per heater); and $6.00 Canadian (in Canada). All transport costs are included in the input cost. Assume the exchange rate for the peso to be $0.80 of $1.00 US, and that $1.00 Canadian is $0.90 US. What production structure should Susan’s factory use?
A. import materials from Canada
B. import materials from Mexico
C. export materials to Mexico
D. use materials from the United States
A peso is worth 0.80 US money
5.4 pesos x 0.80 = $4.32 US
$1 Canadian is 0.90 US
6.00 x 0.90 = $5.40 US
buying from Mexico works out to be the lowest US cost.
answer: Import materials from Mexico
Note the exchange values
1peso=0.8$(US)1canadian=0.9$For Canadian
cost is 6(0.9)=5.4$For Mexico
cost=5.4(0.8)=4.3$Hence Mexico is better choice for import
Option A
Having unique accounts set up to access patient data is….
It should be noted that having unique accounts set up to access patient data is important for standardizing patient identification.
Who is a patient?A patient simply means an individual who is undergoing treatment in a hospital.
Having unique accounts set up to access patient data is important for standardizing patient identification.
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Bart's Inc. operates retail stores in various cities. Segmented income statements are prepared for each store and for each product line in each store. The property tax for the store is a(n)____fixed cost for the store, and a(n)_____fixed cost for each product line sold in the:______.
The words that complete the statement on Segmented income are
Traceable common StoreSegmented Income StatementWith Bart's Inc. being the company in question, A segmented income provides information by breaking down revenues and expenses by business unit, like in our case the various product lines product line
Therefore The property tax for the store is a(n) Traceable fixed cost for the store, and a(n) common fixed cost for each product line sold in the Store
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If Malaysian companies are highly efficient in the production of textiles and U.S. companies are highly efficient in the production of computer software, under a _______ agreement, capital would move to Malaysia and be invested there to produce textiles, while capital from around the world would flow to the United States and be invested in its innovative software companies.
If Malaysian companies were more efficient in textile production and the U.S. was more efficient in computer software, they should sign a Free trade agreement.
What would a free trade agreement do?A free trade agreement allows for countries to be able to trade without any restrictions.
Implementing a free trade agreement here would allow funds to freely move to Malaysia for textile production, and to the U.S. for software companies.
In conclusion, this is a free trade agreement.
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In a market economy, who makes the decisions that guide most economic activity?.
Answer:
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
Explanation:
Please tell me if correct If so branliest would be nice
RJ has two loans. Loan H has a nominal rate of 5. 68%, compounded daily. Loan I has a nominal rate of 6. 33%, compounded monthly. Which loan's effective rate had the greater increase, relative to its nominal rate, and how much greater is its increase than that of the other loan? a. Loan I’s increase was 0. 03 percentage points greater than Loan H’s. B. Loan I’s increase was 0. 68 percentage points greater than Loan H’s. C. Loan H’s increase was 0. 16 percentage points greater than Loan I’s. D. Loan H’s increase was 0. 49 percentage points greater than Loan I’s. Please select the best answer from the choices provided A B C D.
The loan with the greater increase in effective rate is the loan (I). It is greater by 0.19%.
What is the effective rate?The effective rate is also called the actual rate paid on a loan. It takes into account the effect of compounding.
Formula:
[tex]\text{i}=(1+\dfrac{r}{m})^m-1[/tex]
Where, r = Nominal Rate,
m= number of compounding.
Computation of Effective interest rate:
The effective rate of interest of loan (H) is:
[tex]\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.0568365)^3^6^5-1\\\\\text{i}=0.058439\\\\I=0.058439\times{100}\\I=5.8439\%[/tex]
The effective rate of interest of loan (I) is:
[tex]\text{i}=(1+\dfrac{r}{m})^m-1\\\\\text{i}=(1+0.063312)^1^2-1\\\\\text{i}=0.065169\\\\I=0.065169\times{100}\\I=6.5169%[/tex]
The differences between the effective rate and the nominal rates of the loans:
Loan H = 5.84%—5.68% = 0.16%
Loan I = 6.52%—6.33% = 0.19%
Therefore, the difference of interest of loan (I) is more than the loan (H) by 0.19%.
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If Jordan makes only the minimum monthly payments in March, April, and May, what will his balance be after he makes the minimum payment for May? (Assume that interest is compounded before the monthly payment is made, and that the monthly payment is applied at the end of the month. Round all dollar values to the nearest cent. ) a. $1,094. 10 b. $988. 97 c. $967. 60 d. $1,070. 23.
Answer:
b. $988. 97
Explanation:
The development and delivery of---------- involves applying specialized competencies and performing deeds and processes for purposes of benefiting others that also profit the marketer. Benefitting others generally means customers' problems are solved (i.e., their needs are satisfied). There is one absolutely best answer, because the initial statement always defines this specific word.
Answer:
The answer is services
Explanation:
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The owner of a landscaping business has noticed that none of his competitors are including ponds or other water features in the gardens they create. The landscaper wants to determine the viability of this business opportunity What should this entrepreneur do FIRST before offering to design and build water features as part of his landscaping business? оооо
Contact the water department to see if they can support the extra demand for water.
Ask the customers in the area if they are interested in adding a water feature to their gardens.
Determine if there is a supply chain available. Perform a financial audit to determine if there is
enough money available to add the new service.
What the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
LandscapingSince none of his competitors are including ponds or other water features in their gardens.
When determining the viability of the business opportunity the first step is for the owner of the landscaping business to all ask the customers in the area whether they are interested in adding a water features to their garden.
Inconclusion what the entrepreneur should do FIRST before offering to design and build water features as part of his landscaping business is: Ask the customers in the area if they are interested in adding a water feature to their gardens.
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Answer:
Ask the customers in the area if they are interested in adding a water feature to their gardens...
Explanation:
The article mentions that if you are owed a refund from the irs, you won’t be penalized if you file your tax return late. However, why might you want to file your tax return on time?.
You might want file your tax return on time to avoid penalty.
What is tax return?Tax return is the tax amount that a person or an individual remit to the government.
You wont be penalized if you file your tax return late but you might be penalize if you refuse to file your tax return within the stipulated due date or before the due date given to you by tax authority.
Inconclusion you might want file your tax return on time to avoid penalty.
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Match the following parts of the sales recruitment effort with its definition.
i. A job analysis
ii. A job description
iii. Job qualifications
a. A written document that describes job relationships and requirements that characterize each sales position.
b. A study of a particular sale position, including how the job is to be performed and the tasks that make up the job.
c. The aptitudes, knowledge, skills, and a variety of behavioral characteristics considered necessary to perform the job successfully.
Answer:
i) a
ii) b
iii) c
Explanation:
