Answer: $70,000
Explanation: Add ending + Beginning
The cost of goods sold as per the given data of inventories and purchases of inventory is $70,000 during the year.
What is inventory?The products, resources, and equipment that a company keeps on hand in advance of selling them to customers for a profit are referred to as inventory. One can fulfill the needs of your clients and can save money by using inventory management.
The inventory that appears at the beginning of the year refers to as the beginning inventory whereas the inventory which remains at the end of the financial year in business is referred to as the ending inventory.
The calculation for the cost of goods sold
beginning inventory = $20,000
ending inventory = $50,000
purchases of inventory = $100,000
COGS = the starting inventory + purchases – ending inventory
= (20,000+100,000)-50,000
= 120,000- 50,000
= 70,000
Therefore, the Cost of goods sold is $70,000.
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What pricing strategies do McDonalds use.
which country uses a franc as its basic monetary unit?
Answer:
Franc, originally a French coin but now the monetary unit of a number of countries, notably Switzerland, most French and former Belgian overseas territories, and some African states; at one time it was also the currency of France, Belgium, and Luxembourg.
Which action would most likely harm a person's credit score?
A. Completing a credit card application
B. Spending a small portion of a credit limit
C. Researching a credit card's interest rate
O D. Failing to pay minimum monthly payments
Answer: D
Explanation:
Failing to give minimum monthly payments is activity would most likely harm a person's credit score.
What is credit score?Credit score is the creditworthiness of the person and the ability to pay the debt of the credit. Credit score can be build according the previous maintenance and transaction from the account. If the person has good background, the bank can give them more credibility.
Thus, option D is correct.
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which u.s. currency bill was the largest ever printed for public use?
Answer:
The $10,000
Explanation:
"The $10,000 bill was the largest-ever printed denomination for the public, making its first appearance in 1918. The face of Salmon P. Chase, Abraham Lincoln's Secretary of the Treasury and Chief Justice of the Supreme Court, graced the front of this large bill."
how to get all one hundreds on report card
Answer:
well thats easy all you have to do is get a good grade on every single assignment in every class
Explanation:
which is very hard
Answer:
To do your work and stop asking how to get around it on Brainly. Please don't cheat, your teacher can see past that, especially when you copy verbatium like I bet you do.
Explanation:
in what year did starbucks serve its first caffè latte?
Answer:
1984
Explanation:
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for economics students: does anyone have an example of a demand and supply curve diagram for the labour force that is suitably labeled? thanksss :))
An example of consumer spending when calculating the GDP using the expenditures approach is _____.
rent
purchase of weapons for the military
purchase of software
none of the above
purchase of weapons for the military
which constraint does not allow someone to create an order for a nonexistent customer?
Answer:relational integrity constraint
Explanation:
true or false? checks are documented individually on a deposit slip.
Answer:
i believe that it is true
Explanation:
going to the movies is an example of what types of expenses?
Explain the concept of inter cropping in brief . (5) note: it should be of 5 marks
Answer:
Inter cropping is a type of multi cropping where the farmer cultivates two or more crops in a field simultaneously. Inter croping is a sustainable practice that can improve resource-use efficiency, such as nutrients and water, allowing low input agricultural practices.
Explanation:
Pls mark as brainliest
if a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the
If a manufacturer ships merchandise to a retailer on consignment, the unsold merchandise should be included in the inventory of the manufacturer.
What is the manufacturer?A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to make more complicated products.
The economy is enunciated be significantly influenced by manufacturers. Manufacturing has a long history dating back to antiquity. The usual manufacturer, however, was a single skilled artisan with helpers for many centuries. Each craftsperson guarded the methods of production and only taught apprentices. Only manual processes might be used for production.
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to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.
When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage over others.
In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.
Competitive advantage of a firm entails an attribute which enables the company to outperform its competitors such as Increasing customer-base over other firms.
Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.
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what type of cost remains the same per unit at every level of activity?
Answer:
A variable cost
Explanation:
A variable cost remains the same per unit at every level of activity.
I hope this helps.
Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then
The statement which includes one real benefit from shopping with a credit card is:
A. You may earn cash back, travel rewards, or other perks for each dollar you spendA credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit
There are various benefits to using a credit card which include:
A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etcTherefore, the correct answer is option A
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A small software company interviewed candidates for two open positions as quality assurance technicians. The final two selected are equally qualified; a young woman and a fifty year old man. In order to cut employee expenses, the IT manager offered the job to the older man at a salary $15,000 lower than the salary offered to the young woman. This violates the 1963 Equal Pay Act. Which entity is charged with enforcing the Equal Pay Act of 1963 if it is notified
Considering the scenario described in the question above, the entity that is charged with enforcing the Equal Pay Act of 1963, if notified, is "The Equal Employment Opportunity Commission (EEOC)."
The EEOC is the federal agency or entity responsible for enforcing this type of employment discrimination law.
According to the Equal Pay Act of 1963, it is a violation against candidates or citizens for companies to discriminate on wages or salary due to gender.
Hence, in this case, it is concluded that the right agency to call upon is the "The Equal Employment Opportunity Commission (EEOC)."
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the executives of great lakes medical center are writing a statement that explains their organization’s core purpose. great lakes medical center is at the strategic formulation step in strategic management.
Your organization's core purpose statement is a step of Strategic Objectives and Analysis. So the statement presented is False
Strategic management is a term to refers to the process of building a company. In it, all the necessary aspects such as objectives, the public, the market, the mission, among others, are analyzed. This process is generally divided into several steps. Each of the steps is explained below:
Strategic objectives and analysis: In this stage, all the external and internal analysis of the company is carried out to establish its principles.Strategic formulation: In this stage, the goals and objectives of the company are established based on the analysis of the previous stage.Strategic implementation: In this stage, everything that was planned in the previous stages begins.Evaluation and Strategic Control: In this stage, the operation and planning are evaluated and corrections are proposed to improve the weak aspects of the companyAccording to the above, Great Lakes Medical Center executives who are writing a document to explain the central purpose of their organization are in the Strategic Objectives and Analysis stage. So the correct answer is False.
Complete question:
The executives of great lakes medical center are writing a statement that explains their organization’s core purpose. Great lakes medical center is at the strategic formulation step in strategic management.
True
False
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the group of consumers most likely to purchase a particular product are called a
Answer:
A target market.
Explanation:
The group of consumers most likely to purchase a particular product is called the target market.
What is a target market?A target market is a group of people that have been identified as the most likely potential customers for a product because of their shared characteristics such as age, income, and lifestyle.
Identifying the target market is a key part of the decision-making process when a company designs, packages, and advertises its product. A new product must satisfy a need or solve a problem, or both. That need or problem is probably not universal unless it reaches the level of indoor plumbing. More likely, it is needed by a subset of consumers, such as environmentally-conscious vegetarians, or science nerds, or outdoor enthusiasts. It may appeal to a teenager or a middle-aged professional, a bargain-hunter or a snob.
The target market also can inform a product's specifications, packaging, and distribution.
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if the order quantity doubles but the flow rate remains constant, what happens to the sum of ordering and holding costs?
the catalyst for the market revolution was a series of innovations in
The innovation of Transportation and Communication act as catalyst for Market Revolution in the 18th Century.
The term "Market Revolution" describes a fundamental transformation to the U.S. economy in the 18th and 19th Century as a result of widespread mechanization of industry and the expansion of various domestic and foreign economic markets.
The revolution brought about an explosive economic growth and new personal wealth in the country.
The impact of the transportation and communication industry brought about the increased improvement in Market Revolution because its speed and lowered the expense of commerce during the period.
Therefore, in conclusion, the Transportation and Communication are the catalyst for the Market Revolution.
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why should the income statement be prepared first?
Answer:
cash of Aryas 500 withdrawn from the bank for office use find out debit and credit
Identify and explain two ways in which managers could use information obtained in the income statement?
Answer:
An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period.
Explanation:
by what date must taxes be filed in the united states?
Answer:
april 15
Explanation:
its a direct question the isnt an explanation
Using the amount of his current paycheck, Miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?
✅income risk
- interest rate risk
- personal risk
- inflation risk
The Inflation risk is the financial risk might affect Miguel in the future.
The financial risk are risk that pose the possibility of losing one's money on an investment or business venture.
Here, it is obvious Miguel financial goals and strategies may involve investment with his Current paycheck say $1,000,000.
If he invest in a Money market now which pays 10%, Inflation will cause the purchasing power of the amount e invested to reduce in the future.
Thus, the Inflation risk, also called purchasing power risk is the financial risk that might affect Miguel financial goals and strategies.
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differences between productive and service orientated profession
Answer:
ASAP what how and why and who and me
Explanation:
hehe I am noob baby girl I p onge is Canada ducks but
the u.s market is large but many other countries have what advantage over the us
Explanation:
faster growth?? uhm is this a answer chose.
Growing a business often results in growing your
Answer:
Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.
Explanation:
Hope this helps! Have a great day, and spread some positivity!
Which of the following is the best example of a new business that you would see in the economy today?
Multiple Choice
A - Glass manufacturing plant
B -Smartphone production facility
C - Oil refinery
D -Grocery store
E-Subscription-based meal-kit service
Out of all the given options, there is one business that stands out as something most people might not have even heard of.
This unique and novel business is E. Subscription-based meal-kit service.
Glass manufacturing, oil refinery, grocery store businesses have been operating for the longest time. Smartphone production has also existed for 30 years now.
For the past few years, with the rise of tech industries and tech jobs, urbanites are finding it hard to cook meals and had started eating out or dining at restaurants more often.
Seeing this as an opportunity to serve busy people home-cooked meals, many chefs and food businesses have started something called a cloud kitchen where you simply pay a one-time subscription to get a whole week or even a month's meals.
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Robertson Construction entered into a contract to construct a tunnel for a fixed price of $12,000,000. Robertson recognizes revenue over time according to percentage of completion. Here are some facts: In 2021: Cost incurred during the year is $3,000,000; Estimated cost to complete is $6,000,000 In 2022: Cost incurred during the year is $500,000; Estimated cost to complete is $6,500,000 In 2023: Cost incurred during the year is $6,500,000; Estimated cost to complete is $0. How much gross profit/loss would Robertson recognize in 2022
By measuring the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.
To understand better, we have to begin with the year 2021, where we have the following:
Given that the % of completion = cost incurred till now ÷ total estimated cost;
We have => $3,000,000 ÷ ($3,000,000 + $6,000,000) = 33.33%
Hence, we have the final revenue in the year 2021 to be recognized as
=> $12,000,000 × 33.33% = $4,000,000.
By the year 2022, we have the following percentage completion.
=> ($5,000,000 + $3,000,000) ÷ ($3,000,000 + $5,000,000 + $2,000,000) = 80 percent.
Therefore, we have the total revenue to be recognized
=> $1,200,000 × 80% = $9,600,000
Then given that the Revenue already realized in 2021 = $4,000,000
Therefore, the revenue to be recognized in 2022
=> $9,600,000 - $4,000,000 = $5,600,000.
Hence, in this case, it is concluded that the gross revenue Robertson would recognize in 2022, the amount is $5,600,000.
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