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KatRina [158]
2 years ago
5

Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured

of $437,000. Suppose that on June 1, Slapshot had 350 units in finished goods inventory costing $80,000 and on June 30, 370 units in finished goods inventory costing $84,000. 1. Prepare a cost of goods sold statement for the month of June.
Business
1 answer:
Alexxx [7]2 years ago
8 0

Answer:

Answer is $135,000...

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he following amounts were reported by Howe Company before adjusting its overapplied manufacturing overhead of $16,000. Raw Mater
BaLLatris [955]

Answer: $1,444,000‬

Explanation:

The Cost of Goods sold for a manufacturing company includes the Manufacturing overhead. If the overhead was overapplied, the COGS is inflated and needs a downward adjustment.

COGS after overapplied overhead is disposed of = COGS before disposal - overapplied amount

= 1,460,000 - 16,000

= $1,444,000‬

4 0
2 years ago
Chang, Inc.'s balance sheet shows a stockholders equity book value (total common equity) of $750,500. The firm's earnings per sh
andrezito [222]

Answer:

2.45

Explanation:

Given that,

Stockholders equity book value = $750,500

Earnings per share = $3.00

Price-earnings ratio = 12.25

Common stock outstanding = 50,000 shares

Market price per share:

= Earnings per share × Price-earnings ratio

= $3.00 × 12.25

= $36.75

Equity book value per share:

=  Stockholders equity ÷ Common stock outstanding

= $750,500 ÷ 50,000

= $15.01

Price-book ratio:

= Market price per share ÷ Equity book value per share

= $36.75 ÷ $15.01

= 2.45

8 0
2 years ago
Clive's manager appointed him to lead the marketing group because Clive emerged as a natural team leader in a previous assignmen
Bezzdna [24]

Answer:

The correct answer is: formal .

Explanation:

The informal leader is defined as the one who influences other members of a work group or team; In most cases, they are not recognized by the formal power structure, nor do they receive extra compensation or benefit, nor do they have formal interference to fire or hire staff. They are individuals who, without the formal title or authority, act as defenders of the organization and raise their contribution and that of others through influence, knowledge, expertise and relationship building; acting generally? Below the water? as facilitators and motivators.

Within the group they play a decisive role in its effectiveness, due to its influence on the beliefs and expectations of its members, by setting goals and feedback. In addition, the informal leader maintains a reliable reputation as a source of reliable information, since it is the same group members who give them authority.

They use their influence to shape strategies, establish basic norms and values, allocate resources, coordinate intergroup efforts and negotiate with individuals outside the group. They learn to unite different groups of people with common interests or networks, while fostering and cultivating relationships within and outside the group. Not only do they create networks, but they become catalysts for others to form new communities throughout the organization.

5 0
2 years ago
Please consider that regional airline and a furniture manufacture each generate annual revenue of $120 million and earn net inco
Nady [450]

Answer:

The regional aircraft will presumably have a higher break-even point the original investment point than a furniture maker in light of the fact that the majority of a carrier's expenses are fixed . It is imperative to take note of that despite the fact that the two organizations report indistinguishable income and total compensation figures, their equal the initial investment focuses will probably contrast fundamentally due to contrasts in their cost structures.

7 0
2 years ago
A firm determines its profit by subtracting______ from _____ .
serious [3.7K]
<span>A firm determines its profit by subtracting total cost from revenue</span>
8 0
2 years ago
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