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BaLLatris [955]
1 year ago
8

During July, the cost of goods manufactured at Xxis Corporation was $70,000. The beginning finished goods inventory was $19,000

and the ending finished goods inventory was $15,000. What was the cost of goods sold for the month
Business
1 answer:
JulsSmile [24]1 year ago
5 0

Answer:

The cost of goods sold =  $74,000

Explanation:

<em>Cost of goods sold is computed as</em>

<em>Opening stock + production- closing inventory</em>

<em>The figure is always subtracted from the sales revenue to determine the gross profit</em>

The cost of goods of XXis Corporation

Cost of goods sold = 19,000 +  70,000 - 15,000

 = $74,000

The cost of goods sold =  $74,000

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Suppose Zenon Co. issued a long-term bond and received $250,000 cash from the issuance during 2015. The company also issued 12,0
Vesna [10]

Answer:

Option (c) is correct.

Explanation:

The net impact in Cash flow statement (Cash flow financial activities  will be:

= Amount received from issuing bonds + Amount received from issuing common stock + Paid for dividend

= $250,000 + $260,000 + $165,000

= $345,000

Note:

Long-term bond & issue of common stock are Cash inflow from financial operations.

Dividend paid is regarded as Cash outflow from financial operations.

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2 years ago
During the Great Recession, consumer sentiment in the United States declined, leading to a decrease in consumer spending. Which
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C. A decrease in the money supply

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8 0
1 year ago
The following are data for an economy in billions of dollars: Net rental income 141 Depreciation 1,241 Compensation of employees
Brilliant_brown [7]

Answer:

GDP= 9,872

Explanation:

The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the economy including consumer consumption, investing, government spending, and net exports. This method calculates what a country produces, assuming that the finished goods and services of a country equals the amount spent in the country for that period.

The formula is:

GDP=C+I+G+/-NX

GDP: Gross Domestic Product

(C) consumer spending – this is the amount that all consumers spend on goods and services for personal use.

(I) investment – this is the amount that businesses or owners spend to invest in new equipment or expansions.

(G) government spending – this includes spending on new infrastructure like bridges and roads.

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GDP= 6,728+1,767 +1,741+(1,102-1,466)

GDP= 9,872

7 0
2 years ago
An economy produces only 1,000,000 computers valued at $2,000 each. Of these, 200,000 are sold to consumers, 300,000 are sold to
larisa [96]

Answer:

The answer is: The total value of GDP is $2 Billion

Explanation:

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  • investment: $200 MM (change in inventories)
  • government: $600 MM
  • exports - imports: $200 MM (no imports)

5 0
1 year ago
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