Explain the finished goods inventory account
If the balance in the Finished Goods Inventory account increased by $30,000 during the period and the cost of goods manufactured was $220,000, how much is cost of goods sold?
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In October, the company had sales that were $2,400 higher than planned. What is the expected effect on profit related to the additional sales?
A metal worker is building a wire frame for a cubic box thatis to have a volume of 27 cubic feet. What is the total length of wire the metal worker will need?
LIFO versus FIFO-impact on ROI. Natco, Inc., uses the FIFO inventory cost-flow assumption. In a year of rising costs and prices, the firm reported net income of $480,000 and average assets of $3,000,000.
Kido Construction builds and sells cheap cardboard homes. The entire home is built out of a large, single piece of cardboard with only indirect materials such as tape and nails used in construction.
A preliminary feasibility analysis indicated that the company would need to invest $17.5 million in a new manufacturing facility to produce and package the product.
Zach Taylor is settling a $27,000 loan due today by making 6 equal annual payments of $6018.83.What payments must Zach Taylor make to settle the loan at the interest rate of 9%, but with the 6 payments beginning on the day the loan is signed?
Describe what liabilities value would be if assets are 50,000 and owners equity is 25,000 by showing the accounting equation and provide an example of two liability accounts.
What is the ratio of the value of a sphere and a cone with the base diameter and altitude of the cone equal to the diameter of the spehere? which one is it?
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