Answer:
The cost of goods sold for the year is $460,000.
Explanation:
The value of purchases is given at $450,000.
The value of beginning inventory is given at $170,000.
The value of ending inventory is given at $210,000.
Transportation in is $50,000.
The value of delivery expense is given at $75,000.
The cost of goods sold for the year
=The value of purchases+The value of beginning inventory+Transportation in-The value of ending inventory
=$450,000+$170,000+$50,000-$210,000
=$460,000
Answer:
Six simple steps for better decision-making skills
- Start with the desired outcome. Start with squad goals. ...
- Rely on data and insights to spot patterns. .
- Use S.W.O.T. analysis. ...
- Simulate the outcomes. ...
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- Identify your cognitive biases
Answer:
Pension expense$ 10
Explanation:
($ in millions)
Service cost $10
Interest cost $4
Expected return on the plan assets(6)
Amortization of prior service cost 2
Amortization of net loss (gain) 0
Pension expense$ 10
Therefore the total pension cost for the year is $10,000,000
Amortization of prior service cost $20 ÷10 years = $2
Let us see it from a cost-efficiency point of view. We have that every unit of the first selles costs 40$. But the total cost might be higher, since there is a chance for defect. On average, on 3% of the cases the defect will happen and it will cost him 500$. Hence, on average, a fence unit from producer a costs 40$ and has a repair cost of 3%*500$=15$. The total thus is 55$. For the second provider of fences, the standard cost is 50$. Similarly, the average repair cost is 0,5%*500$=2,5$. Hence, the total cost per unit is 52,5$ (total cost=upfront payment+repair costs). We see thus that the lady should win the bid; even if you pay more upfront, the difference in durability makes up the cost difference.
TRUE. Advances in technology are constantly changing how people work and conduct business.
With the advancement of technology, people are adjusting to maximize the benefits they get from said advances.
For example, before the creation of cellular phones, the means of communication were through mailed letters and telegraphs, then it evolved to land lines, beepers, cellular phones, and finally, the internet (skype, ym, im,etc.)