Western Company recently lost its entire inventory in an earthquake. The following information is available from its accounting records: Beginning Inventory: $5,000; Purchases: $18,000; Net Sales: $40,000;The company's average gross profit percentage is 40%. Using the gross profit method, a reasonable estimate of COGS for the past period would be:__________.1) $ 23,0002) $ 24,0003) $ 16,0004) $ 18,000

Answers

Answer 1

Answer: dont care

Explanation:


Related Questions

Education benefits both students and the community. Suppose students purchasing education consider only their own benefits when determining how much education to obtain and schools supplying education consider only their costs when determining how much education to supply.

Answers

Education has help man to be able to shape a better society to live in by knowing and obeying rights, laws etc. In this situation, the social benefit will be Greater than the private benefit and the amount of education produced will be below the socially efficient amount.

Education has help in a lot of ways. These ways includes;

It has help to become better citizens.It has also help people to secure  better-paid job. Education shows us the essence of hard work.

Community education is also called community-based education. This is simply  an organization's programs aim to promote learning and social development work with individuals and groups in a said communities through the agent of  formal and informal methods.

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instructions:wikarambulan is a sound like game. by saying\pronouncing and connecting the word, reveal the elements and factors of principles, tools and techniques in creating a business. write your answer on the blank space provided in the side of the paper.
1. IS TRE ENGCKS
2. OP FORTUNE NI TEAS
3. WEEK NEST CES
4.THREE EATS
5. IN DUST TREE
6. END BY RON MEANT ALL
7. PIE HAVE FOUR ZEST
8. ENCHO NO MEEK
9. SOAP FLYER
10. COST TOO MHER​

Answers

Answer:

1.strengths

2.opportunities

3.weakneses

4.threats

5.industry

6.environment

8.economic

9.supliyer

10.customer

Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.

Answers

1098-T form is a U.S tax form for students or parents to obtain a tax credit on the amount of fee paid during an educational term or semester or year.

This form determines if the students or their parents qualify for the tax credit.

Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500

If the scholarships exceed the amount of the educational fee then a tax credit has to be recalculated on a certain amount.

The first box is to be filled by the student's name (Dana) in this case, her address and  her contact number.

The other boxes are to be filled with the filler and social security numbers as asked.

The no 1 box gives the tuition fees received and box 2 gives the tuition fees billed.

The box 3 has to filled if any change is made by the institution in billing amount.

The other boxes are filled similarly and the form is submitted to the IRS and the copy is kept with the student.

In the given question only 3 pieces of information are given .

Name : Dana

Amount Received : $ 16,467

Scholarship Received: $ 1500

These are already filled in the form.

Educational tax credit covers up to 100% of the first $2000 of the educational expenses and 25% of the next $ 2000 expenses.

It can be filed if the parent's income is up to $ 80,000 in the year 2020.

Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500

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Answer:2500

Explanation:

A serious rumor is spreading through the grapevine that eight managers in the Northeast Region will be fired due to underperformance. The stores are buzzing with speculation about this rumor, upsetting managers and sales staff and distracting them from doing their jobs. What method do you choose to address this matter

Answers

The best method which should be chosen to address this matter regarding the rumor about the firing of managers in the company is:

Make the firing decision immediately so that business can return to normal and replacements made

According to the given question, we are asked to state the best method to be chosen to address this matter regarding the rumor about the firing of managers in the company

As a result of this, we can see that when rumors like this circulate around the workplace, the output of the workers would reduce and this would have a negative impact in the company. It would best  to make a decision quickly so that business would resume as normal.

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why do most businesses have no employees other than the owner

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HI, OUR MATCHLESS LOVING HOLY TRUE BEGOTTEN CHRIST JESUS LOVES YOU!!!OUR MATCHLESS HOLY CREATOR  GOD!!

Most businesses have no employees other than the owner because it is the easiest form of business to run. I believe most of the business owners don't earn their entire income from the business because they have to pay all the bills for it, and etc.

the free market idea is generally associated with which economic system?

Answers

Answer:

The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.

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In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required

Answers

A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.

A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.

However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.

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_____ is an insignificant value per share of capital stock specified in the corporate charter. Multiple choice question. Seasoned value Treasury Stock Par value Additional Paid-in Capital

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The insignificant value per share of capital stock that is been set and introduced in the charter can be regarded as par value.

Par value can be explained as the value of a single common share which is been specified by corporation's charter.

This cannot be been  related to the actual value of the shares.

Therefore, par value is the correct term.

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Employee turnover at a company is low overall, but many employees from one department are seeking transfers to other divisions. Which situation is most likely an explanation for the employees seeking to leave their department

Answers

One situation that is likely to be an explanation for employees looking to leave their department is an increase in workplace conflicts.

This situation is known as voluntary turnover, where employees choose to leave a department, due to some adverse situation such as a conflict, or in search of better job opportunities.

Therefore, it is necessary to implement actions that reduce labor turnover, analyzing the causes of the increase in this instance, in an attempt to improve the work environment with greater communication, integration, training and cooperation.

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The blue curve on the following graph represents the demand curve facing a firm that can set its own prices.

Answers

From the graph analyzed in the question, the price will be $100 per unit while the quantity demanded will be 10 units.

From the complete question, the marginal revenue of the fourth unit that is produced will be:

= (160 × $4) - (170 × $3)

= $640 - $510

= $130

The marginal revenue of the eighth unit will be:

= (120 × 8) - (130 × 7)

= 960 - 910.

= $50

Therefore, the marginal revenue of the eighth unit is $50.

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Any policy that is designed to reduce the competitiveness of foreign producers who wish to sell their goods or services in the domestic market is a:

Answers

Answer:

Barrier to trade

Explanation:

Any policy that is designed to reduce the competitiveness of foreign producers who wish to sell their goods or services in the domestic market is a Barrier to trade.

What is domestic market?

A domestic market is the supply and demand for goods, services, and securities within a single nation. It is also known as an internal market or domestic trade.

In domestic trade, a corporation has just one set of competitive, economic, and market challenges and must essentially deal with only one group of clients, even if the company operates in many market sectors.

Trade barriers are limits on international trade imposed by the government. Trade barriers, according to the principle of comparative advantage, are harmful to the global economy and reduce overall economic efficiency. Thus, the correct option is Trade barrier.

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Gundy Company expects to produce 1,299,600 units of Product XX in 2017. Monthly production is expected to range from 73,600 to 118,800 units. Budgeted variable manufacturing costs per unit are direct materials $3, direct labor $6, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $2.Prepare a flexible manufacturing budget for the relevant range value using 22,600 unit increments.

Answers

                        Monthly Flexible Manufacturing Budget

                                   For  the Year 2017

Activity level

Finished units                                           73,600     96,200        118,800

Variable costs

Direct materials($3)                              $220,800   $288,600  $356,400

Direct labor($6)                                     $441,600    $577,200   $712,800

Overhead($9)                                        $662,400   $865,800  $1,069,200

Total variable costs                              $1,324,800 $1,731,600 $2,138,400

Fixed cost

Depreciation[($6 * 1,299,600) 12]        $649,800    $649,800    $649,800

Supervision[($2 * 1,299,600) / 12]        $216,600    $216,600    $216,600

Total fixed costs                                    $866,400   $866,400    $866,400

Total costs                                            $2,191,200 $2,598,000 $3,004,800

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Why is it necessary to have a W-2 or 1099 form when using tax preparation software?

Answers

It is necessary to have these forms because they would help to report income that is gotten by a person that are not through employment.

The 1099 helps to record the amount that is earned by a person who is not employed.

The 1099 helps to calculate either the dividends that a person gets through the fact that they own stocks or the interests that they accrue from keeping their money in the bank.

The W-2 is used by employers to record the income of their employees. The W-2 also tells the employee the amount of taxes that was withheld from their pay.

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Imagine you are working as an insurance broker, and a company comes to you wanting to insure one of its production factories. Identify at least two distinct risks you would analyze as you decide what kind of coverage and premiums this client can expect to pay in order to be fairly and sufficiently insured.
30 POINTS IF YOU KNOW THE ANSWER ASAP!!!!!!
EXPLAIN REASONING

Answers

The client should pay an amount based on the company and how many they had to pay in the past. Making it fair and expecting what could happen, so the client can be insured. I hope that makes sense.

The client should pay a sum determined by the business and how much they have previously been required to pay. Making it fair and anticipating potential outcomes will enable the client to obtain insurance. I think you get the picture.

What is the insurance?

Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.

Risk analysis comes in two primary flavors: qualitative and quantitative. Let's find out more about these two methods. working as an insurance broker, and a company comes to you wanting to insure one of its production factories

Therefore, By the company comes to you wanting to insure one of its production factories. qualitative risk is there

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one of the four primary functions of management is

Answers

planning, organizing, leading

The management process consists of four primary functions that managers must perform: planning, organizing, leading, and controlling.

50 POINTS

Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.

TRUE OR FALSE

Answers

yes , it's true because he actually says that he's not a huge fan of kids so he might be awkward around them but as he Loves animals he would like to be and spend time with them .

Answer:

Brad is not a huge fan of kids but loves to work with animals. The early childhood development pathway of the human services cluster would be a good fit for brad.

FALSE

srry I answered late (•-• ;)

power held due to the position of authority is called __________ power.

Answers

Answer:

Legitimate power

Explanation:

Sales revenues are usually considered earned when.

Answers

Answer:

Revenues, which are derived from an entity's main activities such as the sale of merchandise or the performance of service, are considered to be earned when the earning process has been substantially completed.

Explanation:

esearch on transformational and transactional leadership shows a. transactional leadership is more effective than transformational leadership. b. transactional leaders have little to no influence on employee attitudes. c. transformational leaders create higher levels of commitment to organizational change efforts. d. transactional leaders increase the intrinsic motivation of their followers.

Answers

Based on various study analyses, the research on transformational and transactional leadership shows that "transformational leaders create higher levels of commitment to organizational change efforts."

This is because transformational leaders are the type of leaders that encourage and motivate their followers to make effective changes.

On the other hand, transactional leaders are types of leaders that mainly promote changes that favor their self-interest.

Hence, in this case, it is concluded that the correct answer is option C. "transformational leaders create higher levels of commitment to organizational change efforts."

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How do we minimize short run cost and maximize short run profits?​

Answers

In the short run, a firm that is maximizing its profits will:-

Increase production if the marginal cost is less than the marginal revenue.Decrease production if marginal cost is greater than marginal revenue.Continue producing if average variable cost is less than price per unit.__________________________

50 POINTS


Latasha works with three and four-year-olds in a inner-city afterschool program. The pathway in human services cluster that Latasha works in is.

A. Early childhood development.
B. Counseling and mental health services.
C. Family and Community Services.
D. Personal care services

Answers

A. Early Childhood Development.

Answer:

Latasha works with three and four-year-olds in a inner-city afterschool program. The pathway in human services cluster that Latasha works in is.

A. Early childhood development

(No need brainliest)

Suppose a mutual fund has 10 million shares outstanding, assets with a total value of $30 million,of which $500,000 is cash, and fund liabilities of $500,000. What is the current NAV per share

Answers

Answer:2.95

Explanation:

Based on the given assets, cash fund, and liabilities, the Mutual fund's NAV per share is $2.95.

What is the Mutual Fund's NAV per share?

This can be found by the formula:

= (Assets + Cash - Liabilities)/Number of Shares

Solving gives:

= (30,000,000 - 500,000) / 10,000,000

= 29,500,000 / 10,000,000

= $2.95 per share

In conclusion, the NAV per share is $2.95 per share.

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You have taken over as the new manager of a department. The employees are interested in doing their work well and have potential. However, because they have not worked together, they do not have the competence to achieve the given tasks. From this information, we can say that the group is in the _____ stage of team development

Answers

Based on the scenario, the group is definitely still in the Oriented stage of team development.

Orientation stage of team development is also called the Forming Stage because idea or policy are just getting introduced to the new or current employees.

The Orientation stage also entails the introduction of the current employees to new technologies, procedures and policies.

Therefore, the group described in the question is still in the orientation stage of team development.

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A couple has a joint net worth of $12,000,000. If one dies in 2021, the taxable amount of the estate is:

Answers

the answer id 0


hope this helps!!

What is the most important factor of producing goods

Answers

Answer:

Human capital is the most important factor of production because it puts together land, labour and physical Capital and produce an output either to use for self consumption or to sell in the market. It includes the skilled and unskilled work force of a nation.

To determine if a project is acceptable compare the internal rate of return to the company's ______.

Answers

In order to determine if a project is acceptable, it's important to compare the internal rate of return to the company's cost of capital.

It should be noted that the rate of return is determined by assessing the risk involved, cost of capital, etc.

Therefore, to determine if a project is acceptable, one has to compare the internal rate of return to the company's cost of capital. If the IRR is greater than the cost of capital, then the project should be accepted.

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Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 2017, making it one of the largest B2B spenders in the country

Answers

The answer is Department of Defense

capital is the amount of money paid into a company by its owners. true or false?

Answers

Answer:

True. The Capital is the amount of money invested into a company by its owners.

write Description the day was hot.

Answers

Answer:

Hope my answer helps you (⌒▽⌒)

Explanation:

A hot summer is more a punishment than a gift. The unbearable heat makes us uncomfortable and lethargic.The period between dawn and sunrise is a lovely sight. The twilight scene is most appealing. The calm and serene atmosphere, the cool and bracing climate and the refreshing breeze soothe our spirits. The sweet chirping sound of birds appears to be the most enchanting.After some time, we can see the golden disc of the rising sun in the East. It is slightly hot. But as the day advances, temperatures keep increasing. People who are out, begin to come back in order to avoid the oppressive heat. At noon the sun is red hot. People are hardly seen outside. Farmers stop ploughing their fields during these hot hours. The doors and windows of the houses are closed. People sit in their rooms, which are kept cool by fans, desert coolers and air conditioners. Some have to go to the offices. Their clothes become wet with perspiration. One feels very uneasy due to this.The afternoon is the hottest. The piercing rays of the sun fall on the ground. The heat is unbearable and oppressive during the afternoon.

expain what is debt in a 70 word paragraph

Answers

Answer:

Debt is money one person, organization, or government owes to another person, organization, or government. Typically, the person who borrows the money has a limited amount of time to pay back that money with interest (an additional amount you pay to use borrowed money).

Answer:

Debt is amount of money borrowed by one party, from another. Debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at  later date, usually with interest. In simple word it money borrowed from another, for something you can't afford. If you are in or get in debt, you owe money. If you are out of or get out of debt, you paying all the money that you owe.

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