As in the previous Participation Exercise, the Khalid Company manufactures and sells Paso-the-Salsa, which is a bottled condiment used on a variety of foods. Each bottle is sold for $5. The company recently had the following costs to produce 12,000 units of its product during August:
(1) Rent of $5,000 on a billboard to help advertise the product
(2) Rent on factory and equipment of $8,000
(3) Total payroll for hourly paid, factory workers $24,000
(4) Tomatoes, onions, spices and bottles $18,000
(5) Total payroll for salaried, administrative staff $6,000
Answer the next three questions below using the data above (along with the appropriate product cost and period cost classifications from the previous Participation Exercise); however, assume that the company only sold 8,000 units of those produced (i. e. 2/3 of the units produced) for the month of August.
(a) What is the company's cost of goods sold for the month (as needed, round your final answer to the nearest whole dollar)?company
(b) What is the company's net income for the month (as needed, round your final answer to the nearest whole dollar)?
(c) What is the company's ending inventory for the month (as needed, round your final answer to the nearest whole dollar)?
Answers: 1
Business, 22.06.2019 18:00, HistoryLee
1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%
Answers: 1
Business, 22.06.2019 20:20, abbz13
Which statement is not true about a peptide bond? which statement is not true about a peptide bond? the peptide bond has partial double-bond character. the carbonyl oxygen and the amide hydrogen are most often in a trans configuration with respect to one another. rotation is restricted about the peptide bond. the peptide bond is longer than the typical carbon-nitrogen bond.
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Business, 22.06.2019 21:10, dooboose15
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
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As in the previous Participation Exercise, the Khalid Company manufactures and sells Paso-the-Salsa,...
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