On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?

Answers

Answer 1

Answer:

Instructions are below.

Explanation:

Giving the following information:

beginning inventory= $505,700

Cost of goods manufactured= $290,900

Ending inventory= $485,300

Net sales= $759,200.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 505,700 + 290,900 - 485,300

COGS= $311,300

Now, we can determine the gross profit:

Gross profit= net sales - COGS

Gross profit= 759,200 - 311,300

Gross profit= 447,900


Related Questions

HELP
When a company/economy is making money,
how does the demand curve shift?
B. down
A. up
D. to the left
C. to the right

HELP When a company/economy is making money,how does the demand curve shift?B. downA. upD. to the leftC.

Answers

Answer:

It's A, The demand curve shifts up

Explanation:

It goes up

John hamilton borrowed $500,000 from stone creek bank to open a new restaurant called sauce-it-up. John transferred $450,000 of the cash he borrowed to the company on first day of the year. Which of the follow appropriately reflects the cash transactions between these reporting entities?.

Answers

The appropriate reflection of the cash transactions between these reporting entities is as follows:

        John Hamilton       Sauce-it-up          Stone Creek Bank

Cash   +$500,000           $450,000             -$500,000

           -$450,000

Balance $50,000            $450,000             -$500,000

What is a reporting entity?

A reporting entity is an economic unit that publishes general purpose financial reports to enable users make and evaluate their decisions about the allocation of scarce resources.

Thus, John Hamilton's cash holding increased by $50,000 net.  The cash holding of Sauce-It-Up increased by $450,000 while the cash holding of Stone Creek Bank decreased by $500,000.

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Generally, as stock prices rise( HELP MEEEEE)
A)prices for clothes,toys and other consumer goods rise and bond prices fall
B)prices for clothes,toys and other consumer goods fall and bond prices fall
C)prices for clothes,toys,and other consumer goods and bond prices remain the same

Answers

I think it’s A, I’m sorry if this is wrong

A proposed schedule of liquidation is developed Multiple Choice o based on the underlying assumption that all future events will result in total gains. o based on the underlying assumption that all partners will remain solvent throughout liquidation. o based on the underlying assumption that all future events will result in total losses. o on the first day of each month as required by the Uniform Partnership Act.o on a weekly basis as required by the Uniform Partership Act.

Answers

A proposed schedule of liquidation is based on the underlying assumption that all future events will result in total gains. The Option A is correct.

What is a Liquidation?

In finance and economics, a liquidation refers to the process of bringing a business to an end and distributing its assets to claimants. It does occurs when a company is insolvent, that is, it cannot pay its obligations when they are due.

As the company operations end, the remaining assets are used to pay creditors and shareholders based on the priority of their claims. The general partners are subject to liquidation as well.

In partnership arrangement, if the partnership decides to liquidate, then, the assets of the partnership are sold, liabilities are paid off, and any remaining cash is distributed to the partners according to their capital account balances. Therefore, we can say a liquidation is the selling of poor-performing goods at a price lower than the cost to the business

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A general rule in investing is to buy high, sell high

1) true
2) false

Answers

Answer:

Im pretty sure the answer is false

Explanation:

this is because when investing you want to get as much money as possible so you would buy it super cheap and sell it high


What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested

Answers

Goods produced and resources invested re the two factors used to calculate productivity.

How productivity is measured?

Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.

Thus, option D is correct.

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Answer:

Goods produced and resources invested

Explanation:

This OS was created by a developer named Torvalds. Linux Mac Unix Windows

Answers

Answer:

Linux.

Explanation:

Linus Torvalds is a Finnish computer programmer, creator of the Linux operating system kernel in 1991. Torvalds began developing his project through research done in a particular way during his spare time, using his own computers, tools and spare parts, and taking the Minix operating system as a starting point, seeking to create his own operating system to use on his own personal computers. Finally, as a result of this development, Torvalds created the largest and best-known open software operating system today.

The Court of Justice of the European Union (CJEU) and the European Court of Human Right (EctHR) has arguably advanced domestic employment and labor law in the last decades. However, this is no longer the case in the last few years. In their recent judgment the European courts seems to tolerate regression in the protection of employment and labor rights. Discuss.

Answers

The Court of Justice of the European Union (CJEU) and the European Court of Human Right (EctHR) have been instrumental in the development and advancement of domestic employment and labor law. However, recent judgments show a regression in the protection of employment and labor rights by the European Courts.

The CJEU and EctHR have previously made it clear that EU member states must ensure that workers have the right to safe working conditions, fair wages, and protection against discrimination and harassment. As a result, employment and labor law have developed in member states as a result of these judgments.For example, the CJEU has ruled in favor of the right to equal pay for equal work, even if the work is carried out in different member states. The EctHR has also ruled that workers have a right to join trade unions and engage in collective bargaining, which has been important in many labor disputes.

However, in recent years, both the CJEU and EctHR have made judgments that suggest a regression in the protection of employment and labor rights. For instance, the CJEU has ruled in favor of employers in cases where they have argued that they do not have to pay workers for time spent traveling to and from work.The EctHR has also ruled against workers in cases involving the right to strike and the right to form a trade union. In some cases, the EctHR has ruled that workers do not have the right to strike if their action could have a negative impact on the employer's business.

In conclusion, while the CJEU and EctHR have played an important role in advancing domestic employment and labor law, recent judgments suggest a regression in the protection of employment and labor rights. The EU member states must ensure that their laws are consistent with the rulings of the CJEU and EctHR to ensure that workers continue to be protected.

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7. "Skill is necessary to develop team spirit”. Justify your answer.​

Answers

Answer:

ghjj

Explanation:

jjkkklnnnmmmn jjjjj jjjn

Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
much does his employer pay for his unemployment tax for the entire year?
A. no limit
B. $0
C. $840
D. $420

Answers

Answer:

B. $0

Explanation:

Unemployment tax known as FUTA (The Federal Unemployment Tax act) is imposed on employers based on the wage and salaries they pay their employees. Employers who pay $1500 and above per calendar quarter are mandated to pay FUTA. Unlike other payroll-based taxes, employers are not required to deduct FUTA from employees. Therefore, nothing should be withheld from Robert's income as unemployment tax.

Cowboy Company's sales employees earn a total of $60,000 per month and are paid on the last working day of the month. Each employee's wages are subject to FICA Social Security taxes of 6.2% and Medicare taxes of 1.45% on all wages. Withholding for each employee also includes federal income tax of 12% and monthly medical insurance premiums of $3,300 for the employees. The employer payroll taxes for Cowboy Company include FICA taxes, federal unemployment taxes of 0.6% of the first $7,000 paid each employee, and state unemployment taxes of 5.4% of the first $7,000 paid to each employee. Prepare the journal entry to record the employer's payroll taxes at January 31 for Cowboy Company. (Assume that none of the employees have reached the unemployment limit of $7,000.) Prepare the journal entry to record the employer's payroll taxes at January 31 for Cowboy Company. (Assume that none of the employees have reached the unemployment limit of $7,000.)

Answers

The journal entry to record the employer's payroll taxes at January 31 for Cowboy Company is given below.

How to depict the journal entry

Date: January 31, 2023

Record the FICA Social Security taxes:

Debit: Payroll tax expense (an expense account)

Credit: FICA Social Security taxes payable (a liability account)

Record the Medicare taxes:

Debit: Payroll tax expense (an expense account)

Credit: Medicare taxes payable (a liability account)

Record the federal unemployment taxes:

Debit: Payroll tax expense (an expense account)

Credit: Federal unemployment taxes payable (a liability account)

Record the state unemployment taxes:

Debit: Payroll tax expense (an expense account)

Credit: State unemployment taxes payable (a liability account)

Once you have the specific amounts for each tax, you can determine the debit and credit values for the journal entries.

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What is the main function of the federal deposit insurance corporation?.

Answers

Insure deposits, Examines and supervises financial institution for safety and soundless and consumers protection, works to make large and complex financial institution resolved and manages receiverships.

What might be a microeconomic response to inflation? See Hint Choose one: A. Workers refuse raises. B. A company reduces the size of its workforce. O C. The government reduces spending. D. The government raises taxes so that individuals do not spend as much.

Answers

A typical microeconomic response to inflation is when a company reduces the size of its workforce. The Option B is correct.

What are some measures in microeconomic policy for inflation?

For inflation issues, the microeconomic policy are used by government and central banks take to control or reduce the rate of inflation at the microeconomic level.

Some of the key microeconomic policies that can be used to combat inflation include:

Monetary policy: Central banks can use monetary policy tools such as interest rate adjustments and open market operations to control the money supply and influence inflation.Fiscal policy: Governments can use fiscal policy measures such as taxes and government spending to affect aggregate demand and inflation. For example, increasing taxes can decrease demand and reduce inflation, while increasing government spending can increase demand and lead to inflation.Supply-side policies: Governments can use supply-side policies to increase productivity and efficiency in the economy, which can help to reduce inflationary pressures. These policies may include deregulation, privatization, and investment in infrastructure and technology.Price controls: Governments can impose price controls on certain goods and services to directly limit the amount by which prices can increase. etc

In conclusion, different combinations of the policies may be more or less effective depending on the specific economic situation and the implementation of these policies may have other unintended consequences that need to be considered.

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____________ and _____________ are both data reporting outputs that contain data visualization.

Answers

Dashboards and reports are both data reporting outputs that contain data visualization.

What are these types of reporting outputs?

A dashboard is a graphical user interface that displays data in a visual format, often using charts, graphs, and other data visualization tools. It allows users to quickly and easily monitor key performance indicators (KPIs) and metrics in real-time.

A report, on the other hand, is a document that presents information in an organized and structured manner, often including tables, charts, and other visual aids to help readers understand the data. Reports are typically more static and provide a more detailed analysis of data over a specific period of time.

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When a corporation or government agency borrows money from an investor and pays interest and principal to that same investor, it is a:

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When a corporation or government agency borrows money from an investor and pays interest and principal to that same investor, it is a form of debt financing known as a bond.

Bonds are essentially IOUs issued by entities seeking to raise capital. In this scenario, the investor acts as a lender, providing funds to the corporation or government agency. The borrowed funds are typically used to finance various projects or operations. The issuer of the bond agrees to pay the investor periodic interest payments over a predetermined period, known as the bond's maturity. At the end of the maturity period, the issuer repays the principal amount borrowed.

Bonds are a common method for corporations and government agencies to raise capital. When an investor purchases a bond, they are essentially lending money to the issuer. The bond specifies the terms of the loan, including the interest rate, maturity date, and payment schedule. The interest payments, also known as coupon payments, are typically made semi-annually or annually. These payments compensate the investor for lending their money.

At the end of the bond's maturity period, the issuer repays the full principal amount borrowed to the investor. This repayment is usually made in a lump sum. By borrowing money through bonds, corporations and government agencies can fund their projects or operations while providing investors with a fixed income stream and eventual repayment of the borrowed funds.

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Addison Company experienced an accounting event that affected its financial statements as indicated below: Assets Stockholders' = Liabilities + Equity Revenue + Expense Net Income Stat + + +Which of the following accounting events could have caused these effects on Addison's financial statements? Multiple Choice O Collected cash from accounts receivableO Earned revenue on accountO Collected cash from accounts receivable O Earned revenue on account O Issued common stock O Earned cash revenue

Answers

The following accounting event that the Addison Company encountered had an impact on its financial statements: Assets Stockholders' = Revenue + Expense Net Income Statue + + +, The right response is earned income on account.

Explain Which accounting event appears on Addison's financial accounts as a result of earned revenue on account?

The following accounting event appears on Addison's financial statements as a result of earned revenue on account.

Accounting is a term used to refer to the measurement, processing, and verbal transmission of economic and non-economic data about financial institutions such as corporations and agencies. Accounting, also known as the "language of business," measures the results of an organization's financial activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators.

Professionals in accounting include accountants. The terms accounting and financial reporting are frequently used synonymously. Tax accounting, fee accounting, financial accounting, and control accounting are only a few examples of the several categories into which accounting can be split.

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when using 360-degree performance evaluation, in order to make this approach effective, the evaluation results should be always linked to pay raise or promotion decisions.(True/False)

Answers

False. While 360-degree performance evaluations can be useful for informing pay raise or promotion decisions, it is not necessary for the evaluation results to be directly linked to these decisions in order for the approach to be effective.

The primary goal of 360-degree evaluations is to provide comprehensive feedback on an employee's performance from multiple perspectives, which can be valuable in identifying strengths and weaknesses and informing professional development plans.
False. While 360-degree performance evaluations can provide valuable insight into an employee's performance, it is not necessary to always link the evaluation results directly to pay raises or promotion decisions. The primary purpose of this approach is to gather feedback from multiple sources to improve performance and foster professional development.

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a person has $3000 to deposit in a financial institution. assuming all options were offered by the same institution, which account is likely to have the lowest interest rate or pay no interest at all? savings account checking account money market account three-year certificate of deposit. A.certificate of deposit
B.checking account
C.money market account
D.savings account

Answers

The checking account will likely have the lowest interest rate of all the accounts. Hence, Option B is the right response.

Checking accounts are a sort of bank account that makes it simple to deposit and withdraw money. Cheques can be used to deposit money, while debit cards or direct deposits can be used to withdraw money quickly. Most of these accounts are bank accounts that are liquid.

The money is readily available. Moreover, withdrawals and deposits are both unrestricted, although there is a daily transaction cap. These kinds of accounts are typically used to temporarily store money in a secure location so that it may later be quickly accessed when needed.

Checking accounts shouldn't be utilized as long-term investments because they often offer lower interest rates than savings, money markets, or certificates of deposit.

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types of waves that can be plane polarized


Answers

Plane polarisation is the method of allowing only waves orientated in the same direction - only allowing vibrations in one plane. Only transverse waves can be plane polarised because their vibration is perpendicular to the direction of energy travel - you can therefore have this vibration at different orientations

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Which qualification is necessary for a Mental Health Counselor?

knowledge of psychology and related books and resources
understanding of a psychology and religious tradition
understanding of psychology, and mathematics
knowledge of psychology and history of psychology

Answers

Answer: Knowledge of psychology and related books and resources.

Explanation: Religious tradition, mathematics and history of psychology are not needed qualifications for a Mental Health Counselor.

The qualification is necessary for a Mental Health Counselor is knowledge of psychology and related books and resources. Thus the correct option is A.

What is Mental Health Counselor?

The Mental Health Counselor is referred to as an individual who has expertise in dealing with the issues and challenges related to mental health. He carries certain degrees and certifications which shows his expertise and knowledge.

He has a deep understanding of the behavioral changes of an individual which he learned through psychology studies as well as related books and resources.

To manage psychological problems and enhance emotional wellness, counselors work with individuals, families, groups, and communities. People exhibit signs of mental diseases like despair, phobias, and anxiety.

Therefore, option A is appropriate.

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One of the many tasks that an Environmental Engineering Technician might do is: Question 3 options:
Conduct pollution survey
Manages invasive plant species
Complete research on wildlife
Work as a farm hand

Answers

One of the many tasks that an Environmental Engineering Technician might do is to conduct a pollution survey.

What is Environmental Engineering Technician?

There are many different positions one might hold within the broad field of environmental technology. One of them is assisting environmental engineers and environmental scientists in identifying, evaluating, preventing and controlling environmental contamination.

Environmental technicians conduct equipment inspections and maintenance, handle hazardous waste, collect samples, oversee waste operations, and perform other tasks as required.

Environmental specialists keep an eye on the environment and look for sources of contamination and pollution, especially those that could have an impact on public health. Additionally, they strive to stop environmental infractions.

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the path to recovery using expansionary fiscal policy involves:

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The path to recovery using expansionary fiscal policy involves: Expansionary fiscal policy is a type of macroeconomic policy that involves government intervention in the economy to increase economic activity and stimulate growth.  

It is usually implemented during a period of economic downturn or recession to help revive the economy and create jobs. The path to recovery using expansionary fiscal policy involves an increase in government spending and/or a decrease in taxes. By increasing government spending, the government creates more jobs, which increases demand for goods and services. This increased demand then leads to an increase in production, which creates even more jobs and stimulates further economic growth. On the other hand, a decrease in taxes means that people have more money in their pockets, which they can use to buy goods and services. This increased spending then leads to an increase in demand, which, as discussed earlier, leads to an increase in production, more jobs and further economic growth.In conclusion, the path to recovery using expansionary fiscal policy involves an increase in government spending and/or a decrease in taxes to stimulate economic growth and create jobs.

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Recent WTO estimates show that all countries combined exported ________ valued at $19.4 trillion and ________ valued at $5.2 trillion.

Answers

Answer:

hello hello hello hello hello

What public works project was built to help with unemployment during the great depression?.

Answers

Answer: Im also taking this test and i believe the answer is Hoover Dam i might be wrong

Explanation: Hoover Dam

Calculate net worth using the following information.

Assets Liabilities
car - $3,500 car loan - $3,000
savings account - $1,000 credit card - $500
cash - $80
stock - $120
$1,200
$8,200
$12,000
$500

Answers

The net worth of the person, using the given information, can be found to be $ 1, 200

What is a person's net worth ?

The value of all assets less the sum of all obligations is what is known as net worth. In other words, net worth is the sum of all assets minus all liabilities.

A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.

In the financial industry, one's net worth—also known as net wealth—is used to determine whether a person is eligible for a particular set of investment opportunities or financial products, such as hedge funds, structured products, or other sophisticated or alternative investments.

The net worth of a person can be found by the formula :

= Assets - Liabilities

= 3, 500 + 1, 000 + 80 + 120 - 3, 000 - 500

= 4, 700 - 3, 500

= $ 1, 200

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Which describes an investor’s primary goal of buying a loan? to grow a business to earn a profit off the interest to bolster the economy to provide capital to a business

Answers

The statement that best describes an investor's primary goal in buying a loan is to earn a profit off the interest. Hence, the correct option is (B).

What Is An Investor?

Investors are one of the important elements in a company where investors are basically a person or an organization that puts money into a financial instrument with the hope of benefiting from that decision. One form of financial instrument that can be used as an investment is a loan. When an investor buys a loan, the main goal is the profit that can be obtained from the interest rates on the loan.

The question is incomplete, but most probably your question was:

The statement that best describes an investor's primary goal in buying a loan is

A. To grow a business

B. To earn a profit off the interest

C. To bolster the economy

D. To provide capital to a business

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Answer:

to earn a profit off the interest

Explanation:

This is typically done by lending money to a borrower at a higher rate of interest than the investor is paying on their own borrowing or invested capital, with the hope of earning a positive return on their investment over time. The key motivation behind this type of investment is to generate a return that is greater than the cost of the funds used to make the investment, so that the investor can earn a profit.

Subject: Accounting

PLEASEE DO ANSWER

13 On 1 April Mary had a bank overdraft of $1450. On 2 April she paid $250 cash into the bank and paid rent, $390, by cheque.
What is Mary's bank overdraft after the transactions on 2 April? Explain your answer.

A $810 B $1310 C $ 1590 D $2090

Answers

Answer:

C

Explanation:

Mary's account was negative $1450. she paid $250 in cash making her account negative $1200. when her cheque clears the bank she will be overdrawn $1590

-1450+250= (1200) -1200-390=($1590) over drawn

how old do you have to be to work at lululemon

Answers

Answer:

The minium age requirement to work there is 18

Calculate the resulting change in GDP for each of the following MPCs when the government decreases taxes by $325 billion (change in taxes equals −$325 billion).a. The marginal propensity to consume (MPC) = 0.2.b. The marginal propensity to consume (MPC) = 0.5.c. The marginal propensity to consume (MPC) = 0.8.

Answers

The resulting change in GDP is -$81.25 billion. The resulting change in GDP is -$162.5 billion. The resulting change in GDP is -$2,600 billion. A higher MPC leads to a greater change in GDP as a result of a tax cut.

When the MPC is 0.2, the resulting change in GDP can be calculated as follows:

Change in GDP = -($325 billion) x (0.2) / (1 - 0.2) = -$81.25 billion

When the MPC is 0.5, the resulting change in GDP can be calculated as follows:

Change in GDP = -($325 billion) x (0.5) / (1 - 0.5) = -$162.5 billion

When the MPC is 0.8, the resulting change in GDP can be calculated as follows:

Change in GDP = -($325 billion) x (0.8) / (1 - 0.8) = -$260 billion

Therefore, the higher the MPC, the greater the resulting change in GDP for a given change in taxes.

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spirit eye cave: reestablishing provenience of trafficked prehistoric human remains using a composite collection-based ancient 2 radians is equal to approximately 171 true or false Part a: is the probability of hitting the black circle inside the target closer to 0 or 1? explain your answer and show your work. (5 points) part b: is the probability of hitting the white portion of the target closer to 0 or 1? explain your answer and show your work. (5 points) credit secrets: 2 books in 1 - blast your credit score through the roof and repair bad credit by having everything you need to know explained in detail pdf drive Please help me with my question Which of the following describes an energy transformation from electrical energy to thermal energy? who would benefit the most from investing in a roth ira rather than another type of retirement account? Y = 3x(x -4) how many solutions Which issue was addressed by the Woman's Christian Temperance Union?O They passed laws to help elderly criminals in society.O They protested to reduce the use or halt the drinking of alcohol.O They discouraged the promotion of the suffrage movement.O They communicated local community needs through newspapers. 2-methylbutan-1-ol is heated with an excess of concentrated sulphuric acid (H2SO4) in order to cause an elimination reaction.i) Write an overall equation (using condensed formula) for this elimination reaction and name the reactants and products as part of the equation ii) Draw the product of this reaction in displayed formula. iii) Provide a curly arrow mechanism (in displayed formula) for the formation of the product supported with an explanation. When conducting a populationsampling study, we want torecaptureA. only the femalesB. specific individualsC. random individualsD. only the non-marked individuals What is the hydronium ion concentration of a solution whose pH is 4.12?a. 5.1 x 106 Mb. 7.6 x 105 Mc. 6.4 x 105 Md. 4.4 x 108 M Bob scored 1/3 of the number of points that bill scored if Bob scored 24 points how many points did Bill score Mr. Ocampo has two kinds of fruit in his basket. The ratio of apples to oranges in the basket is 3:2 If there are 18 apples, how many pieces of fruit are in his basket? A 12 B. 17 c. 24 D. 30 Josie started with a debt of $70. She earned $6 per hour for 20 hours of work. How many $5 phone apps can she buy?A: 24 appsB: 5 appsC: 10 appsD: 14 apps single amino acids that are absorbed in the small intestine travel to the liver via the Which of the following statements is valid?A Relative mass is the weight of one atom of an element.B Relative mass is the mass of one atom of the element as it compares to 1/12th of an atom ofcarbon.C. Relative mass changes with the planet is measured on.D None of the statements listed above are true. Plis help meAnswerA) 50B)34C)28D) -12 What does play to win mean? Help!The parallel circuit works if one connector works or both work. Suppose that connectors work independently of each other and, further, the probability of each component working is 0.84 and 0.72 respectively. What is the probability the parallel circuit works?