What is the amount of the cost of goods sold for the current

Assignment Help Macroeconomics
Reference no: EM13331169

If a taxpayer has a beginning inventory of $25000, Purchases of $185,000 and ending inventory of $30,000. What is the amount of the cost of goods sold for the current year?

Reference no: EM13331169

Questions Cloud

How much money is the account : An individual makes five annual deposits of $2,000 in a savings account that pays interest at a rate of 4% per year. One year after making the last deposit, the interest rate changes to 6% per year. Five years after the last deposit, How much money i..
What is the radius of curvature of this mirror : A concave mirror produces a virtual image that is three times as tall as the object. what is the radius of curvature of this mirror
Consider both viewpoints and respond to both sides of the : Proponents of free market systems argue that free enterprise leads to more efficient production and better response to changing consumer preferences. Others point to the fact that markets are not perfect.
Find the average force exerted by the floor on the ball : A very hard rubber ball (m = 0.7 kg) is falling vertically at 9 m/s just before it bounces on the floor. find the average force exerted by the floor on the ball
What is the amount of the cost of goods sold for the current : If a taxpayer has a beginning inventory of $25000, Purchases of $185,000 and ending inventory of $30,000. What is the amount of the cost of goods sold for the current year?
Prepare a schedule of cost of goods manufactured : Gentry Print Shop prepares the schedule and financial statements on a yearly basis Cost of goods manufactured schedule - Income statement
Recall that money serves there functions in the economy : Recall that money serves there functions in the economy. What are those functions? How does inflation affect the ability of money to serve each of these functions?
Determine the maximum speed of the block : A block of mass m = 6.68 kg is attached to a spring which is resting on a horizontal frictionless table. What is the maximum speed of the block
Explain how the marginal principle and the pollution tax : Explain how the marginal principle and the pollution tax work together to determine the optimal amount of pollution abatement.

Reviews

Write a Review

Macroeconomics Questions & Answers

  The ending benifit if any should be realized in cad

The ending benifit if any should be realized in CAD. How can he complete interest arbitrage. What will be his profit.

  Assume the normal production process for beet sugar

Assume the normal production process for beet sugar uses high-sulfur oil for fuel and releases 2 units of sulfur dioxide to the air for every ton of beet sugar produced.

  Justify the decision to upgrade the equipment

Minuteman Manufacturing is considering upgrading a piece of equipment. If a certain upgrade helps reduce operating cost by $80 per hour of use and the upgraded equipment will be used on average 7 hours per day, what is the expected annual savings.

  If a firm has created value is it always able to capture

If a firm has created value is it also always able to capture that value How does a firm create value and then what must it be able to do to capture that value Please provide an example of a firm that has been able to create value.

  How would you conclusion change for the winter months

How would you conclusion change for the winter months, if bad weather makes it likely for traffic jams on the highway to increase to 6 days per month?

  Comparitive advantage for two countries

Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:

  Mrs and change in budget line

The U.S. government spends over $15.8 billion on its Food Stamp Program to provide millions of Americans with the means to purchase food.

  Indicate whether the real interest rate rise or fall

imagine the world contains only two nations and that one of them is experiencing capital flight. In the diagram, below trace out the effect of this capital flight on the other nation. Indicate whether the real interest rate.

  Illustrate what price is required to maximize income

Illustrate what price is required to maximize income but keep profits at a minimum of $300?

  The effect of the tax on the equilibrium wage

Payroll Tax- You are an economic consultant to a city that just imposed a payroll tax of $1 per hour of work. This payroll tax is paid by workers through a payroll deduction.

  Question about airline alliances

Airline alliances are major global partnerships that typically secure antitrust immunization, develop code share flights, coordinate frequent flyer plans,

  What is this grand prize really worth

A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use a discount rate of 6%.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd