What is amount of cost of goods manufactured for period

Assignment Help Financial Accounting

Reference no: EM1313650

Multiple choice questions based on fundamentals of accounting.

1. Potential sources of financing to support an increase in sales include all of the following except:
a. decrease in accounts payable.
b. issuance of bonds and/or common stock.
c. current year addition to retained earnings.
d. increase in spontaneous liabilities.

2. A company that increases its liquidity by holding more cash and marketable securities is:
a. likely to achieve a higher return on equity because of higher interest income.
b. going to maximize firm value because risk is decreased.
c. likely to achieve a lower return on equity because of the smaller rates of return earned on cash and marketable securities compared to the firm's other investments.
d. going to have to sell common stock to raise the cash to become more liquid.

3. The beginning and ending finished goods inventories of a company were $91,000 and $94,000 respectively. If cost of goods sold equaled $800,000, what is the amount of cost of goods manufactured for this period?
a. $797,000.
b. $706,000.
c. $709,000.
d. $3,000.
e. $803,000.

Reference no: EM1313650

Questions Cloud

Determine the company''s accounting net income : Computation of net income and Use the following information to calculate the company's accounting net income for the year.

Drawing a simulation experiment for car agency : Draw a simulation experiment for car agency and simulate using fleet of four rental cars for 10 days.

Find the diver''s velocity when he hits the water : A 68.0 kg person escapes from a burning building by jumping from a window 25m above a catching net. Assuming that air resistance exerts a 95N force on the person during the fall, determine the person's velocity just before hitting the net.

Computation of net income from data : Computation of net income from given data and Use the following information to calculate the company's accounting net income for the year.

What is amount of cost of goods manufactured for period : The beginning and ending finished goods inventories of a company were $91,000 and $94,000 respectively. If cost of goods sold equaled $800,000, what is the amount of cost of goods manufactured for this period?

Calculate this angular speed in rad/s and rev/min : What would be the potential difference VC - VB across the thin resistor if the battery emf is 4.00 volts? Suppose that the electric field in the thick wires is very small (so that the potential differences along the thick wires are negligible)

Z-score cutoff : Give the Z- score cutoff (or cutoffs) on the comparison distribution at which the null hypothesis should be rejected

Solve the capital budgeting multiple choice questions : Solve the Capital budgeting multiple choice questions and how much is collected from accounts receivable in February

How many electrons are transferred : They are 15.0 m above a fire-fighters safety net. When landing jumper stretches the net 1.0 m before coming to rest. A. what was the average acceleration experienced by the jumper when slowed to rest by the net? B. Is this acceleration positive or ne..

User Account

All Pages