What is the cost of goods sold

Assignment Help Accounting Basics
Reference no: EM132736998

Question - If Tonya purchased 200 decorative pillows at $12 each and sold 75 of the pillows for $20 each, what is the cost of goods sold?

a. $2,400

b. $1,500

c. $1,100

d. $900

Reference no: EM132736998

Questions Cloud

Identify and explain five weaknesses in fragrant sales : Fragrant Scents Co (Fragrant) manufactures and sells luxury toiletries. Identify and explain FIVE (5) weaknesses in Fragrant sales and receivables system
Connecting with a cultural and ethnically : International business means connecting with a cultural and ethnically diverse audience and clientele.
Compute for the cost of debt : The market have a beta of 2.45, the risk free rate is at 5% while the equity premium is 4%. The tax rate is at 30%. Compute for the cost of debt
Calculate ending inventory balance for Sandhill Corporation : Calculate the ending inventory balance for Sandhill Corporation, assuming the company uses a periodic inventory system and the weighted average cost formula
What is the cost of goods sold : Question - If Tonya purchased 200 decorative pillows at $12 each and sold 75 of the pillows for $20 each, what is the cost of goods sold
How consumer behavior drives other consumers : Consider how consumer behavior drives other consumers. In these rare occurrences like the current experience,
Show how the truck would be reported in the December : Assume that Novak uses the straight-line method. Show how the truck would be reported in the December 31, 2020, balance sheet
Linking marketing to other functional areas : What types of human resource issues should management be aware of and sensitive to when making this change in distribution methods?
What courses of action are available to Carl Boger : What courses of action are available to Carl Boger? Discuss why each course of action may be ethical or non-ethical

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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