User Account

All Pages

What was the companys cost of goods sold for the month

Assignment Help Financial Management
Reference no: EM132409531

Question

Gabat Inc. is a merchandising company. Last month the company's merchandise purchases totaled $122,000. The company's beginning merchandise inventory was $32,000 and its ending merchandise inventory was $30,000. What was the company's cost of goods sold for the month?

Reference no: EM132409531

Questions Cloud

How much overhead cost would be assigned to product q06j : Last year, Product Q06J involved 6 customer orders, 491 assembly hours, and 23 batches. How much overhead cost would be assigned to Product Q06J.
Compute the unit product cost that would appear on the job : The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $10 per direct labor-hour.
What is the total amount of the costs : The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store.
What is the best estimate of the proportion of adults : What is the best estimate of the proportion of adults who believe that immediate government action is? required?
What was the companys cost of goods sold for the month : The company's beginning merchandise inventory was $32,000 and its ending merchandise inventory was $30,000. What was the company's cost of goods sold?
What is the probability that an 18-year-old man : What is the probability that an 18-year-old man selected at random is between 67 and 69 inches tall? (Round your answer to four decimal places.)
Belonging to an ultraconservative political group : A government agency takes a random sample of income tax returns to obtain information on the marital status and average income of people
Why does depreciation lower operating income and net income : Why does depreciation lower operating income and net income, but not gross profit? And does by something on credit affect all of them?
Prepare a purchases budget in metres for the first quarter : Prepare a purchases budget in metres for the first quarter of 2019, giving total purchases in both metres and dollars for each month.

Reviews

Write a Review

Financial Management Questions & Answers

  Tennessee have designed new assembly fixture

The production manager and manufacturing engineer in the assembly department of WM3 ’s facility in Tennessee have designed a new assembly fixture.

  Generate over the projects lifetime in british pounds

Assume that Salisbury Corporation is considering the establishment of a subsidiary in England. The initial investment required by the parent is $40,000,000. If the project is undertaken, Salisbury would terminate the project after four years. Listed ..

  Reported equity beta-what is the value of the firm

You are going to value Sheldon’s Flag co. using the FCF model. After consulting various sources, you find that Sheldon has reported equity beta of 1.7. a debt-to equity ratio of .5, and a tax rate of 40%. Assume a risk-free rate of 6% and a market ri..

  Total real return on investment

If the inflation rate was 2.4 percent over the past year, what was your total real return on investment?

  What is the incremental cost of borrowing the extra

Mr. Al-Bakor has an existing loan with payments of $782.34. The interest rate on the loan is 10.0% and the remaining loan term is 10 years. The home is now worth $120,000 and Mr. Al-Bakor would like to borrow an additional $30,000 through a wraparoun..

  With loss indicated by negative amount

how much would a long position gain or lose, with a loss indicated by a negative amount?

  Currently pays no dividend because of depressed earnings

The VSE Corporation currently pays no dividend because of depressed earnings.

  What is meant by the term secondary mortgage market

What is meant by the term “secondary mortgage market”? How does it work?

  What is the expected rate of return on its shares

If Sime Natural Cosmetics is fairly priced in the marketplace, what is the expected rate of return on its shares?

  What is the present value of an annuity that pays

Suppose the interest rate is 7.9 % APR with monthly compounding. What is the present value of an annuity that pays $ 105 every three months for five years?

  What is the percentage change in price of bond

Both bond A and bond B have 9.2 percent coupons and are priced at par value. Bond A has 6 years to maturity, while bond B has 20 years to maturity. If interest rates suddenly rise by 1.8 percent, what is the percentage change in price of bond A and b..

  Maximum amount of loan you can qualify for

If not, what is the maximum amount of loan you can qualify for?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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