At the beginning of January 2022, a company reported inventory of $4,000. During the month, the company made purchases at a total net cost of $17,800. On January 31, 2022, a physical count of inventory reported $4,200 on hand. Find the cost of goods sold for the month.A. $17,600B. $18,000
C. $17,800
D. $21,800

Answers

Answer 1

Answer:

Answer:

.A. $17,600

Explanation:

The cost of goods sold refers to the costs incurred in producing products sold by a business. The formula for calculating the cost of goods sold (COGS) is as follows

COGS=Beginning Inventory+Purchases −Ending Inventory.

In this case:

Beginning inventory is $4,000

Ending inventory is $ $4,200

purchases : $17,800

Therefore:

COGS = $4,000+ $17,800 -$4,200

COGS =$17,600

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Answers

Income $42,500
Less:
Deductions 0
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What is the difference between a price floor and a price ceiling?A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
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Answers

Answer: The answer is A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.

Explanation:

A price floor refers to the minimum price of a good or product. It is a price control which limits the lowest price of a product or service.

A price ceiling refers to the maximum price of a good. It is the price a seller is mandated to charge for a product or service. Government impose price ceiling in order to protect consumers from buying at higher or expensive prices.

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Answers

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Use a Strong Voice

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Answers

Sam's employer matching a portion of his contributions to a 401k is essential for him to consider when planning how to allocate his cash flow because it provides a valuable opportunity to maximize his retirement savings.

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In addition, the 401k plan provides a long-term investment horizon, allowing Sam's funds to grow through compound interest over time. As his account balance increases, so does the earning potential, which can lead to substantial growth in the long run.

In summary, Sam should prioritize maximizing his employer's 401k matching contributions when allocating his cash flow. Doing so will allow him to take advantage of free money from his employer, reduce his taxable income, and accelerate the growth of his retirement savings, ultimately helping him achieve a more secure financial future.

To know more about Employer matching contributions, refer to the link below:

brainly.com/question/29997233#

#SPJ11

Darlene owns stock in several different companies. When she received a dividend check from her Avatar stock, she endorsed the checks and deposited the money in her daughter's checking account. Consequently, her daughter will be assessed the tax on the dividends.1. True
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Answers

Answer:

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Explanation:

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Answers

Answer:

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Explanation:

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Why are there fewer traditional economies today?