0
Which of the folllowing is the basic formula to determine cost of goods soldd?
Wiki User
∙ 10y ago
Question is missing the required information and hence considered as uncleared or incomplete question.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Why are inventories included in the computation of net income?
To determine cost of goods sold
What are the importance of manufacturing account?
the main purpose for manufacturing account is to determine the cost of goods manufactured
What is the formula to get the cost of goods manufactured for the month with beginning fished goods and ending finished goods and sales and gross margin?
Suppose that:Cost of good manufactured is x=? Beginning Finished Good = 10, 000 ending Finished goods= 5000 sales= 15000 Margin= 5000 Cost of goods sold is actually sales-Margin= 15000-5000=10,000 So, the standard formula is given by: Cost of goods sold= beginning finished goods + Cost of Goods manufactured(x) - ending finished goods. By putting the values we get: 10, 000 = 10, 000 + x - 5000 x= 5000
Formula for cost of goods sold?
Beginning Inventory + Purchases - Cost of Good Sold = Ending Inventory
How can you determine if there are enough finished goods in inventory to fulfill a sales order?
View the unrestricted stock status for the material
What basic components determine the US GDP?
Components that determine the U.S. GDP are : Consumption, the amount that consumers pay for goods; Investment, the amount of money spent on new production facilities, that is, plants and facilities; Services
How did David potter see American capitalism economic beliefs and basic social goods?
As a combination of economic beliefs and basic social goods.
What is merit goods?
Merits goods are the goods that a state or government must provide for its citizens to satisfy their basic necessities.
The need to get goods from producers to consumers raises what basic questions?
How are goods and services distributed
What basic questions are raised by the need to get goods from producers to consumers?
How are goods and services to be distributed?
Consumers help to determine the disturbution of goods?
market
How does the court determine whether goods purchased by a minor are 'necessaries'?
they determine this by determining if the goods bought were in fact necessary. for example food in considered necessary whereas alcohol is not.
Consumers help to determine the distribution of goods.?
Market economy (A+)
How does price help to connect the availability of goods to the demand for goods?
The price of a given commodity will determine both the demand and the availability of goods. If the price is reduced the demand of the goods will increase and the availability of the goods will reduce.
What basic economic questions are answered by he market?
One basic question is for whom goods and services are produced.
What is the basic economic condition of all goods and services?
shortage
Formula for net revenue?
asset -cost of goods sold
