Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

4.The following information is available for Swifty Corporation for 2020: Freight-in $ 58200 Purchase returns 141000 Selling expenses 449000 Ending inventory 517000 The cost of

4.The following information is available for Swifty Corporation for 2020:

Freight-in

58200

Purchase returns

141000

Selling expenses

449000

Ending inventory

517000

The cost of goods sold is equal to 400% of selling expenses. What is the cost of goods available for sale?

$1796000.

$2313000.

$2245000.

$2323000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Forensic Accounting And Fraud Examination

Authors: Paul Barnes

1st Edition

1118454138, 978-1118454152

More Books

Students also viewed these Accounting questions

Question

★★★★★

A section of a sphere is mirrored on both sides. If the magnification of the image of an object is +1.8 when the section is used as a concave mirror, what is the magnification of the same object at...

Answered: 1 week ago

Question

★★★★★

In the middle of January 2025, Mark Mbeke, the owner of Mbekes Hardware Store, decided to expand the business by buying out a local lumberyard. To finance the purchase, Mark had to obtain financing...

Answered: 1 week ago

Question

★★★★★

6.17 A normal random variable X has an unknown mean and standard deviation. The probability that X exceeds 4 is 0.9772, and the probability that X exceeds 5 is 0.9332. Find and ..

Answered: 1 week ago

Question

★★★★★

Given a sample size of 36, how large does the population standard deviation have to be in order for the standard error to be (a) 1 (b) 2 (c) 5 (d) 100

Answered: 1 week ago

Question

★★★★★

Meredith is a passive 30% member of the MNO LLC. She is not a managing member and she does not participate in any activities of the LLC. Her interest is more in the nature of an investment. In the...

Answered: 1 week ago

Question

★★★★★

Exercise 11-6A (Algo) Fixed versus variable cost behavior LO 11-1, 11-2 Jordan Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells...

Answered: 1 week ago

Question

★★★★★

A restaurant manager who arranges to have all of the restaurants leftovers, plus 50 prepared meals, donated to a food bank each week probably exhibited ________ power to coordinate the extra work...

Answered: 1 week ago

Question

★★★★★

How would you express "Juan needs to take an Economics class" in Spanish? Juan tiene tomar una clase de economa. Juan tener estudia una clase de economa. Juan tiene que tomar una clase de economa....

Answered: 1 week ago

Question

★★★★★

Balance sheet 1: 1. If Total Assets are $3,600 and Total Equity is $2,800 then what is the value of Total Liabilities? 2. Fill in the missing information from the balance sheet. Gulf Shipping Company...

Answered: 1 week ago

Question

★★★★★

The Texas Bill of Rights, Section 24 states that the "Military shall _______ to the civil authority." Question 99 options: at all times be subordinate. at times of peace be subordinate. at no time be

Answered: 1 week ago

Question

★★★★★

Question 5 of 21. A significant downfall of the Milestone chart is that it does not effectively portray the relationships, dependencies, and constraints among the project activities and events. Which...

Answered: 1 week ago

Question

★★★★★

Competence: What knowledge, skills and attitude do I have towards what I am going to do?

Answered: 1 week ago

Question

★★★★★

1. Imagine a real situation in your workplace or home situation, where you have given another person feedback on something he has done. a. What was your intention? b. How was the feedback perceived?...

Answered: 1 week ago

Question

★★★★★

Behaviour: What am I doing?

Answered: 1 week ago

Previous Question Next Question