# You know these facts about a companys prior calendar year

Posted By Admin @ September 03, 2022

#### Question:

You know these facts about a company’s prior calendar year: Beginning inventory: 100 units at \$10 each. Ending inventory: 50 units at \$9 each. Inventory purchased for resale during the year: \$2,000. What can you calculate using this information?

The item that can be calculated using this information is cost of goods sold.

### What is cost of goods sold?

Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services. it is the cost of acquiring or manufacturing the products that a company sells during a period.

Cost of goods sold includes

1. The expenses of buying and preparing an item for sale
2. It is used to figure gross profit.
3. It is an expense reported on the income statement and it is also called cost of sales.

Hence, the item that can be calculated using this information is cost of goods sold.

## How did the supreme court rule regarding the espionage act

It ruled that the espionage act was constitutionalBasically, the espionage act was believed to go against things like the first amendment or against the amendment …

## What is the formula for the ionic compound ammonium nitrate

Answer : The correct statements are,The chemical formula for ammonium hypochlorite is .The chemical formula for ammonium nitrate is .The chemical formula for ammonium sulfate …

## Explain how the american revolution was essentially a civil war

Explanation:The original source was with the conflicts of Lexington and Concord on April 19, 1775, which continued until September 3, 1783. Spain and Netherlands also …

## Which of the following do performance evaluation tests not measure

AnswerD. Sport knowledgeExplanationPerformance Evaluation Test is an assessment of the manner a task is done and the success of a training program majorly depends upon …

## A line segment has endpoints 4 7 and 1 11

You can use the distance formula for this:√(x2-x1)²+(y2-y1)²so you'll get √(1-4)²+(11-7)² = √(-3)²+(4)² = √9+16 = √25 = 5 and 5 is your answer

## How is the majority of oxygen transported in the blood

Majority of oxygen are transported in the blood by BINDING TO THE HEME PORTION OF HEMOGLOBIN. Hemoglobin is found in the red blood cell. It …

## Individuals can influence their health by controlling their genetic traits

It is false cause individuals is losing health not controlling

## Fertilization usually occurs in the uterus vagina fallopian tubes ovaries

Fertilization usually occurs in the fallopian tubes. Sperm travels into the tube, gets fertilized and it is planted in the uterus! The answer to your …

## Which color of the visible spectrum has the shortest wavelength

Shortest wavelength: Violet In the visible spectrum the shortest wavelength is of violet. Violet is right before ultraviolet in the spectrum. And according to the …

## What do you call a steering wheel on a boat

A large wheel would be easier...a smaller wheel would require more revolutions to accomplish the same direction shift that a larger wheel would...and this would …

## How is the calorie value of a food sample determined

By multiplying the total amount in grams of a given food sample by energy values established by nutritionists for the particular food type i believe

## Which action is most closely associated with the anti-federalists goals

The correct answer is A) Oppose ratifying the Constitution. Anti-federalists were members of a political entity that believed that a strong federal government was bad …