Cost of good sold cogs Study guides, Class notes & Summaries
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IDIS 240 FINAL EXAM 2024- VESTAL QUESTIONS AND ANSWERS 100% ACCURATE
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IDIS 240 FINAL EXAM 2024- VESTAL QUESTIONS AND ANSWERS 100% ACCURATE 
 
 
Cash Flow 
Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank 
List Price 
The retail price listed 
selling price 
list price - trade discounts 
Net price 
= selling price - allowable discounts (cash discounts) 
Net Sale 
Cost of Good Sold (COGS) 
= Cost of Merchandise + Freight from Manufacturer 
Trade Discounts 
specify term of sale and change of price with how they see f...
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CSCP Module 1 Latest Update Graded A+
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CSCP Module 1 Latest Update 
 
Graded A+ 
 
Decoupling Creating independence between supply and use of material. Commonly denotes 
providing inventory between operations so that fluctuations in the production rate of the 
supplying operation do not constrain production or use rates of the next operation. 
 
gross margin The difference between total revenue and cost of goods sold 
 
optimization Achieving the best possible solution to a problem in terms of a specified 
objective function. 
 
cycl...
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WGU C268 Spreadsheets Formulae Practice Test Correctly Solved A+
- Exam (elaborations) • 16 pages • 2023
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WGU C268 Spreadsheets Formulae Practice Test Correctly Solved A+ 
 
Calculate the payment amount for the loan in cell C15. Reference the cells containing the appropriate loan information as the arguments for the function you use. Cells C20-C67 in the "Payment" column are populated with the payment amount from cell C15. [34 Points] *Ans* =PMT(C13/12,C12,C11) 
 
Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in period 0 (cell F19) by the loan interest rate (c...
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CSCP LATEST UPDATE WITH VERIFIED SOLUTIONS
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CSCP LATEST UPDATE WITH VERIFIED 
 
SOLUTIONS 
 
available-to-promise (ATP) 1) In operations, the uncommitted portion of a company's 
inventory and planned production maintained in the master schedule to support customer-order 
promising. [This] quantity is the uncommitted inventory balance in the first period and is 
normally calculated for each period in which an MPS receipt is scheduled. In the first period, 
[this] includes on-hand inventory less customer orders that are due and overdue. Th...
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WGU C268 Spreadsheets Questions and Answers (2023) (Verified Answers)
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Calculate the payment amount for the loan in cell C15. Reference the cells containing 
the appropriate loan information as the arguments for the function you use. Cells C20- 
C67 in the "Payment" column are populated with the payment amount from cell C15. [34 
Points] - Correct answer-=PMT(C13/12,C12,C11) 
Calculate, in cell D20, the interest amount for period 1 by multiplying the balance in 
period 0 (cell F19) by the loan interest rate (cell C13) divided by 12. Dividing the interest 
rate by...
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ACCT 229 - Exam 2 Latest 2023 Already Graded A
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ACCT 229 - Exam 2 Latest 2023 Already Graded A Inventory Goods held for resale. Reported as a current asset on the balance sheet. 
COGS The amount we paid for goods we have sold. Reported as an expense on the income statement. 
2 methods for accounting for inventories: Perpetual and Periodic methods 
Perpetual Method This method for accounting for inventories is used in companies with low volume, high priced goods. It keeps a running total of the inventory on hand and recognizes a loss. 
Periodi...
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Accounting Crash Course Exam V4 Wall Street Prep Exam Questions with complete Answers | Latest Updated 2024/2025 | Graded A+.
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Accounting Crash Course Exam V4 Wall Street Prep Exam Questions with complete Answers | Latest Updated 2024/2025 | Graded A+. What is Accounting?: Accounting is the language of business; it is a standard 
set of rules for measuring a company's financial performance. 
Assessing a company's financial performance is important for: 
The firm's officers (managers and employees) 
Investors 
Lenders 
General public 
Standard financial statements serve as a "yardstick" of communicating financial 
p...
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CSCP LATEST UPDATE WITH VERIFIED SOLUTIONS
- Exam (elaborations) • 42 pages • 2024
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CSCP LATEST UPDATE WITH VERIFIED 
SOLUTIONS 
available-to-promise (ATP) 1) In operations, the uncommitted portion of a company's 
inventory and planned production maintained in the master schedule to support customer-order 
promising. [This] quantity is the uncommitted inventory balance in the first period and is 
normally calculated for each period in which an MPS receipt is scheduled. In the first period, 
[this] includes on-hand inventory less customer orders that are due and overdue. Three ...
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Overview for Civil Service Exam || A+ Verified Solutions.
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Accounts Receivable correct answers The amount of money owed by customers or clients to a business after goods or services have been delivered and/or used. 
 
Accounts Payable correct answers The amount of money a company owes creditors (suppliers, etc.) in return for goods and/or services they have delivered. 
 
Assets correct answers Those that will be converted to cash within one year. Typically, this could be cash, inventory or accounts receivable. Fixed assets (FA) are long-term and will li...
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Intermediate Accounting Exam 1 Questions with Verified Solutions
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Intermediate Accounting Exam 1 Questions 
with Verified Solutions 
Indicate which accounts should be debited and credited. Purchased inventory for cash. - 
answerDebit inventory, credit cash 
Indicate which accounts should be debited and credited. Paid a cash dividend. - 
answerDebit Retained earnings, credit cash 
Indicate which accounts should be debited and credited. Paid rent for the next three months. - 
answerDebit Prepaid rent, credit cash 
Indicate which accounts should be debited and cr...
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