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Zeke Company Is a Manufacturing Company That Has Worked on Several

question 51

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Zeke Company is a manufacturing company that has worked on several production jobs during the 1st quarter of the year. Below is a list of all the jobs for the quarter: Zeke Company is a manufacturing company that has worked on several production jobs during the 1st quarter of the year. Below is a list of all the jobs for the quarter:   Job 356, 357, 358 & 359 were completed. Jobs 356 & 357 were sold at a profit of $500 on each job. What is the ending balance of Finished Goods for Zeke Company as of the end of the 1st quarter? A)  $456 B)  $1,067 C)  $1,685 D)  $2,752 Job 356, 357, 358 & 359 were completed. Jobs 356 & 357 were sold at a profit of $500 on each job.
What is the ending balance of Finished Goods for Zeke Company as of the end of the 1st quarter?

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Definitions:

Notes Payable

Written agreements where the borrower promises to pay back a specified sum of money plus interest to the lender at a future date.

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity and overall financial health.

Financing Activities

Actions leading to alterations in the size and composition of a company's equity capital or debt.

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

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