Company A sold merchandise with a list price of $4,200 and costing $2,300 on account to Company B.
The sale was subject to the following terms: FOB destination, 2/10, n/30.
Company A prepays the freight costs of $85 (debit Delivery Expense for the freight costs).
Prior to payment for the goods, Company A issues a credit memo for $750 to Company B for merchandise costing $425 that is returned.
Company A received payment from Company B within the discount period.
Company A uses a perpetual inventory system.

Which of the following statements is true about the amount Company A receives from Company B for the sale?

a. None of these answers are correct.
b. The invoice amount is greater than $3,500 and less than $3,600.
c. The invoice amount is greater than $3,400 and less than $3,500.
d. The invoice amount is greater than $3,300 and less than $3,400.
e. The invoice amount is greater than $2,700 and less than $2,800.
f. The invoice amount is greater than $3,100 and less than $3,200.
g. The invoice amount is greater than $2,900 and less than $3,000.
h. The invoice amount is greater than $3,000 and less than $3,100.
i. The invoice amount is greater than $3,200 and less than $3,300.
j. The invoice amount is greater than $2,800 and less than $2,900.

Answers

Answer 1

Answer: d. The invoice amount is greater than $3,300 and less than $3,400.

Explanation:

The terms of the sale are FOB destination, 2/10, n/30. This means that company B will get a 2% discount if they pay in 10 days, if not, they will have to pay in 30 days.

The goods were sold at a list price of $4,200.

Company B returned $750 according to the Credit memo from Company A.

This reduces the transaction amount by that credit memo,

= 4,200 - 750

= $3,450

It is stated that Company B paid within the discount period which was 10 days so they get the discount for a total balance of,

= 3,450 * (1 - 2%)

= $3,381

The answer therefore is option D.


Related Questions

What is opportunity cost?
The tax that is paid on income
The fees that are paid for education
the value of an alternative you give up
the interest paid on a long-term investment

Answers

The answer would be B

A coin sold at auction in 2019 for $1,965,500. The coin had a face value of $5 when it
was issued in 1794 and had been previously sold for $305,000 in 1971.
b.
At what annual rate did the coin appreciate from its first minting to the 1971 sale?
(Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
What annual rate did the 1971 buyer earn on his purchase? (Do not round
intermediate calculations and enter your answer as a percent rounded to 2
decimal places, e.g., 32.16.)
At what annual rate did the coin appreciate from its first minting to the 2019 sale?
(Do not round intermediate calculations and enter your answer as a percent
rounded to 2 decimal places, e.g., 32.16.)
Answer is complete but not entirely correct.

Answers

At the annual rate of 0.0642 or 6.42% the coin did appreciate from its first minting to the 1971 sale.

Given,

Coin sold at auction in 2019 for - $1,965,500

Face value - $5

Previously sold for - $305,000

Annual rate - ?

The period 't' between the year when the coin was issued, 1794, and 1971 is:

t = 1971 - 1794

t = 177 years

So, if the coin had a value of $5 and after a period of t=177 years it was worth $305,000, the annual rate by which the coin appreciated from its first minting to the 1971 sale is determined by:

\(305, 000 = 5 * (1+r)^{177} \\r = \sqrt[177]{61,000} - 1\\r = 0.0642\\r = 6.42%\)

Hence, the annual rate is 0.0642 or 6.42%.

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multiple choice question according to the vrio framework, a rare resource is if firms that do not possess the resource are unable to develop or buy the resource at a comparable cost.

Answers

According to the VRIO framework, a rare resource is one that is difficult for other firms to obtain at a comparable cost.

This means that firms that do not possess the resource are unable to develop or buy the resource at a comparable cost. This makes the resource valuable and gives the firm a competitive advantage. The VRIO framework is a tool used to analyze a firm's internal resources and capabilities to determine if they can be a source of sustained competitive advantage.

The four components of the VRIO framework are value, rarity, inimitability, and organization. A resource must have all four of these characteristics to be a source of sustained competitive advantage.

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A company proposes to invest in two divisible projects which are expected to generate the following cash flows.   Cash flows Year Project A Project B
1 10,000 10,000
2 60,000 30,000
Additional information
1.       The cost of capital applicable to both projects is 12%
2.       Project A requires sh. 20,000 and Project B 10,000 initial investment. 3.       The funds available are restricted as follows;
Years Cash available
0 1,000,000
1 800,000
4.       Funds not utilized one year will not be available in the subsequent years. Required;         
i.            Formulate a linear programming model to solve the above problem.        ii.            Solve the problem graphically and comment on the proportion of investing on the two projects.​

Answers

The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.

To formulate a linear programming model for the investment decision between Project A and Project B, we can define the following variables:

Let x be the amount invested in Project A (in thousands of shillings).

Let y be the amount invested in Project B (in thousands of shillings).

The objective is to maximize the total cash flows generated from the investments, which can be represented as: Maximize Z = 10x + 60y + 10x + 30y

Subject to the following constraints:

The total investment should not exceed the available funds:

x + y ≤ 1,000 (in thousands of shillings)

Project A requires an initial investment of 20,000 (in thousands of shillings):

x ≥ 20

Project B requires an initial investment of 10,000 (in thousands of shillings):

y ≥ 10

The funds available in each year should be utilized:

x + y ≤ 800 (for year 1)

The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.

Based on the graphical solution, the proportion of investing in the two projects will depend on the intersection of the feasible region and the objective function. The specific proportion will vary depending on the values and slopes of the constraints and objective function.

It is important to note that the actual graphical solution and interpretation of the proportion will require the specific values and plot of the feasible region and objective function.

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Sweet Catering completed the following selected transactions during May 2016:

May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $170
May 9: Received cash for meals served to customers, $2,300
May 14: Paid cash for kitchen equipment, $2,700
May 23: Served a banquet on account, $2,000
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $1,300
May 31: Recorded depreciation for May on kitchen equipment, $180

Required:
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?

Answers

Answer:

ask the internet

Explanation:

to get your answer hope this was helpful to you

A style guide, such as an MLA manual, will assist you in:
a
Correctly using grammar and punctuation
b
Helping you check your spelling
c
Formatting your references correctly
d
None of these are correct uses for style guide

Answers

Answer:

d

Explanation:

A style guide, such as an MLA manual, will assist you in "None of these are correct uses for style guide". The correct option is D.

A style guide like an MLA manual, serves multiple functions beyond grammar, punctuation, spelling or formatting references. It provides a structured framework for consistency in various communication aspects.

It guides writers in maintaining a uniform tone, style, and formatting across documents, ensuring clarity and professionalism.

The guidelines for layout, headings, citations, and visual elements, a style guide supports effective communication, fosters credibility, and aligns written materials with a specific purpose or brand identity.

Therefore, the correct option is D.

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Legal status of a person or entity that cannot repay the debts they oweStays on credit report for 7 years

Answers

Answer:

i think its 5

Explanation:

because the overtime of this will add up

Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.

Answers

Answer:

B

Explanation:

If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.

Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.

What is the significance of an ethical problem?

An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.

The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.

Therefore, the option B holds true and states regarding the significance of an ethical problem.

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When the nervousness about a situation outweighs the gain from the information, you're suffering:

Answers

An individual whose anxiousness about a circumstance outweighs the gain from the information is suffering from anxiety disorder.

Understanding anxiety disorders?

When someone is affected socially, mentally or psychologically as a result of unexpected life situations, we say that they are affected by condition we refered to as anxiety disorders.

However, from the task content above, we have seen understood that this man was so much in a great shock when the information was brought to him which renders his mental health in difficulty.

So therefore, when a man, woman, young or even the old one suffers from anxiety disorder, they have been faced by shocking information will makes them suffers from anxiety disorder.

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mixed economy is characterized by a co existence of?​

Answers

Answer:

See explanation below

Explanation:

A mixed economy is a mixture of capitalism (private enterprise) and socialism (public enterprise).

Hyundai Motors is considering three sites—A, B, and C—at which to locate a factory to build its new-model automobile, the Hyundai Sport C150. The goal is to locate at a minimumcost site, where cost is measured by the annual fixed plus variable costs of production. Hyundai Motors has gathered the following data: ••• 8.18 SITE A B C ANNUALIZED FIXED COST $10,000,000 $20,000,000 $25,000,000 VARIABLE COST PER AUTO PRODUCED $2,500 $2,000 $1,000 The firm knows it will produce between 0 and 60,000 Sport C150s at the new plant each year, but, thus far, that is the extent of its knowledge about production plans. a) For what values of volume, V, of production, if any, is site C a recommended site? b) What volume indicates site A is optimal? c) Over what range of volume is site B optimal? Why?​

Hyundai Motors is considering three sitesA, B, and Cat which to locate a factory to build its new-model

Answers

The volume of production that illustrates that site C is a recommended site is 10000 automobiles.

How to calculate the production?

The total cost of A will be:

= 2500x + 10000000

The total cost for B will be:

= 2000x + 20000000

The total cost for C will be:

= 1000x + 250000

The volume, V, of production, if site C is a recommended site. The value will be:

2500x + 10000000 = 1000x + 25000000

2500x - 1000x = 25000000 - 10000000

1500x = 15000000

x = 15000000/1500

x = 10000 automobiles

The volume indicates site A is optimal is also 10000 automobiles.

In conclusion, sure B would not be attractive at any volume of production as the costs will be higher than the cost of site A.

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Buyer Beware Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $30 and Buyer Beware Toy would sell it currently for $65. The cost to assemble the product is estimated at $21 per unit and the company believes the market would support a new price of $85 on the assembled unit. What decision should be made about whether to sell or process further?

A)
Sell before assembly, the company will be better off by $1 per unit.

B)
Sell before assembly, the company will be better off by $20 per unit.

C)
Process further, the company will be better off by $29 per unit.

D)
Process further, the company will be better off by $14 per unit.

Answers

I think it $1 per unit

Carradine Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on total fixed manufacturing overhead cost of $105,000, variable manufacturing
overhead of $3.00 per machine-hour, and 70,000 machine-hours. The company recently
completed Job P233 which required 60 machine-hours. The amount of overhead applied to Job
P233 is closest to:
A) $90
B) $270
C) $450
D) $180

Answers

Answer:

Answer:

Amount of overhead applied is  $270

correct option is  (a) $270

Explanation:

given data

overhead cost = $105,000

overheat rate = $3 per machine hour

manufacturing overhead = 70000 machine hour

required = 60 machine hours

to find out

The amount of overhead applied to Job P 233 is closest to

solution

we find manufacturing overhead rate here that is

manufacturing overhead rate =  

put here value

manufacturing overhead rate =  

manufacturing overhead rate = 1.5 per machine hour  

and

Total manufacturing overhead rate will be for overheat rate $3

Total manufacturing overhead rate = (3 + 1.5) = $4.5 per machine hour

so we can say that Amount of overhead is job P 233 is

Amount of overhead applied = 60 × $4.5 = 270

so here correct option is  (a) $270

Explanation:

Bluegill Company sells 14,000 units at $240 per unit. Fixed costs are $168,000, and operating income is $1,176,000. Determine the following:
a. Variable cost per unit.
b. Unit contribution margin.
c. Contribution margin ratio.

Answers

Answer:

a. Variable cost per unit:

= (Sales - Fixed costs - Operating income) / number of units sold

= ((14,000 units * 240) - 168,000 - 1,176,000) / 14,000

= 2,016,000 / 14,000

= $144 per unit

b. Unit contribution margin:

= Selling price - Variable cost per unit

= 240 - 144

= $96

c. Contribution margin ratio:

= Unit contribution margin / Selling price

= 96 / 240

= 40%

Write the quadratic equation in standard form that corresponds to the graph shown below.

Write the quadratic equation in standard form that corresponds to the graph shown below.

Answers

The quadratic equation of the graph in standard form is y = x² + 2x - 8

What is a quadratic equation in standard form?

A quadratic equation in standard form is given by y = ax² + bx + c

Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at

(-4, 0) and(2, 0)

The x - intercepts are the roots of the quadratic equation.

So, we have that

x = -4 andx = 2

So,

x + 4 = 0 andx - 2 = 0

So, the factors of the quadratic equation are

x + 4  andx - 2

So, multiplying the factors, we have that the equation is

y = (x + 4)(x - 2)

= x² - 2x + 4x + 4 × (-2)

= x² - 2x + 4x - 8

= x² + 2x - 8

So, the quadratic equation is y = x² + 2x - 8

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Kinesics is the study of the relationship between body language and communication and includes all
of the following except
O eye contact
O how the speaker uses time
O body posture
O facial expressions
O how people move

Answers

Kinesics is the study of the relationship between body language and communication and includes all of the following except Option B. how the speaker uses time.

Kinesics is the study of body language and how it relates to communication. It includes eye contact, body posture, facial expressions, and how people move. However, the one thing it does not include is how the speaker uses time. Kinesics is an essential part of non-verbal communication. The study of kinesics is vital because it helps to understand what people are saying through their body language, which is a crucial element of communication.

Kinesics involves the observation of nonverbal behaviour in human interaction. It is concerned with facial expressions, posture, gestures, and body movements. Body posture is an important part of kinesics because it reflects a person's mood, attitude, and personality.

Facial expressions are also an important part of kinesics as they are the primary way to communicate emotion and attitude. The study of how people move is also an important aspect of kinesics. It can reveal a lot about a person's mood, personality, and culture, such as whether they are relaxed, stressed, or tense. Eye contact is another critical aspect of kinesics. It is the primary way to communicate interest, attention, and sincerity.

The use of time in communication involves the timing and sequencing of verbal and nonverbal behaviour. It is important because it can affect the message's meaning and how it is received. In conclusion, kinesics is a critical field of study because it helps to understand how nonverbal behaviour is an essential aspect of communication. Therefore, the correct option is B.

The question was incomplete, Find the full content below:

Kinesics is the study of the relationship between body language and communication and includes all of the following except

A. eye contact

B. how the speaker uses time

C. body posture

D. facial expressions

E. how people move

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Miller Park Stadium Project Case Study

Answers

Answer:

what about it lol there's no question

lol what? where the question

What is selling on account, and what are its advantages and disadvantages?

Answers

Buying your accounts overdue has an instant influx of cash as its main benefit. When you sell anything at all on credit, there's a possibility that the buyer will go bankrupt and not be able to afford to pay you.

A business account is really what?

Checking, savings, credit card, and payment processing accounts are examples of typical corporate accounts. You can take debit and credit transactions from your clients if you have a payment processing account. Once you have acquired your federal EIN, you may create a business bank account.

What do you term a business account?

Quick access to business trust funds. a checking account for businesses. Savings account for a business. Trade finance account for businesses. Certificate of Deposits for Business.

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brightidea, the maker of a highly innovative light bulb, finds that it has way too much excess inventory. the firm increases its advertising budget by 50 percent and doubles its sales staff. this company is operating as if it were in which of the following marketing orientations?

Answers

BrightIdea, the maker of a highly innovative light bulb, finds that it has way too much excess inventory. The firm increases its advertising budget by 50% and doubles its sales staff. This company is operating as if it were "sales " orientation.

A sales orientation is a business philosophy that focuses on maximizing sales revenue and market share as the primary goal of the organization. In a sales-oriented organization, the sales function is typically given the highest priority and resources are allocated accordingly. The primary focus is on increasing sales and generating revenue, rather than on delivering high-quality products or services, building customer relationships, or improving customer satisfaction.

A sales orientation is typically used by organizations that operate in highly competitive markets, where the primary objective is to generate sales and increase market share. However, this approach can be short-sighted, as a solely sales-oriented approach may result in lower customer satisfaction, reduced brand loyalty, and limited long-term growth potential.

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Complete Question -
BrightIdea, the maker of a highly innovative light bulb, finds that it has way too much excess inventory. The firm increases its advertising budget by 50% and doubles its sales staff. This company is operating as if it were " _______" orientation.

research suggests that which of the following events is more likely to be paid attention to and later recalled from memory?
An employee has several pleasant encounters with customers on a particular day
A supervisor praiser an employee on a job well done
An emplooye gets into an argument with a coworker
There are no differences between the above events

Answers

An employee has several pleasant encounters with customers on a particular day research suggests that which of the following events is more likely to be paid attention to and later recalled from memory.

Generally speaking, a service encounter is any direct engagement a customer has with a employee service provider, including any face-to-face conversation and experience [7]. Service encounters are "any discrete interactions between the consumer research and the service provider relevant to a core service offering," according to Voorhees et al. [8]. Service encounters are transactional interactions in which one person (such as a vendor, office assistant, or travel agent) offers another person.

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Batterton prepaid a two full​ years' insurance on December 1 of the current​ year, $6,960. Record insurance expense for the year ended December 31.

Answers

Answer:

A y a good time for me is that

From the following trial balance of G.foot after his first year trading. You are required to draw up an income statement for the year ending 30 june 2019

Answers

Drawing up an income statement for the year ending 30 June, 2019, for G. Foot Company shows a net income of $65,600.

G Foot Company

Income Statement

For the Period Ended June 30, 2019

Sales                                                    $266,000

Purchases                              154,000

Ending inventory                    (18,000)

Cost of goods sold                                136,000

Gross profit                                          $130,000

Expenses:

Rent                                           3,800

Lighting and heating expenses 700

Salaries and wages               52,000

Insurance                                 3,000

Sundry expenses                       300

Motor running expenses       4,600  $64,400

Net income                                        $65,600

Question Completion:

A statement of financial position is not required.

Trial balance as at 30 June 2012

                                                   Dr             Cr

Sales                                                       266,000

Purchases                              154,000

Rent                                           3,800

Lighting and heating expenses 700

Salaries and wages               52,000

Insurance                                 3,000

Buildings                                84,800

Fixtures                                    2,000

Accounts receivable              31,200

Sundry expenses                       300

Accounts payable                                     16,000

Cash at bank                         15,000

Drawings                              28,600

Vans                                      16,000

Motor running expenses      4,600

Capital                                                     114,000

Totals                                396,000      396,000

Ending inventory at June 30, 2019, was $18,000

Thus, an income statement for the year ending 30 June 2019, for G. Foot Company shows a net income of $65,600, which is the difference between the sales revenue and the costs incurred for the year.

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A singular intended objective of project is part of a macro-plan? True or false

Answers

Answer:

True

Explanation:

In the world of weight loss, there are TONS of diet plans out there. Some work. Some don’t. You can count calories. Or points. Or carbs. Or you can track one of the most countable elements: macros. Macros or “flexible dieting” is all the rage, but is it a proven method to healthy living? Here’s the skinny on macro counting

hope it helps you:)

. for budget constraint 2, suppose that the price of good y is $90 per unit. what is the price of good x?

Answers

Based on the budget constraint graph, if the price of good Y is  $90 per unit. then the price of good X is $81 per unit.

A budget constraint graph of two products, also known as an indifference curve budget line graph, is a visual representation of the various combinations of two products that a consumer can purchase with a fixed budget.

The graph shows the trade-offs between the two products, which are represented on the x and y-axis, given the consumer's income and the prices of the two products.

In the given graph, there are two products: product Y and product X.

The y-intercept means all money will be used to purchase product Y, while the x-intercept means all money will be used to buy product X.

From the graph, we know that:

y-intercept = (0, 18)

x-intercept = (20,0)

The price of product Y is $90 per unit, hence,

   total money available = 18 x $90

The price of product X, then:

price of product X = money available / maximum quantity of product X

                              = 18 x 9$0 / 20 = $81

The graph in your question is missing, most likely it was like on the attached picture.

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. for budget constraint 2, suppose that the price of good y is $90 per unit. what is the price of good

You have a Saturday job that pays $10 per hour and you work 10 hours when
you're there. You are thinking about buying a car that cost $1,000 dollars. How
many Saturdays do you have to work to earn the money?
OA. I will have to work 5 Saturdays to get the money
OB. I will have to work 10 Saturdays to get the money.

Answers

Answer:

B: 10 Saturdays

Explanation:

ok so 10×10=100 so $100 each Saturday now 100×10=1000 so it's B

What should your statement show if
you have zero balance and you did
NOT use the credit card in the last
month?
A. $20
B. 2% APR
C. $0
D. 10% bonus

Answers

Answer:

C. $0

Explanation:

Using a credit card does not have to be expensive to cost a customer. Paying  the full statement balance before the due date helps a credit card user avoid expensive interests and fees.  A credit card attracts interest only when outstanding balances.

Should a customer clear the statement balance before the credit company generates a statement, their balance will be $0 when the statement is generated. Paying all balances early does not save on interests but improves on credit score.

What is market environment

Answers

Answer:

The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.

Explanation:

The internal factors relate to the company itself, such as owners, workers, materials, components, etc.

The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.

What are the differences between psychodynamie and psychounalytic
theories of personality?

Answers

Answer:

The words psychodynamic and psychoanalytic are often confused. Remember that Freud's theories were psychoanalytic, whereas the term 'psychodynamic' refers to both his theories and those of his followers. Freud's psychoanalysis is both a theory and therapy.

list 5 departments of commercial Bank and explaine their functions or roles​

Answers

Answer:

Explanation:1. Retail banking: This department mainly focuses on providing bank services to individual customers such as accounts, loans, credit cards, and financial advice.

2. Corporate banking: this department provides managing bank services for businesses, offering trade finance solutions, and managing cash flow.

3. Investment banking: This department mainly deals with financial advisory services for companies and institutions, including underwriting securities and providing strategic financial advice.

4. Operation and Technology: Handles the banks day to day operations such as customer service. information technology and transaction processing.

5. Risk Management: Focuses on identifying and assessing risks faced by bank such as credit risk, market risk, operation risk and compliance risk they develop rules and regulations to protect the banks assest.

What is an advantage of using Excel’s built-in templates to create invoices?

a The setting and data heading are already made and the data just needs to be inserted.
b A built-in template cannot be modified in any way, so the file’s look will be consistent.
c Only one invoice template is available, so it will be easy to learn how to use a template.
d Templates take a lot of time to set up initially, but then they save time for future applications.

Answers

Answer:

A. The setting and data heading are already made and the data just needs to be inserted.

Explanation:

here's your answer..

What is an advantage of using Excels built-in templates to create invoices?a The setting and data heading
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