answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlada [557]
2 years ago
14

Tony’s Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10, n/

30. Returned $1,600 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory
A. increased by $76,832.
B. increased by $78,800.
C. increased by $77,224.
D. increased by $77,232.
Business
1 answer:
kap26 [50]2 years ago
4 0

Answer:

Correct option is D

Answer is increased by $ 77232

Explanation:

Effect on Inventory:    

Increase due to purchase $80000  

Decrease due to return   -$1600  

Increase for freight paid  $400  

Decrease for discouont availed -$1568 (78400*2%)

<u>Net Increase in Inventor =$77,232</u>

You might be interested in
JED Corp., an e-commerce company, has created a network that supports its supply chain management system. The network provides t
k0ka [10]

The question is incomplete, it lacks options.

A) extranet

B) corporate portal

C) intranet

D) executive information system

Answer:

Extranet.

Explanation:

An extranet can be defined as a private network that is used for information sharing. An extranet is a private network which is created by a company to enable customers and suppliers to get specific information about the company but preventing them access to other private and sensitive information.

Extranet makes it very easy to share information with potential customers and various shareholders. Extranet also improves customer service by providing them with various information to solve their questions.

5 0
2 years ago
John Budd is the sole shareholder of Ral Corp., an accrual-basis taxpayer engaged in wholesaling operations. Ral’s retained earn
Annette [7]

Answer: $27,000

Explanation:

Even though for GAAP reasons, revenue is to be recognized only when earned as per the Accrual principle of accounting, this is not so for the calculation of taxable income.

Taxable income is to be calculated on cash basis which means that taxes are to be paid on revenue when the revenue is received in cash and not when it is earned.

As Ral Corp. received the money in 2020, they are to include the entire amount of $27,000 in their 2020 taxable income for rent revenue.

4 0
1 year ago
Silver Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw mater
kakasveta [241]

Answer:

$171,619.20

Explanation:

The computation of the budgeted accounts payable balance at the end of November is shown below:

= Budgeted cost of raw materials purchases in November × following month percentage

= $286,032 × 60%

= $171,619.20

As 40% is paid in the month of purchase whereas 60% is paid to the following month. So, we recognized 60%, not 40%

4 0
2 years ago
Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc
xenn [34]

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.

Explanation:

  • people will pay for the snowboards is $129.99.
  • Ski Market is convinced that it needs a 45%
  • The most that Ski Market can pay to its supplier for the snowboard is
  • = \frac{129.99}{100}×45
  • =$ 58.5
  • =129.99 ±58.5
  • = $71.49
  • Therefore,  Ski Market can pay to its supplier for the snowboards is $71.49.

3 0
2 years ago
Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing e
aleksley [76]

Answer:

monopolistically competitive industry.

Explanation:

this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated

5 0
2 years ago
Other questions:
  • Thompson Design, a popular furniture manufacturer, provides employee support through various workshops on interior design techni
    8·1 answer
  • What is the value today of $4,400 per year, at a discount rate of 8.3 percent, if the first payment is received 6 years from tod
    15·1 answer
  • Question #1: Assume an initial starting Ft of 300 units, a trend (Tt) of eight units, an alpha of 0.30, and a delta of 0.40. If
    11·1 answer
  • Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead ra
    7·1 answer
  • When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.
    11·1 answer
  • Bond A pays $4,000 in 14 years. Bond B pays $4,000 in 28 years. (To keep things simple, assume these are zero-coupon bonds, whic
    9·1 answer
  • Xion Co. budgets a selling price of $80 per unit, variable costs of $35 per unit, and total fixed costs of $270,000. During June
    8·1 answer
  • The manager of a canned-food processing plant has two labeling machine options. On the basis of a rate of return analysis with a
    10·1 answer
  • Based on the information given In the following problem , compute the gross pay
    5·1 answer
  • Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your reco
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!