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lesya692 [45]
2 years ago
9

Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchan

dise with an invoice amount of $8,000 and received full credit.a. If Elkhorn Company pays the invoice within the discount period, what is the amount of cash required for the payment?
b. What account is debited by Elkhorn Company to record the return?
Business
1 answer:
Vanyuwa [196]2 years ago
6 0

Answer:idk

Explanation:

idk

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Assume that Jackson is a​ price-taker and the current wholesale market price is $7.30 per can of paint. What is the target total
Mumz [18]

Answer:

Jackson's target total cost of producing and selling 6 million cans of paint of $31,800,000 will enable it to reach stockholders' profit goals of $6 million.

The implication is that it should not allow its total costs (Production and other business expenses) to exceed $37,800,000.

This is because its sales revenue will be equal to $43,800,000 (6,000,000 * $7.30).

As such, Jackson can produce a can of paint for $5.30.  It can also incur an average business expense of $1.00 per can to maintain and reach its $6 million profit target.

Explanation:

Profit is the difference obtained after deducting all costs from the revenue.  There are some profit stages.  The first is the gross profit, which considers the sales revenue and the cost of goods sold.  The next profit stage is the operating profit, which subtracts the business running expenses from the gross profit.  There are also profits before and after interest and taxes.  The after tax profit is also called the net income or net profit.  If it is negative, then it is called the net loss.  It is from the net income that distributions are made to stockholders in the form of dividends while a part is retained in the business to increase its capital stock or stockholders' equity.

8 0
2 years ago
With the decline of fuel price globally, airline companies continue to reap the benefits. What impact will this have an Emirates
Assoli18 [71]

Answer: It wouldn't have any impact on Emirates business strategy in the future as Emirates 26years long plan has helped them to be at the very top of their game with continuous profit

Explanation:

It wouldn't have any impact on Emirates business strategy in the future as Emirates 26years long plan has helped them to be at the very top of their game with continuous profit. The company's human resource are lean already and they are cost effective making them to be ahead of the competitors

5 0
1 year ago
Marko Shioda, master scheduler at Randall Manufacturing Company, prepared the following MPS for one of the firm's major end prod
Sergio039 [100]

Answer:

Explanation:

MPS Week 1 = 150

It takes 3 widgets for 1 WhatchaMacalit.

Widgets required Week 1 = 150 *3 = 450

Painting hours required Week 1 = 450*0.5 = 225 hours

Painting hours required Week 2 = 120*3*0.5 = 180 hours

Similarly, Week 3 = 75 hours

Week #        1 2 3

Widget paint 225 180 75

5 0
2 years ago
The Food and Drug Administration is targeting salt in processed foods as a health hazard, and some experts believe the agency wi
____ [38]

Answer:

<u>d) objective research</u>

<u>Explanation:</u>

We need to note that mention was made that the research was "<em>Carefully controlled." </em>Been carefully controlled shows that the research has an objective.

Furthermore, measuring the reactions of consumers at different salt levels makes the research factual and thus a decision could be made from the findings.

8 0
2 years ago
Flora and Fauna Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age
vladimir2022 [97]

Answer:

$6,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Since the Allowance for Doubtful Accounts has a credit balance of $1,200 before adjustment at December 31, 2016, the additional amount to be allowed

= $7200 - $1200

= $6000

This will be posted as

Debit Bad debt expense  $6000

Credit Allowance for doubtful debt  $6000

4 0
2 years ago
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