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
OverLord2011 [107]
2 years ago
15

Sampson Company's accounting records show the following at the year ending on December 31, 2010: Purchase Discounts $ 5,600 Frei

ght - in 7,800 Purchases 200,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400 Using the periodic system, the cost of goods purchased is A. $180,210. B. $204,210. C. $208,610. D. $195,810.
Business
1 answer:
Ivahew [28]2 years ago
7 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Purchase Discounts $ 5,600 Freight - in 7,800 Purchases 200,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400 Using the periodic system

Purchased= 200,010 + 7,800 - 5,600 - 6,400= $195,810

You might be interested in
The order of presentation of activities on the statement of cash flows is
Rufina [12.5K]

Answer:

Operating activities

Investing activities

Financing activities

Explanation:

In a cash flow statement, the activities of the organization are usually recognized in 3 parts namely; Operating activities, investing activities and financing activities.

The operating activities include elements such as net profit, non cash items, change in current assets and liabilities.

The investing activities include cash flows from the disposal and purchase of assets etc

The financing activities includes cash flows from the disposal and sale of shares etc.

The net cash flows from these activities is the netted off the cash balance at the beginning of the period to get the cash balance at the end of the period.

Hence the order of presentation of activities on the statement of cash flows is

Operating activities

Investing activities

Financing activities

6 0
2 years ago
Everything Looks Like a Nail, Inc. is a manufacturing company that produces hammers. The company faces a number of different fix
nikitadnepr [17]

Answer:

a. Regulatory compliance costs  - Fixed cost

b. Salaries of top management and key personnel - Fixed cost

c. Cost of metal used in manufacturing  - Variable cost

d. Cost of wood used in manufacturing  - Variable cost

e. Mortgage payments  - Fixed cost

f. Industrial equipment costs  - Fixed cost

g. Interest on debt  - Fixed cost

h. Postage and packaging costs - Variable cost

Explanation:

The cost which is affected by the production of units is known as variable cost. The cost which does not vary with the units produced is fixed cost. Fixed cost does not change from period to period irrespective of level of output and is usually same for a certain period. It is easy to budget for fixed costs instead of variable cost. Variable cost changes every period and is based on company's output.

6 0
1 year ago
Read 2 more answers
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you received your s
lisabon 2012 [21]

Answer:

FV =  2,621,048.23

Explanation:

we will calcualte the future value of an annuity with an geometric progression:

\frac{(1+r)^{n} -(1+q)^{n}}{r - q} = FV

g 0.03

r 0.092

C 5,356 ( we will save next year (52,000 x 1.03) the 10% )

n 39 (we start saving next year)

\frac{(1+0.092)^{39} -(1+0.03)^{39}}{0.092 - 0.03} = FV

FV = 2,400,227.319

As we deposit at the first day of the year this will be an annuity-due so we will multiply by (1 +r)

FV =  2,621,048.23

3 0
1 year ago
Read 2 more answers
A club sold 80 boxes of candy, some at $1.75 and some at $3.25. total revenue was $160. an appropriate equation to determine the
Lorico [155]
20 dollars each box i think
5 0
1 year ago
You can now sell 70 cars per month at $35,000 per car, and demand is increasing at a rate of 4 cars per month each month. What i
Eduardwww [97]

Answer:

the fastest we could drop your price before your monthly revenue starts to drop is $2,000

Explanation:

Data provided in the question:

Cars sold per month, Q =  70 cars

Price of each car, P = $35,000

Rate of increase in demand, \frac{dQ}{dt} = 4 cars per month

Now,

Revenue, R = Price(P) × Quantity (Q)

Thus,

When monthly revenue starts to drop i.e \frac{dR}{dt} < 0

⇒ \frac{dR}{dt} = \frac{d(PQ)}{dt} < 0

or

⇒ P\frac{dP}{dt}+Q\frac{dQ}{dt} < 0

or

⇒ 70\times\frac{dP}{dt}+35,000\times4 < 0

or

⇒ 70\times\frac{dP}{dt} < - 140,000

or

\frac{dP}{dt} < - 2,000

Hence,

the fastest we could drop your price before your monthly revenue starts to drop is $2,000

7 0
1 year ago
Other questions:
  • At the end of its first year of operations, shapiro's consulting services reported net income of $27,000. they also had account
    12·1 answer
  • A person who is currently unemployed is probably in which level of Maslow's Hierarchy?
    8·2 answers
  • Builder Monty must secure a loan with mortgages on five different lots. What type of loan will he need?
    11·2 answers
  • Creamy Crisps Worksheet Student: ___________________________________________________________________________  The following is c
    15·1 answer
  • On November 15, Paulson Painting received a $6,000 cash payment from Apex Inc. in exchange for painting services to be provided
    7·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    15·1 answer
  • Magnus Tech owns 30% of Mirika Inc. and accounts for the investment using the equity method. During the year, Mirika reports a n
    5·1 answer
  • Blue Ridge Bicycles uses a standard part in the manufacture of several of its bikes. The cost of producing​ 45,000 parts is​ $14
    8·1 answer
  • A homeowner has a mortgage balance of $149,570.75. If the interest rate on the loan is 9.5% and the monthly payment is $1,303.55
    10·1 answer
  • A growing number of utility companies are using drones for site inspections. What is the effect of these changes on the equilibr
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!