Business, 08.10.2019 20:10 CelesteN64
Jones manufacturing purchased $10,000 of merchandise inventory on account from a vendor and paid a $500 freight bill. the credit terms are 2/10 or n/30. because some of the merchandise was not needed, jones manufacturing returned $2,000 the same day. jones manufacturing uses the perpetual inventory system and made payment for the merchandise, less the return, within the discount period.
what is the final cost of the merchandise inventory for jones manufacturing from this purchase? a. $8,000b. $8,340c. $7,840d. $10,094
Answers: 1
Business, 22.06.2019 10:10
conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?
Answers: 2
Business, 22.06.2019 17:50
On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?
Answers: 2
Business, 22.06.2019 21:00
Describe what fixed costs and marginal costs mean to a company.
Answers: 1
Business, 22.06.2019 21:40
Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.
Answers: 2
Jones manufacturing purchased $10,000 of merchandise inventory on account from a vendor and paid a $...
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