Answer:
Betty Incorporated
Journal Entries:
June 3:
DR Inventory $7,100
CR Accounts Payable (North Inc.) $7,100
To record the purchase of goods on account with terms 2/10, n/30.
June 5:
DR Accounts Payable (North Inc.) $2,600
CR Inventory $2,600
To record the return of goods on account.
June 6:
DR Inventory $2,500
CR Accounts Payable (South Corp.) $2,500
To record the purchase of goods on account with terms 2/10, n/30.
June 11:
DR Accounts Payable (North Inc.) $4,500
CR Cash Account $4,410
CR Cash Discount $90
To record the payment of balance owed to North Inc.
June 22:
DR Accounts Payable (South Corp.) $2,500
CR Cash Account $2,500
To record the payment of balance owed to South Corp.
Explanation:
The trade terms 2/10, n/30 mean that both North Inc. and South Corp. offered 2% cash discounts on amount paid by Betty Incorporated if it could settle its bills within 10 days. The net allowed credit days are 30 days, after which Betty Incorporated could be charged interest for late payment. It did not utilize the discount offered by South Corp. as it paid its bills after 16 days instead of within 10 days as stated in the trade terms.
Answer:
Free cash for first year is $98.75
Explanation:
Sales = $250 million
Less: Costs = $125 million
Less: Depreciation = <u>$50 million</u>
Earning before Tax = $75 million
Less: Tax 35% (75 x 35%) = <u>$26.25 million</u>
Net Income = <u>$ 48.75 million</u>
Free cash flow = Net Income + Non cash Expenses - Increase in working capital - Capital Expenditure
Free cash flow = 48.75 million + 50 million - 0 - 0
Free cash flow = 98.75 million
<span>Human capital is the term that refers to the knowledge, education, training, skills, and expertise of a firm's workers.
</span>Gary Becker, an economist from the University of Chicago has popularized this term. <span> The human capital includes assets of individuals that can be used to create economic value for the individuals, their employers, or their community: </span>
Answer:
$240,000
Explanation:
Note: <em>Question is incomplete and the complete question is attached as picture below</em>
<em />
Particulars Amount
Total sales $1,300,000 ($800000+$500000)
Less: Total operating expenses <u>$900,000 </u> ($200000+$700000)
Income before tax $400,000
Less: Corporate tax <u>$160,000 </u> ($400,000*40%)
Net Income <u>$240,000</u>
Answer: Option D
Explanation: Mary Parker believed that management is the art of making people do things you want. To achieve this both senior and subordinates should work in collaboration.
In the given case, the employees in the organisation are starting cliques, that is they are not accepting the outsiders and are not communicating with them. Thus, if the employees develop an attitude that they are a community then they could collaborate with each other.
Hence from the above we can conclude that the correct option is D.
