1answer.
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
Agata [3.3K]
1 year ago
6

McCallister's just purchased $16,500 worth of inventory. The terms of the sale were 1/15, net 45. What is the implicit interest?

Business
1 answer:
Greeley [361]1 year ago
3 0

The implicit interest based on the information given is $165.

<h3>How to calculate the interest?</h3>

It should be noted that the implicit interest is calculated as:

= Inventory worth × Discount rate

= $16500 × 1%

= $165

Therefore, the implicit interest based on the information given is $165.

Learn more about interest on:

brainly.com/question/24080432

#SPJ1

You might be interested in
How is profit determined?
Nikitich [7]
C. Total revenue minus total cost
3 0
3 years ago
An advantage of the _____ costing method is that the cost of goods sold approximates its current cost.
Komok [63]

Answer:

weighted average

Explanation:

An advantage of the weighted average costing method is that the cost of goods sold approximates its current cost. This is mainly due to the fact that the cost of each unit is made equal to the same cost of all units that are currently available for sale during that extended period of business. Therefore approximating its total current cost.

8 0
2 years ago
The following information is provided by Adametz​ Company: WIP​ Inventory, January 1 0 units Units started 7 comma 600 Units com
nikklg [1K]

Answer:

The equivalent units for conversion​ costs= 6,912 units

Explanation:

<em>The weighted average method of valuation would be used to determine the the equivalent units for conversion​ costs</em>

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked. </em>

Equivalent unit = Degree of completion × Units of inventory

<em>Items                                       units                                    Equivalent unit</em>

Completed   unit                     3,300       3,300× 100 =       3.300

Closing work in progress       4,300        4,300×  84%=      <u>3,612 </u>

Total equivalent units                                                           <u>6,912 </u>

The equivalent units for conversion​ costs= 6,912 units

7 0
3 years ago
On October 1, 20X4, Shaw Corp. purchased a machine for $126,000 that was placed in service on November 30, 20X4. Shaw incurred a
balu736 [363]

Answer:

$138,000

Explanation:

The computation of the machine cost that would be reported is shown below:

= Purchase value of machine + shipping cost + installation cost + testing cost

= $126,000 + $3,000 + $4,000 + $5,000

= $138,000

At the time of reporting the machine cost, we have to consider all the cost that is related to the machine. Therefore, all the given cost is considered.

4 0
2 years ago
Miller Inc. Is a large corporation preparing to acquire GrowIt, a start-up business. Miller has many policies and procedures bas
deff fn [24]

Answer:

by identifying the differences and developing employee's skills in conflict resolution

Explanation:

Human Resource Management is the key area for success of any organization. This is basically because managing any office is easy with good personnel employed.

Thus, training in employees on the Human Resource level, might help in overcoming any kind of conflict faced by such employees, of each of the companies.

HR personnel are responsible for satisfaction among employees, for this they have to agree on certain policies of giving compensation, appraisals and rewards. Thus, both the companies HR personnel shall involve themselves in developing the skills in employees for resolution of conflict.

7 0
2 years ago
Other questions:
  • Big John’s manufacturing currently produces its lead product on a machine that has a variable cost of 0.32 per unit and a fixed
    12·1 answer
  • Under the liquidated damages clause in the Contract To Buy and Sell Real Estate, if the buyer defaults the seller has what optio
    5·1 answer
  • 1. What is one of the things the Federal Reserve System does? (1 point)
    5·1 answer
  • Carolyn has an AGI of $38,000 (all from earned income), two qualifying children, and is filing as a head of household. What amou
    14·1 answer
  • How can technology interfere with good study habits? Students can use technology to search for answers to challenging questions.
    14·1 answer
  • During July, Laesch Company, which uses a perpetual inventory system, sold 1,430 units from its LIFO-based inventory, which had
    10·1 answer
  • Rent collected in advance is: Multiple Choice A shareholders' equity account in the balance sheet. A temporary account, not in t
    10·1 answer
  • Which of the following is chracterstics of flow manufacturing​
    12·1 answer
  • Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units
    14·1 answer
  • Income which accrue or arise outside india and also received outside india is taxable in case of.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!