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zimovet [89]
2 years ago
15

oronado Company has the following account balances: Purchases $95600 Sales Returns and Allowances 12600 Purchase Discounts 8300

Freight-In 5300 Delivery Expense 9000 The cost of goods purchased for the period is
Business
1 answer:
Vladimir79 [104]2 years ago
3 0

The cost of goods purchased for the period is $90,000 having the required account balances .

<h3>Account balances </h3>

An account balance is the amount of money present in a financial repository, such as a savings or checking account, at any given moment. The account balance is always the net amount after factoring in all debits and credits. An account balance that falls below zero represents a net debt—for example, when there is an overdraft on a checking account. For financial accounts that have recurring bills, such as an electric bill or a mortgage, an account balance may also reflect an amount owed.

Learn more about account balance here :

brainly.com/question/23271078

#SPJ4

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Inflation is a sustained rise in the general level of prices of goods and services.
Anastasy [175]

Answer:

The answer is True

Explanation:

Inflation refers to the sustained or considerable rise in the general price level of goods and services over a period of time

Hope this helps!

7 0
3 years ago
Read 2 more answers
In a transaction that qualifies under Section 351, Buster transfers an asset with a basis of $50,000 and a fair market value of
AVprozaik [17]

Answer:

$0

Explanation:

The basis for a Section 351 transfer = fair market value of the property - assumed liabilities = $80,000 - $75,000 = $5,000

Since Buster controls Bronco Corporation (he owns 100%) and he exchanged the property for common stock, no gain or loss should be recognized, neither by Buster or the corporation. All that must be recognized is the new basis for the asset ($5,000).

4 0
3 years ago
Read 2 more answers
Which statement is an example of outsourcing?
goblinko [34]

The statements, which are examples of outsourcing, are, A company hires a local manufacturer to build its products, a company hires international workers for its customer service call center; and a company hires a marketing firm for branding. Therefore, option A is the correct option; that is, all these statements are true.

<h3>What is outsourcing?</h3>

Outsourcing is a kind of agreement that takes place between two or more organizations. It takes place generally in order to delegate the work of the organization to other organizations that provide such services to bigger organizations.

Outsourcing is one of the major economic activities in developing and underdeveloped countries, which provides work for companies in developed countries.

Since all of these statements are true, option A is the best choice.

Learn more about outsourcing here:

brainly.com/question/14202035

#SPJ1

8 0
1 year ago
TRUE or FALSE: A credit card company can't charge you a higher interest rate just because you're a college student and have no c
Korvikt [17]

Answer: False

Explanation:

Even if you have a reliable income but you have no credit history, you will be seen as a something of a risk because you don’t yet have a track record.

Therefore a credit card company will charge higher interest rate due to the potential risk because of lack of track record .

5 0
3 years ago
Sunland Company can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution margi
mars1129 [50]

Answer: Plain should be sold as it makes higher Contribution margin.

Explanation:

Contribution Margin of Plain:

= Total hours constraint / Number of hours required for Plain * Contribution margin per unit

= 2,400 / 2 * 82

= $98,400

Contribution Margin of Fancy:

= 2,400 / 3 * 99

= $79,200

<em>Plain makes more profit than Fancy and so should be the one sold. </em>

5 0
3 years ago
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