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vladimir2022 [97]
3 years ago
15

sold inventory for $ 320 comma 000​, terms 3​/10, ​n/30. Cost of goods sold was $ 168 comma 000. How much sales revenue will Hai

r Hut report from the​ sale? ​(Assume the company records sales at the net​ amount.) A. $ 310 comma 400 B. $ 320 comma 000 C. $ 168 comma 000 D. $ 152 comma 000
Business
1 answer:
Novosadov [1.4K]3 years ago
4 0

Answer:

A. $ 310 comma 400

Explanation:

Terms of 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

According to given data

Sales = $320,000

Discount will not be recorded as expense so it should be deducted

Discount  = $320,000 x 3% = $9,600

Amount of Check = $320,000 - $9,600 = $310,400

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Answer:

1. 1,000 bushels of wheat

2.  d) A situation where one country does not engage in trade with other

Explanation:

1 & 2. Autarky refers to a situation where a country does not engage in trade with other countries but rather relies on its own production capacities to feed the consumption in the country.

Autarkies in the current world are not a thing because countries trade with each other. Even North Korea trades with Russia, China and others.

In an Autarky situation therefore, the United States would only be able to consume the wheat that it produces itself which according to the question is 1,000 bushels of wheat.

8 0
3 years ago
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An asset was purchased for $ 26 comma 000 on January​ 1, 2019. The​ asset's estimated useful life was five​ years, and its resid
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Answer:

Loss on disposal $1,800

Explanation:

Cost of Asset            26,000

Useful life               5years

Sale proceeds       19,000

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Written Down value(WDV)=$26,000-$5,200=$20,800

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It is assumed that depreciation is fully charged for the year on asset.                            

5 0
4 years ago
During January, the solar cell factory begins 57,000 solar cells, and completes 53,000 of them. The remaining 4,000 solar cells
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Answer:

"2000 units" is the right solution.

Explanation:

The given values are:

Transferred from WIP,

= 53,000 units

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Now,

The total number of finished goods will be:

= ( Beginning \Inventory + Transferred \ from \ WIP - Units \ Sold )

On substituting the values, we get

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3 years ago
The probability distribution is bell shaped and symmetrical
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