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Kitty [74]
3 years ago
15

Stan’s Market uses a perpetual inventory system to record the following events involving a recent purchase of inventory: i. On J

une 1, purchased merchandise for $90,000, terms 2/10, n/30. ii. On June 3, paid freight costs of $450 on merchandise purchased. iii. On June 6, returned $1,800 of merchandise to the supplier. iv. On June 9, paid the amount due to the supplier. As a result of these events, Stan's Market Company's inventory Group of answer choicesA) increased by $114660.
B) increased by $117400.
C) increased by $115052.
D) increased by $115060.
Business
1 answer:
vredina [299]3 years ago
6 0
B increase by $117400
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Straight rebuy

Explanation:

When a purchasing agent performs a straight rebuy, he/she is in a situation where the same products or services are bought over and over again on a relatively steady basis.

The products and services purchased are also simple and common products or services, nothing very complex or specialized that requires looking for new information or investigating who the best vendor might be.

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Bank reconciliations are normally prepared on a monthly basis to identify adjustments needed in the depositor's records and to i
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B.

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3 years ago
Family Farms Inc., a company which deals in dairy products, adheres to a standard of behavior for its employees, and it follows
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Answer:

The right response is "Business ethics".

Explanation:

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5 0
2 years ago
Sheaves, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000.
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Answer:

$21,767.50

Explanation:

<u>Computation table:</u>

<u>Particular                      Amount</u>

Sales                             $50,000

Less: Costs                   $23,000

<u>Less: Depreciation       $2,250</u>

<u>EBIT                              $24,750</u>

<u>Less: Interest               $2,000. </u>

<u>EBT                              $22,750</u>

<u>Less: Tax (23%)           $5,232.50 </u>

<u>Net Income              $17,517.50</u>

$24,750 + 2,250 -5,232.50

$21,767.50

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