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Sidana [21]
3 years ago
7

Jc manufacturing purchased inventory for $5,300 and paid a $260 freight bill. jc manufacturing returned 45% of the goods to the

seller and later took a 2% purchase discount. what is jc manufacturing's final cost of the inventory that it kept? (round your answer to the nearest whole number.)
a. $2,997
b. $2,337
c. $3,117
d. $2,857
Business
1 answer:
Marat540 [252]3 years ago
7 0
I think b.$2,337 but i could be wrong 
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Answer:

The correct answer is option A) Statement of Concepts

Explanation:

The Financial Accounting and Standard Board (FASB) pronouncements intended to establish the objectives and concepts that the FASB will use in developing standards of financial accounting and reporting is Statement of Concepts.

Statement of Concepts is intended to serve the general interest of the public by setting the objectives, characteristics, specific qualities, and other parameters that guide selection of economic concepts that will be recognized and reflected in financial statements for financial reporting.

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3 years ago
Steak Company acquired a building valued at $170,000 for property tax purposes in exchange for 10,000 shares of its $5 par commo
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Answer:

$160,000

Explanation:

Data provided in the question:

Value of the building acquired = $170,000

Number of shares exchanged = 10,000

Selling price of the stocks = $16 per share

Now,

The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.

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3 years ago
Snyder, Inc. manufactures three types of golf balls; the Worm-burner, the Escalator, and the Slice. Over the past year, variable
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7 0
4 years ago
Read 2 more answers
Kimberli manages employees at Mountaintop Ski Resorts. She has noticed that one of her employees submits via the computer system
serious [3.7K]

Answer:

bureaucratic

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Bureaucratic control is not really efficient when the employees are finding ways to stay out of trouble by using tactics that are within the rules.

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Hope this helps!

8 0
3 years ago
Applying Overhead to Jobs, Costing Jobs Jagjit Company designs and builds retaining walls for individual customers. On August 1,
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Answer:

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1. Labor Hours                     120            300             145              50

2. Overhead applied rate   $906         $2,400       $1,160         $400

Explanation:

Labor rate per hour = $18

Labor hours = Total Labor cost / rate per hour

Job 93 = $2,160 / $18 = 120 hours

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Overhead applied rate = Labor Hours x overhead applied rate

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4 years ago
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