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
MAVERICK [17]
3 years ago
7

Company made total purchases of $ 250 comma 000 in the most current year. It paid freight in of $ 4 comma 000 on its purchases.

Freight​ out, the cost to deliver the merchandise when it was sold to Trift​'s ​customers, totaled $ 7 comma 200. Of the total purchases Trift made during the​ period, it returned $ 24 comma 000 of the merchandise. Trift took advantage of $ 2 comma 500 of purchase discounts offered by its vendors. What was Trift​'s cost of​ inventory?
Business
1 answer:
Romashka [77]3 years ago
6 0

Answer:

$ 227,500

Explanation:

given,                                          

total purchase in current year =  $ 250,000

Paid freight = $ 4,000                    

cost to deliver = $7,200                      

returned made = $ 24,000                          

Trift took advantage = $ 2,500                            

inventory = ?                                                          

inventory cost = purchases + freight inward - return stock - discount

                         = $ 250,000 + $ 4,000 - $ 24,000 - $ 2,500

                         = $ 227,500

the Trift's cost of inventory is equal to  $ 227,500

You might be interested in
In January, Hometown Ice Cream Shoppe reported the following balances in their income statement accounts. Based on this informat
Gekata [30.6K]

Answer:

A) Debit of $1,445

Explanation:

Closing entries refers to the balance statements that are entered at the end of an accounting period in order to transfer the temporary account balances into permanent accounts. Based on the balances listed in the question it can be said that the closing entry to retained earnings will be Debit of $1,445. This refers to money going out of the account and can be calculated by adding all the revenue to the account and subtracting the expenses leaving $ - 1,445 thus being debit.

7 0
3 years ago
Accrediting organizations expect hospitals to implement practices to prevent healthcare-associated infections (HAI). One importa
Natalka [10]

Answer: proper hand hygiene

Explanation:

8 0
3 years ago
Teams and groups tend to have very rigid rules and consequences. True or false
mr Goodwill [35]
That statement is true

A team or a group usually formed based on one similar goals or point of views among the members and a lot of them set up a couple of rules to be imposed among their members to prove that they're committed to the group and its cause.
8 0
3 years ago
Read 2 more answers
What effect do challenging team goals have on social loafing?
dmitriy555 [2]
I think it’s C but I’m not quite sure about that
6 0
2 years ago
In the model of mass-mediated communication, the: Select one: producers of the message control the reception of the content prod
taurus [48]
<h3 />

How information is conveyed is important,  mass-mediated communication allows information to reach a wide range of people.

<h3>What mass-mediated communication?</h3>

It is a communication method that involves sending messages through a medium either internet or television to a receiver (audience)  to produce some effect.

The communicator of the message controls the interpretation of the content to the receiver.

Therefore, in mass-mediated communication content producers of the message control the interpretation of the content

Learn more on mass communication here,

brainly.com/question/18363250

4 0
1 year ago
Other questions:
  • Patsy, a registered nurse, has decided to start a home healthcare service to assist with the medical, meal preparation, and ligh
    13·2 answers
  • Bank A has an increase in deposits of $20 million dollars and all bank reserve requirements are 10%. Bank A loans out the full a
    12·1 answer
  • The minimum level of education required for a roofer is: Master’s degree Bachelor’s degree Associates degree No formal education
    6·2 answers
  • If real gdp per capita in the united states is $8,000, what will real gdp per capita in the united states be after 5 years if re
    11·2 answers
  • DWK Foods has developed a line of cookies and candies sweetened exclusively with organic honey. Although DWK is selling some of
    12·1 answer
  • In two or more complete sentences, compare and contrast the 401(k) and the 403(b) savings plans.
    5·2 answers
  • "Tom's Tool Factory is an investment center and is responsible for all of its net income and the use of its assets. This year, t
    13·1 answer
  • You are meeting to discuss the proper categorization of marketing strategy costs in the monthly department budget performance re
    11·1 answer
  • 45.18
    7·1 answer
  • Girlcome 5324611502 <br>p:1234​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!