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zysi [14]
2 years ago
11

Maya Company reports the following amounts for the year ending on December 31, 2004:Merchandise Inventory, January 1, 2004 : $70

,000 Cost of Transportation : $2,300Invoice Cost of Merchandise Purchases : $195,000 Purchase Returns and Allowances: $4,650Purchase Discounts Received: $3,500 Cost of Goods Sold: $158,700Cost of merchandise returned by customers and restored to inventory: $17,300Calculate the Merchandise Inventory, December 31, 2004.A) $117,750B) $83,150C) $45,150D) $113,150E) $129,450
Business
1 answer:
Sveta_85 [38]2 years ago
8 0

Answer:

$117,750

Explanation:

Maya Company Merchandise Inventory for the year ended December 31 2004

Merchandise inventory at the beginning $70,000

Add: Cost of transportation 2,300

Merchandise Purchase 195,000

Less: Purchase return and allowances (4,650)

Discount on purchase (3,500)

Cost of goods sold (158,700)

Add: Merchandise return 17,300

Merchandise inventory $117,750

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The classified Balance Sheet will subsection the assets section as follows a. Current Assets and Property, Plant, and Equipment
anyanavicka [17]

Answer:

a. Current Assets and Property, Plant, and Equipment

Explanation:

These classify the assets and liabilities in the classified balance sheet into various types Including assets that are divided into Property, Plant, and Equipment, current assets.

Liabilities are similarly divided into current liabilities, long-term liabilities The accounting equation is used in any balance sheet that means

Total assets = Total liabilities + shareholder equity

7 0
2 years ago
The table below describes the total and marginal benefit elvis gets from fried peanut butter and banana sandwiches. elvis' fried
ycow [4]
I looked up the question, since this one is incomplete. I've attached an image of the correct chart. Elvis' marginal benefit of the fourth sandwich is his total benefit of eating 4 sandwich minus his total benefit from eating 3 sandwiches.

Looking at the chart, we see that this gives us 81-75 = 6. 

Therefore, the Marginal Benefit of a fourth sandwich is 6. 

6 0
3 years ago
Which of the following characteristics apply to taxable fringe benefits? (Check all that apply.)
EleoNora [17]

Answer:

Employers treat the taxable fringe benefits the same as cash compensation.

Explanation:

Taxable fringe benefits "are included in gross income and subject to federal withholding, social security, and Medicare taxes".

Fringe benefits are "perks and additions to normal compensation that companies give their employees, such as life insurance, tuition assistance, or employee discounts".

* The cost of the taxable fringe benefit is deductible to the employer, not the value of the benefit to the employee.

FALSE,  the taxable fringe benefit is not deductible from the employer.

* Employers treat the taxable fringe benefits the same as cash compensation.

TRUE, and as we can see on the definition above the taxable fringe benefits are treated as a compensation that comapnies giv their employees.

7 0
3 years ago
Riverbed Corp bought equipment on January 1, 2022. The equipment cost $460000 and had an expected salvage value of $65000. The l
balandron [24]

Answer:

Book value= $302,000

Explanation:

Giving the following information:

Purchase price= $460,000

Salvage value= $65,000

Useful life= 5 years

<u>First, we need to calculate the annual depreciation.</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (460,000 - 65,000) / 5

Annual depreciation= $79,000

<u>Now, the accumulated depreciation after 2 full years:</u>

Accumulated depreciation= 79,000*2= $158,000

<u>Finally, the book value:</u>

Book value= purchase price - accumulated depreciation

Book value= 460,000 - 158,000

Book value= $302,000

7 0
2 years ago
WILL MARK BEST ANSWER BRAINLIEST
Hoochie [10]

A professional email based on the given scenario would sound like the following:

<em>To: Assistant</em>

<em>From: Manager</em>

<em>Subject: Flight and Hotel Booking for Chicago</em>

<em>Date: January 28, 2022</em>

<em />

<em>Hi,</em>

<em />

<em>Please book my flight and hotel reservations for the upcoming conference in Chicago from February 7, 8:00 am to February 11, 2022 (5:00 pm).</em>

<em />

<em>Do not forget the company's favorite airline and hotel for the bookings.</em>

<em />

<em>Regards,</em>

<em />

<em>Tony</em>

Thus, while the email sounds professional, it may be more conversational than formal since it is a workplace request.

Learn more about writing workplace emails to subordinates at brainly.com/question/14236855

6 0
2 years ago
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