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zheka24 [161]
3 years ago
15

On September 12, Vander Company sold merchandise in the amount of $4,600 to Jepson Company, with credit terms of 2/10, n/30. The

cost of the items sold is $3,175. Vander uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the merchandise. The selling price of the merchandise is $400 and the cost of the merchandise returned is $280. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Vander makes on September 18 is:
Business
1 answer:
Hitman42 [59]3 years ago
4 0

Answer:

Dr Cash 4,116

Dr Sales discounts 84

Cr Accounts receivable 4,200

Explanation:

Vander Company Journal entry

Dr Cash 4,116

(4,200-82)

Dr Sales discounts 84

Cr Accounts receivable 4,200

Calculation of Sales discounts

4,200*2%

=84

Merchandise

(4,600-400)

=4,200

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Which of these is not a cost of quality?
ollegr [7]

The correct option is (c). Design cost  is not a cost of quality.

Design-to-Cost (DTC), one of several cost management strategies, denotes a methodical strategy for limiting the expenses associated with product development and manufacture. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.

As a component of cost management strategies, design-to-cost refers to a methodical strategy for reducing the costs associated with product development and manufacturing. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.

Learn more about design-to-cost here

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8 0
2 years ago
2019: Ending inventory was overstated by $30,000 while depreciation expense was overstated by $24,000. 2020: Ending inventory wa
KIM [24]

Answer:

$25,000

Explanation:

The computation of the adjusted balance of retained earning is shown below:

Since the depreciation expense is overstated on 2019 which decreased the earnings so it would be added

Since the  depreciation expense is understated on 2020 which increased the earnings so it would be deducted

And, the ending inventory for 2020 is understated which decreased the earning so it would be added

Therefore, the adjusted balance is

= $24,000 - $4,000 + $5,000

= $25,000

3 0
3 years ago
What motivates people to comparison shop?
mestny [16]
D)the desire to get the most for their money.
6 0
3 years ago
Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation
Sholpan [36]

Answer:

a. $11,760. 

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost of asset = $60,000 + $8,000 + $2,800 = $70,800

($78,800 - $12,000) / 5 = $11,760. 

I hope my answer helps you

6 0
3 years ago
Your retirement account has a current balance of $50,000. You plan to add $6,000 a year to the account for each of the next 30 y
enot [183]

Answer:

21.45%

Explanation:

Remaining amount to have $1,000,000 = $1,000,000 - $50,000 = $950,000

Using the interest rate function RATE(nper,pmt,pv,fv) in the excel, we obtain an interest rate of 21.45%

Where,

nper = number of period = 30

pmt = annual payment

pv = present value which has a default value of 0.

fv = future value = $950,000

Note: Find attached the excel sheet to see result.

Download xlsx
4 0
3 years ago
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