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3 years ago

Can someone please help me

Business

1 answer:

Fittoniya [83]3 years ago

4 0

Answer: The answer would be $536.73

Explanation: Add up all the deduction amounts which will equal to 198.51, take away that amount from the 735.24 he earned and it will give you your answer of $536.73.

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On October 5, Narveson Company buys merchandise on account from Rossi Company. The selling price of the goods is $6,380, and the

lubasha [3.4K]

Explanation:

The journal entries are as follows

On the books of Narveson Company

On October 5

Merchandise Inventory A/c $6,380

To Accounts payable A/c $6,380

(Being inventory purchased on credit)

On October 8

Accounts payable A/c Dr $740

To Merchandise Inventory A/c $740

On the books of Rossi Company

On October 5

Account receivable A/c Dr $6,380

To Sales $6,380

(Being the goods are sold on credit)

Cost of goods sold A/c Dr $3,310

To Merchandise Inventory A/c $3,310

(Being goods are sold at cost)

On October 8

Sales return and allowance A/c Dr $740

To Accounts receivable $740

(Being sales return is recorded)

Merchandise Inventory A/c $410

To Cost of goods sold A/c Dr $410

(Being sales return is recorded)

7 0

3 years ago

Information from the records of the Abel Corporation for July 2018 was as follows:

artcher [175]

Answer:

a. $969,000

Explanation:

Calculation for what The total product cost is

TOTAL PRODUCT COST

Direct Material Used $264,000

Direct Labor $300,000

Factory Overhead $405,000

Total Product Cost $ 969,000

($264,000+$300,000+$405,000)

Therefore The total product cost is $ 969,000

7 0

3 years ago

Moral hazard occurs when:

satela [25.4K]

1) Moral hazard occurs when the individual does not tell the others all the risks associated with their actions, so the correct answer is:
D. an individual knows more about his or her actions than other people do.

for the second one:

the money lent will be x

so we have :

x+10%x=1000
(the money lent and the interest are 1000 together)

so: 110%x=1000

$\frac{110}{100} x=1000$

$\frac{11}{10} x=1000$
11x=1000
x=1000\11
x=909.09 - so they correct answer is A!

x=

3 0

3 years ago

Sylvester Co. takes out a 12% loan of $500,000 on 1/1/2014 to finance construction of a building for the company’s own use. Cons

IRINA_888 [86]

Answer:

2014 36,000

205: 24,000

Explanation:

500,000 x 12% = 60,000 construction realted per year

Capitalize:

timeline:

<--/--/--/--/--/--/--/--/--/--/--/--/-->

each month the company is doing an spending related to the construction. We must capitalize based on the amount investment.

The first month capitalize throught the whole year,

the second month 11 months

the third for 10 months and so on.

Therefore, the capitalize amount will be half of the cost of the year

2014: interest capitalized through the cost of construction

600,000/2 x 12% = 36,000

400,000/2 x 12% = 24,000

That's the maximum amount we can capitalize for construction.

7 0

3 years ago

GoodTimes, Inc. has asset turnover of 0.5 times, a net profit margin of 10% and average total assets of $100, what is its net in

adelina 88 [10]

Answer:

Explanation:

Given that,

Asset turnover ratio = 0.5 times

Net profit margin = 10 percent

Average total assets = $100

Asset turnover ratio = sales ÷ Total asset

0.5 = sales ÷ $100

sales = $50

Profit margin = Net income ÷ sales

0.10 = Net income ÷ $50

Net income = $5

Therefore, the net income of GoodTimes, Inc. is $5.

6 0

3 years ago