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bulgar [2K]
3 years ago
12

On November​ 30, Janoch's Dog Kennel purchased $ 600 of merchandise on account from the Ganster Company. The goods were shipped

F.O.B. shipping point. The freight charge of $ 100 was paid by Ganster Company and added to the invoice. The amount to record in the Purchases account​ is:
Business
1 answer:
valentinak56 [21]3 years ago
3 0

Answer:

$700

Explanation:

The journal entry to record the purchase should be:

November 30, Merchandise purchased from Ganster Company

  • Dr Merchandise Inventory account 700
  • Cr Cash account 700

Since the freight charge was added to the invoice, then the total invoice will = $600 + $100 = $700

When a company purchases FOB shipping point, the title of the goods passes at the seller's shipping dock. Therefore the merchandise inventory must increase once the goods have left the seller's shipping dock.

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Stellan Manufacturing is considering the following two investment​ proposals: Proposal X Proposal Y Investment $ 720 comma 000 $
vichka [17]

Answer:

Present value of future cash inflows of Project Y = $110,000 X 3.240 = $356,400

Explanation:

Provided cost of Proposal Y = $512,000

Residual Value = $0

Depreciation will not be considered as we need to consider the present value of future cash flows, depreciation does not involve any cash flow.

Useful life = 4 years

Estimated cash inflow per year = $110,000

Discount rate = 9%

Present Value of an Ordinary Annuity = 3.240 @ 9% for 4 years

Thus present value of future cash inflows = $110,000 X 3.240 = $356,400

Note: Net Present Value = Present Value of Cash Inflows - Present Value of  Cash Outflow = $356,400 - $512,000 = -$155,600

Final Answer

Present value of future cash inflows of Project Y = $110,000 X 3.240 = $356,400

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3 years ago
Joe is a pizza delivery worker. the pizza shop he works for has a 30 minutes or less delivery guarantee or else the customer doe
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If redbox is successful at attracting customers to a location, then mcdonald's could possibly realize
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3 years ago
Which of the following lists only the factors that would cause a decrease in the supply of an item? A. A fall in input prices; a
Brut [27]

Answer: d) a rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production.

Explanation:

Supply simply has to do with the amount of goods that a particular producer is willing to sell to economic agents at a particular price and at a given time.

It should be noted that rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production would cause a reduction in supply of goods and services.

This is because when the number of sellers reduce, the supply will also reduce as there are lesser people supplying the goods. Also, when the prices of input increases, it affects cost and supply reduces.

Therefore, the correct option is D.

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2 years ago
ayton Inc. reports in its Year 7 annual report, sales of $7,362 million and cost of goods sold of $2,945 million. For next year,
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Answer: $2,974.45 million

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