Answer:
Q. Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?
February 2018 $90,000, March 2018 92,000, April 2018 101,000, May 2018 98,000, June 2018 99,500.
Answer) $440,775
Explanation:
Cash payments to be made in 2018 for the purchases given in question are:
Feb 2018 Mar 2018 Apr 2018 May 2018 June 2018
Cash Payments
65% of $90,000 58,500
30% of $90,000 27,000
5% of $90,000 4,500
65% of $92,000 59,800
30% of $92,000 27,600
5% of $92,000 4,600
65% of $101,000 65,650
30% of $101,000 30,300
5% of $101,000 5,050
65% of $98,000 63,700
30% of $98,000 29,400
65% of $99,500 64,675
Total $58,500 $86,800 $97,750 $98,600 $99,125
Total payments in 2018=$440,775
(58,500+86,800+97,750+98,600+99,125)
Answer:
When there is now demand for this type of labor
Explanation:
Hope this helps :))
Answer:
Discount = $420
Explanation:
Inventory purchased = $22000
Defective inventory = $ 1000
to find out
amount of the purchase discount that would be available to the company is
solution
we know Inventory purchased = $22000
and return is $1000
so Net Purchases = $22000 - $1000
Net Purchases = $21000
so
discount claim for $21000 is 2%
Discount = 2% of $21000
Discount = $420
<span>((Current value - original value) / original value) x 100 = rate of return
</span><span>(( 1.65402- 1.62) / 0.157) x 100 = Original Value
</span>Original Value = $ 21.66
<span>
</span>
Answer:
A. UPC
Explanation:
A UPC is an acronym for universal product code. UPC is typically used for the identification of a specific product and its manufacturer (vendor) through a unique code that is printed on the product.
Basically, a universal product code (UPC) comprises of two (2) main parts;
- A machine-readable barcode that contains sets of vertical black lines.
- A unique twelve (12) digit number placed beneath or adjacent to the machine-readable barcode.
The first six-digits of the UPC represents the manufacturer and is printed on all of its products while the next five-digits is the product's unique reference number (item number) and the last digit is typically known as a check digit, used for the verification of the authenticity of a UPC.
Generally, the universal product code are usually scanned with a barcode scanner and this makes it easier to identify a product, as well as its price.
<em>Hence, a universal product code (UPC) contains data that identifies a product. </em>
