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Dennis_Churaev [7]
3 years ago
11

Bramble Corp. on July 15 sells merchandise on account to Sheridan Company for $4000, terms 3/10, n/30. On July 20 Sheridan Compa

ny returns merchandise worth $1600 to Bramble Corp.. On July 24 payment is received from Sheridan Company for the balance due. What is the amount of cash received?
A. $2280
B. $2328
C. $4000
D. $2400
Business
1 answer:
Vaselesa [24]3 years ago
4 0

Answer:

Amount of cash flow will be $2328

So option (B) will be the correct answer

Explanation:

We have given total merchandise = $4000

And return merchandise = $1600

Here \frac{3}{10} means if Sheridan Company makes the payment within 10 days then he will get discount of 3 % as in the question he makes the payment within 10 days so he will will get 3 % discount

Now amount of cash received = total merchandise - return merchandise

= $4000 - $1600 = $2400

Now discount is 3 %

So after discount amount received =2400-2400\times 0.03=2400-72=$2328

So option (B) will be the correct answer

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Lucas Co. has a job-order cost system. For the month of April, the following debits (credits) appeared in the general ledger acc
aliya0001 [1]

Answer:

direct material charge = $8500

Explanation:

given data

April 1 balance = $24000

April 30 Direct materials = 80000

April 30 Direct labor = 60000

April 30 Factory overhead = 54000

April 30 finished goods =  200000

so balance is = finished goods - ( balance + Direct materials + Direct labor + Factory overhead )

put here value

balance =  200000 - ( 24000 + 80000 + 60000 + 54000 )

balance = 18000

so here balance above $18000 is total manufacture cost of job no 100

so direct material charge for job no 100 is

direct material charge =  manufacturing cost - applied cost - direct labour cost

direct material charge = 18000 - 4500 - 5000

direct material charge = $8500

5 0
3 years ago
When is it permissible to access nonâ€""va websites for personal use using va computers?
sergiy2304 [10]

It is permissible to access non-VA websites for personal use through VA computers during break time or after duty hours for a short time.

<h3>What is a non-VA website?</h3>

A non-VA website simply refers to a type of website that isn't approved for continuous use by the Veterans Health Administration (VA), especially during work hours.

This ultimately implies that, it is only permissible to access non-VA websites for personal use through VA computers during break time or after duty hours for a short time.

Read more on non-VA websites here: brainly.com/question/944026

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When is it permissible to access non-VA websites for personal use using VA computers?

4 0
2 years ago
Read 2 more answers
Gerard Company reported sales of $300,000 for 201 0; $330,000 for 2011; and $360,000 for 2012. If the company uses 2010 as the b
nevsk [136]

Answer:

%variation 2011= 10%

%variation 2012= 20%

Explanation:

Giving the following information:

Gerard Company reported sales of $300,000 for 2010; $330,000 for 2011; and $360,000 for 2012.

The percentual variation is calculated by the following formula:

%variation(2010 year base)= [(sales 1 - sales 0)/sales 0]*100

%variation 2011= [(330,000 - 300,000)/300,000]*100= 10%

%variation 2012= [(360,000 - 300,000)/300,000]*100= 20%

5 0
3 years ago
What are some possible reasons Waymo entered an alliance with Lyft? Are there any reasons Waymo would prefer Lyft over Uber as a
cricket20 [7]

Answer:

(1) To gain dominance in the Autonomous driving Technology.

(2) To utilize the vast network of drivers of Lyft to enhance the use of its technology

(3) To strategically place itself to compete favourably with other Autonomous driving Technology firms.

(4) To enhance its performance and profitability.

PART B

Lyft has a better transparent and user friendly application generally people trust their app in terms of pricing and trip duration.

LYFT HAS A BETTER REPUTATION THAN UBER WHICH HAS BEEN INVOLVED IN SERIES OF SCAMS IN 2017.

Explanation:

Waymo is a sister company to Google owned by alphabet inc., It is an autonomous driving Technology company with a state of the art Technology in the self driving cars.

Lyft is an American company which is involved in car lift,car hailing, car sharing etc services in major cities of the United States of America, it has developed a vast network of drivers and routes through out the United States.

The alliance between Waymo and Lyft was mainly to help both entities leverage on the competence of each party for the greater good of Both Companies.

4 0
3 years ago
Your business has two branch stores. The recent physical inventory reports that the merchandise value for each store is: Store A
miv72 [106K]

Answer: Shrinkage for Store A ($40,890), Store B ($28,370)

Given:

Merchandise Value of Stores A and B

<span>A1 $454,385, and  B1 $586,855</span>

Book Value of Stores

<span>A2 $495,275, and  B2 $615,225</span>

Shrinkage<span> refers to the loss of inventory from whatever source.   </span>

Shrinkage for each store is computed as:

Book Value – Merchandise Value

Shrinkage for Store A

A2-A1

495,275-454,385

$40,890

 

Shrinkage for Store B

B2-B1

615,225-586,855

<span>$28,370</span>

6 0
3 years ago
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