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3 years ago

Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:

Business

1 answer:

kari74 [83]3 years ago

4 0

Answer:

Correct answer is $4,000

Explanation:

During the purchase on April 2, Icon Co. should recognize the gross amount of $4,000 purchases. Unless it is clearly stated in the problem that Icon Co. uses net method in recording discounts, said discount will be recognized and recorded upon payment of the purchases that falls into the discounted period of contract. Purchase returns will be recognized on the day the company made it.

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The difference between a merger and an acquisition is that:______________.

malfutka [58]

Answer: A merger involves one company purchasing the assets of another company with cash, whereas an acquisition involves a company acquiring another company by buying all of the shares of its common stock.

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3 years ago

If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about s

lara [203]

If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about showing people your cool vampire costume, the Peter Drucker's questions are you answering is (3) What does your customer value?

Explanation:

The five questions given by Peter Drucker are:

1. What is your mission?

2. Who is your customer?

3. What does your customer value?

4. What results do you seek?

5. What is your plan?

As stated in the question

"If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about showing people your cool vampire costume"

<u>The question that we are answering through the above statement is question 3.(i.e. What does your customer value?)</u>

7 0

3 years ago

A gift shop sells 1000 boxes of scented candles a year. The ordering cost is $50 for scented candles, and holding cost is $10 pe

sattari [20]

Answer:

d. $1000

Explanation:

Annual demand, D = 1000 boxes

Ordering cost, Co = $50

Holding cost = $10 per box per year

Economic Order Quantity (EOQ) is calculated as;

EOQ = SQRT [(2 x D x Co) / H]

where,

D = Annual demand

Co = Ordering cost

H = Holding cost

Putting the given values in the above formula, we get;

EOQ = SQRT [(2 x 1000 x 50) / 10]

EOQ = 100 boxes

Total ordering cost is calculated as;

Total ordering cost = D/EOQ x Co

Total ordering cost = (1000/100) x 50

Total ordering cost = $500

Total holding cost is calculated as;

Total holding cost = EOQ/2 x H

Total holding cost = (100/2) x 10 0

Total holding cost = $500

The minimum annual amount of these combined costs the gift shop could pay is;

Minimum annual amount = Total ordering cost + Total holding cost

= $500 + $500

= $1,000

Therefore, The minimum annual amount of these combined costs the gift shop could pay is $1,000.

7 0

3 years ago

The stock in Up-Towne Movers is selling for $48.20 per share. Investors have a required return of 11.2 percent and expect the di

Keith_Richards [23]

Answer:

The dividend the company just paid is $3.53

Explanation:

The solution to the problem is given as follows.

$48.20 = D1/(.1120 − .0360)

$48.20= D1(0.076)

Making D1 the subject of formula we have.

D1 = $3.66

D0 = $3.66/(1 + .0360)

D0 = $3.53

6 0

3 years ago

Read 2 more answers

Alexis want to buy a house in 5 years. She wants to save $75,000 over the next five years for a down payment. If she can earn an

kotegsom [21]

Answer:

the monthly payment is $994.38

Explanation:

For computing the deposit amount made in equal payment for the next five years we need to apply the PMT formula i.e. to be shown in the attachment below:

Given that,

Present value = $0

Future value or Face value = $75,000

RATE = 9% ÷ 12 = 0.75%

NPER = 5 years × 12 = 60 years

The formula is shown below:

= PMT(RATE;NPER;PV;-FV;type)

The future value come in negative

So, after applying the above formula, the monthly payment is $994.38

5 0

4 years ago