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drek231 [11]
4 years ago
12

Glenn Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is the net co

st of the goods if Glenn Company pays within the discount period? a. $8,100 b. $8,280 c. $8,820 d. $9,000
Business
1 answer:
Charra [1.4K]4 years ago
5 0

Answer:

The correct answer is B

Explanation:

The net cost of goods is computed as if the paid in the discounting period:

Net Cost of goods = Inventory cost - (Inventory cost × Discounting percentage)

where

Inventory cost is $9,000

Discounting percentage is 2%

Putting the values above:

Net Cost of goods = $9,000 - ($9,000 × 2%)

Net Cost of goods = $9,000 - $180

Net Cost of goods = $8,280

Therefore, the amount of $8,280 will be paid by the company if paid within the discounting period and avail the discount of $180.

You might be interested in
The balance sheet of ABC reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The r
zimovet [89]

Answer:

ABC net income for the year is $42,500

Explanation:

Beginning total assets = $400,000

Ending total assets = $450,000

Average total assets = Beginning total assets + Ending total assets ÷ 2

= ($400,000 + $450,000) ÷ 2

= $425,000

Return on assets = 10%

Therefore,

Net income ÷ Average total assets = Return on assets

Net income = Return on assets × Average total assets

Net income = 0.1 × Average total assets

= $425,000 × 0.1

= $42,500

7 0
3 years ago
Matt accepts a job offer as a chemical engineer in the R&D department of Tulip Inc., paint-manufacturing company. After acce
diamong [38]

Answer:

Option A    

Explanation:

In simple words, the innovative technology that Matt has invented is the intellectual property of the organisation he works for due to the clause of the agreement he has signed under their employment.

Matt is contract bound and therefore he has no legal remedy. However, he should be happy for his promotion and incremental package as the company has no need to do so for him whatsoever.

3 0
4 years ago
How does the tax rate of woolworths compare to other forms of property
nekit [7.7K]

For the quarter ending December 2021, Woolworths Group's tax rate was 27.15%. See other financial metrics below.

<h3>What is the significance of tax rate?</h3>

Taxation not only pays for public goods and services; it also plays an important role in the social compact that exists between citizens (corporate and individual) and the economy.

The manner in which taxes are collected and spent may define a government's very legitimacy.

When very big corporations such as Woolworth are involved, they are also evaluated on their commitment to tax payment.

<h3>What is the Asset Value of Woolworth Holdings  as at December 2021?</h3>

The Asset Value of Woolworth Holdings  as at December 2021 was valued at about 59 Billion Dollars. In the same year, it's net income was valued at about 4.2 Billion Dollars.

Her EBDITDA - Earnings before interest, taxes, depreciation, and amortization was computed to have grown by 11.59 Billion dollars.

Hence, this tells us that after satisfying it's corporate fiscal responsibility (tax payment), Woolworth remained profitable. To the tune of 4.2 billion dollars.

Learn more about Financial metrics:
brainly.com/question/9091091
#SPJ1

3 0
2 years ago
Anand is a manager who believes that he can force his subordinates to work extra hours through close supervision. He instills fe
Archy [21]

Answer:

Theory X Manager

Explanation:

Douglas McGregor presented this perspectives of human being named as Theory X (which is labeled as negative). McGregor after studying the manager's behavior and how they are dealing with their employees, came to the conclusion that the manager’s views of the nature of human beings are built on the particular assumptions taken from their behavior.

 

According to Theory X, managers tend to believe that not liking the work is present in employee nature and therefore it is necessary to direct or even force them to perform tasks and their required job.

 

To put it another way, theory X basically tries to put that all humans and particularly employees are lazy, and they don't want to work, they are required to pull and push for doing so.

7 0
3 years ago
Ursula is allowed to set her own schedules for playtime and for studying. In return, Ursula's mother insists that her daughter k
mr_godi [17]

Ursula's mom is most likely an authoritative parent.

Explanation:

Authoritative parenthood is a childhood style of strong sensitivity and heavy demands. Authoritative parents respond with high expectations to the children's emotional needs. They set boundaries and enforce borders very systematically.

Oppressive and oppressive parents are strict and want their children a lot. Conservative and moist dominant parents, yet conservative and cold oppressive parents.

Authoritative parents discuss their children's laws and explain them. Authoritarian parents require only one path contact.

3 0
3 years ago
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