Answer:
What is the final cost of the merchandise inventory for Jones Manufacturing from this purchase?
$8340
Explanation:
Purchased_________________________ 10000
Freigth Bill_________________________ 500
Credir terms________________________ 2/10 n/30
Returned __________________________ 2000
Purchase____________________________ 10000
Return____________________________ 2000
Net inventory 8000
Discount %_________________________ 2%
Discount ___________________________ 160
Net inventory_______________________ 7840
Freigth Bill_________________________ 500
Final cost__________________________ 8340
My guess is the type of customer, Being able to help them according to what they are interested in and going beyond that to a purchase.
Answer:
50 days
Explanation:
THE average collection period for Year 2 is closest to 50 days
Year 2:
cost of goods sold = $730
opening inventory = $110
closing inventory = $90 therefore total inventory = 110 + 90 = $200
Average inventory = $100
to calculate inventory turnover ratio = cost of goods sold / average inventory
= 730 / 100 = 7.30
The average collection period = 365 days / inventory turnover ratio
= 365/7.30 = 50 days
Answer and Explanation:
The journal entries are shown below:
1
Vacation Benefit Expense $13,000
To Vacation Benefit Payable $13,000
(Being vacation benefit expense is recorded)
2
Warranty Expense $18,000
To Estimated Warranty Liability $18,000
($12,000 × 10 % × $15) = $18,000
(Being warranty expense is recorded)
These two entries need to be passed
In the PMBOK, the logical groupings of the five project management processes to achieve specific project objectives are called the: project management process groups.
<h3>What are the Project Management Process Groups?</h3>
The project management process groups consist of five groupings known as initiating, planning, executing, monitoring, and closing.
The initiating stage is the stage where the basics of the project are thought out. The planning stage entails structuring the project.
After this, the plan is executed, monitored for progress, and finally closed.
Learn more about the Project Management Process Groups here:
brainly.com/question/8603302
