Answer:
$259.35
Explanation:
The computation of the amount of cash paid is shown below:
= (Purchase value of merchandise - returned goods of merchandise - discount charges)
= ($9,100 - $455 - $259.35)
= $8,385.65
The discount charges is
= (Purchase value of merchandise - returned goods of merchandise) × discount rate
= ($9,100 - $455) × 3%
= $259.35
We simply applied the above formula
Answer:
$200,000
Explanation:
The work in process process inventory had an increase by $20,000 during the year
The cost of goods that were manufactured is $180,000
Therefore the total manufacturing costs incurred can be calculated as follows
= cost of goods sold that was sold + work in process inventory increase
= $180,000 + $20,000
= $200,000
Hence the total manufacturing costs that was incurred is $200,000
Answer:
co-borrowers
Explanation:
They are joint borrowers that are sharing and have to repay a debt together.
