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Natasha_Volkova [10]
3 years ago
11

Turquoise, Inc. is trying to decide whether to purchase identical inventory from one of the following suppliers: Supplier A Supp

lier B Cost $ 270 $ 280 Invoice terms 2/10, n/30 3/10, n/30 Shipping terms FOB shipping point FOB destination Shipping cost $ 27 $ 29 Required: Assume the company will pay within the discount period. What is the actual cost of the inventory if purchased from each supplier? (Round your final answers to 2 decimal places.)
Business
1 answer:
melomori [17]3 years ago
8 0

Answer:

Actual Cost of Supplier A:  $291.60

Actual Cost of Supplier B: $271.60

Explanation:

<u>Supplier A:</u>

Cost - 270

Shipping FOB shipping point

Purchase Discount = Invoice Price * Discount

For Supplier A, the invoice price is 270 and discount is 2/10 = 2%, so:

Purchase Discount = 270 * 0.02 = $5.4

Cost is:

270 + 27(shipping FOB point) - 5.4 = $291.60

<u>Supplier B:</u>

Cost - 280

Shipping Destination (so 0)

Purchase Discount = Invoice Price * Discount

For Supplier B, the invoice price is 280 and discount is 3%, so:

Purchase Discount = 280 * 0.03 = $8.4

Cost is:

280 - 8.4 = $271.60

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Wolf Computer exchanged a machine with a book value of $40,000 and a fair value of $45,000 for a very similar machine. In additi
fgiga [73]

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gain of $5,000

Explanation:

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a company must determine the gain or loss of an exchange transaction using the asset's book value and comparing it against its fair market value. If the FMV is higher than the book value, the company will recognize a gain. If the FMV is lower than the book value, then the company will recognize a loss.

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Bar graph with title Total Effective Tax Rates in 2011. Yaxis is labeled Total Effective Tax Rate. xaxis is labeled Income Group
BabaBlast [244]

Answer:

Regressive

Explanation:

Bar graph with title Total Effective Tax Rates in 2011. Yaxis is labeled Total Effective Tax Rate. xaxis is labeled Income Group over Average Income. Data are Lowest 20 percent, 13,000 dollars, 17.4 percent, Second 20 percent, 26,100 dollars, 21.2 percent; Middle 20 percent, 42,000 dollars, 25.2 percent; Fourth 20 percent, 68,700 dollars, 28.3 percent, Next 10 percent, 105,000 dollars, 29.5 percent; Next 5 percent, 147,000 dollars, 30.3 percent, Next 4 percent, 254,000 dollars, 30.4 percent; Top 1 percent, 1,371,000 dollars, 29.0 percent.

Which best describes the tax rate for the Top 1%, as compared with the rates paid by the groups labeled Next 10%, Next 5%, and Next 4%

yaxis(%) Effective tax rate

20

17.4

20

21.2

20

25.2

20

28.3

10

29.5

5

30.3

4

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1

29

x Axis (income  Group over Average Income.)

13000

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147000

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1,371,000

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Softie, Inc. produces facial tissues. The company's contribution margin ratio is 77%. Fixed expenses are $240,400. To achieve a
sladkih [1.3K]

To achieve a target profit of $930,000, Softies' sales must be $1,520,000.

<h3>What is target profit?</h3>
  • Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
  • Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
  • If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
  • As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.

To find the target profit of Softie, Inc.:

  • Sales = ($240,400 + $930,000) ÷ 0.77
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Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.

Know more about target profit here:

brainly.com/question/17061733

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