Answer:
The cost of goods available for sale is $650,100
Explanation:
Credit terms of 3/15, n/45 means that 3% discount for the payment within 15 days and the full amount to be paid within 45 days.
The discounts Northwest Fur Co. took = $560,000 x 3% = $16,800
Northwest uses a perpetual inventory system and the gross method to record purchases.
Net Purchases = Purchases - Purchase Returns - Purchases Discounts + Freight-In = $560,000 - $4,900 - $16,800 + $8,800 = $547,100
The cost of goods available for sale = Beginning merchandise inventory + Net Purchases = $103,000 + $547,100 = $650,100
Agribusiness, i believe is your answer
hope this helps :)
Answer: $20,000
Explanation:
Net Income is the amount from revenue that the company made over expenses. It is therefore;
= Revenue - Expenses
= 110,000 - 90,000
= $20,000
<em>Note: Dividends are not considered in the calculation of Net Income as they are not expenses. </em>
Answer:
dividend payment = $6
Explanation:
given data
sell = $65
pay = $65.74
require a return = 8%
solution
we will use here present value formula that is express as
current stock price ( present value ) =
........................1
$65.74 = 
here d is dividend
solve it we get
d = $6.00
so dividend payment = $6