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Feliz [49]
3 years ago
13

A company purchased inventory for $74,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company pa

id the shipper $1,500 cash for freight in. The company paid the vendor nine days after the sale. If there was no beginning inventory, the cost of inventory would be ________. (Assume a perpetual inventory system.) Group of answer choices $73,280 $75,500 $70,280 $72,500
Business
1 answer:
marysya [2.9K]3 years ago
8 0

Answer:

Cost of inventory =$73,280

Explanation:

The term 3/10 implies that the company would get a discount of 3% off the gross purchase price if its settles its account within 10 days of purchase. Since the payment was made 9 days after then the  discount is secured.

The cost of inventory =  the net purchase price + the freight charges

Net purchase price = Gross amount - discounts

Net purchase price = 74,000 - (3%× 74,000)=$71780

The cost of inventory = 71,780 + 1500= 73280

Cost of inventory =$73,280

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Answer:

The correct answer is the option D: Free cash flow, economic value added, sales forecast.

Explanation:

To begin with, in the field of business, a financial plan consists of an strategy that the managers of the company must follow in order to have every money aspects established and on guard of what can happen straight ahead regarding the conditions and circumstances of the organization's environment and context as well. Therefore that a financial plan's major three components are the cash flow statement where the managers must see how the money is flowing in and out, also the sales forecast that will encourage the company itself to try to achieve that expectations and the economic value added could also be very important when it comes to matters of money and how the business will value their products for sale according to the costs structure that the enterprise has.  

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3 years ago
Suppose you own a small business and have been thinking about expanding production, including hiring more workers. Until recentl
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Explanation:

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Expanding production will help the economy in the following ways:

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2. Increase in standard of living: There will be an increase in the standard of living for people that were not employed before and now gainfully employed due to the expansion.

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3 years ago
Management at the Flagstaff Company currently sells its products for $250 per unit and is contemplating a 40% increase in the se
elena-s [515]

Answer:

393 units will need to be sold to breakeven

Explanation:

Break even point is the point where a Company makes neither makes a profit nor a loss.

Step 1 : Calculate new variables

New Sales = $250 x 1.40 = $350

Variable Costs = $250 x 30 % = $75

New Fixed Costs = $120,000 x 90 % = $108,000

Step 2 : Break even (units)

Break even (units) = Fixed Costs ÷ Contribution per unit

                               = $108,000 ÷ ($350 - $75)

                               = 393 units

Thus, 393 units will need to be sold to breakeven

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