7%, hope this helps!
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Caramelatte
Answer:
Dr. Cr.
Note Receivable $6,000
Account Receivable $6,000
Explanation:
Note is received against a payment of sale mad on credit. A new receivable will be built with the name of Note receivable, so this account will be debited. To deduct the value from the account receivable we will credit the account receivable account due to its debit nature. Later on the interest will be accrued and added in this balance.
Answer:
$ 142,800.00
Explanation:
The ending inventory can be computed by rearranging the cost of goods sold formula:
cost of goods sold=Beginning inventory+net purchases-ending inventory
ending inventory=beginning inventory+net purchases-cost of goods sold
beginning inventory is $92,000
Net purchases=purchases-discount+freight-in charges-purchase return
net purchases=$425,000-($425,000*1%)+$7000-($5000*99%)=$422,800.00
cost of goods sold is $372,000
ending inventory=$92,000+$422,800-$372,000=$ 142,800.00
I wanna think prob full coverage home owners insurance
Answer:
CRS would not benefit from dropping Donnelly’s Pizza because it would lose $43,680 in revenues and save $43,344 in costs resulting in a $336 decrease in operating income.
Explanation:
Difference: Incremental(Loss in Revenues)and Savings in Costs from dropping Donnelly’s Pizza:
Revenues $(43,680)
Cost of goods sold 26,180
Order processing ($14,000 – 10% × $14,000)= 12,600
Delivery ($3,500 – 20% × $3,500)= 2,800
Rush orders 924
Sales calls 840
Total costs 43,444
Effect on operating income (loss)
$(336)
