Answer:
Cobra Inc.
The amount that Cobra should report for desks is $790.
Explanation:
a) Data and Calculations:
Purchases on March 3 = $330
Purchases on March 22 = $460
Payment on March 24 = ($460)
Amount unpaid = $330
b) The amount that Cobra Inc. should report as Accounts Payable at the end of March is $330. However, in reporting for the desks, it should report $790 in assets. This amount represents the value of desks that the company is possessing, which is financed by company cash and creditors.
When people take money out of the bank, they have to pay them back with a little more and interest is why.<span />
Answer:
sequential
Explanation:
organizational structures come in four general types – functional, divisional, matrix and flat
Answer:
Option (D) is correct.
Explanation:
Sale from beginning inventory = (Beginning inventory - sales units) × selling price per unit
= (24 - 17) × $15
= 7 × $15
= $105
Sale from September 17th purchase:
= (Beginning inventory - sales units of Sept 5 and Sept 30) × $20
= (24 - 17 - 8) × $20
= 1 × $20
= $20
Therefore,
Cost of good sold on Sept 30 = Sale from beginning inventory + Sale from September 17th purchase
= $105 + $20
= $125
Ending inventory:
= ( Beginning inventory - Sept 5 Sale + Sept 17 Purchase - Sept 30 Sale) × per unit purchasing price
= (24 - 17 + 10 -8) × $20
= 9 units × $20
= $180
