The cost of 10 cupcakes is $40. How much is one cupcake?

A company purchased $10,000 of merchandise on January 5 with terms 2/10, n/30. On January 7, it returned $1,200 worth of merchan

s2008m [1.1K]

Answer:

C. Debit Accounts Payable $8,800; credit Merchandise Inventory, $176; credit Cash $8,624.

Step-by-step explanation:

Data given in the question is inconsistent with the options given.

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Purchases = $10,000

Returns = $1,200

Amount Due = $10,000 - $1,200 = $8,800

As the payment is made after discount period, so no discount will be availed. Full amount of $8,800 will be paid.

A similar and correct question is given below and answer is made accordingly.

A company purchased $10,000 of merchandise on January 5 with terms 2/10, n/30. On January 7, it returned $1,200 worth of merchandise. On January 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on January 12 is:

Debit Accounts Payable $10,000; credit Merchandise Inventory $200; credit Cash $9,800.

Debit Merchandise Inventory $8,800; credit Cash $8,800.

Debit Accounts Payable $8,800; credit Merchandise Inventory, $176; credit Cash $8,624.

Debit Cash $1,600; credit Accounts Payable $1,600.

Debit Accounts Payable $8,624; credit Cash $8,624.

Solution

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Purchases = $10,000

Returns = $1,200

Amount Due = $10,000 - $1,200 = $8,800

As the payment is made within discount period, so discount will be availed

Discount = $8,800 x 2% = $176

Cash Paid = $8,800 - $176 = $8,624

5 0

3 years ago

What is 3x+5Y=15for y

yarga [219]

Y can equal 3, if x=0. i hoped i helped. please mark my responce as brainiest.

8 0

4 years ago

7hr= how many minutes

denis-greek [22]

Answer:

420 minutes

Step-by-step explanation:

1 hour = 60 minutes

7 * 1 hour = 7 * 60 minutes

7 hours = 420 minutes

5 0

3 years ago

Read 2 more answers

Quadrilateral CDEF is dilated by a scale factor of į to form quadrilateral C'D'E'F'.

Kobotan [32]

Given:

CDEF is dilated by a scale factor of $\dfrac{3}{4}$ to form the quadrilateral C'D'E'F'.

To find:

The measure of side E'F'.

Solution:

If a figure is dilated by a scale factor of k, then the side of dilated figure is k times of corresponding side of original figure.

CDEF is dilated by a scale factor of $\dfrac{3}{4}$ to form the quadrilateral C'D'E'F'. So,

$E'F'=\dfrac{3}{4}\times EF$

From the given figure it is clear that $EF=12$ . So,

$E'F'=\dfrac{3}{4}\times 12$

$E'F'=9$

Therefore, the measure of side E'F' is 9 units.

7 0

3 years ago

Twenty students from Sherman High School were accepted at Wallaby University. Of

nydimaria [60]

Answer:

Data provide convincing evidence of a difference in SAT scores between students with and without a military scholarship is explained below in details.

Step-by-step explanation:

This is a quiz of 2 autonomous groups. The population model differences are not understood. it is a two-tailed examination. Let w be the index for scores of students with army research and o be the index for scores of students without army research.

Therefore, the population means would be μw and μo.

The irregular variable is x w - xo = variation in the sample mean records of students with military accomplishments and students without.

For students with military accomplishments,

n = 8

Mean = (850 + 925 + 980 + 1080 + 1200 + 1220 + 1240 + 1300)/8

Mean = 1099.375

Standard deviation = √(summation(x - mean)/n

Summation(x - mean) = (850 - 1099.375)^2 + (925 - 1099.375)^2 + (980 - 1099.375)^2 + (1080 - 1099.375)^2 + (1200 - 1099.375)^2 + (1220 - 1099.375)^2 + (1240 - 1099.375)^2 + (1300 -1099.375)^2 = 191921.875

Standard deviation = √(191921.875/8 = 154.89

For students without military scholarship,

n = 12

Mean = (820 + 850 + 980 + 1010 + 1020 + 1080 + 1100 + 1120 + 1120 + 1200 + 1220 + 1330)/12

Mean = 1073.83

Summation(x - mean) = (820 - 1073.83)^2 + (850 - 1073.83)^2 + (980 - 1073.83)^2 + (1010 - 1073.83)^2 + (1020 - 1073.83)^2 + (1080 - 1073.83)^2 + (1100 - 1073.83)^2 + (1120 - 1073.83)^2 + (1120 - 1073.83)^2 + (1200 - 1073.83)^2 + (1220 - 1073.83)^2 + (1330 - 1073.83)^2 = 238199.4268

Standard deviation = √(238199.4268/12 = 140.89

We would set up the hypothesis.

The null hypothesis is

H0 : μw = μo H0 : μw - μo = 0

The alternative hypothesis is

Ha : μw ≠ μo Ha : μw - μo ≠ 0

Since sample standard deviation is recognized, we would analyis the examination statistic by using the t examination. The formula is

(xw - xo)/√(sw²/nw + so²/no)

From the information given,

xw = 1099.375

xo = 1073.83

sw = 154.89

so = 140.89

nw = 8

no = 12

t = (1099.375 - 1073.83)/√(154.89²/8 + 140.89²/12)

t = 0.37

The formula for determining the degree of freedom is

df = [sw²/nw + so²/no]²/(1/nw - 1)(sw²/nw)² + (1/no - 1)(so²/no)²

df = [154.89²/8 + 140.89²/12]²/(1/8 - 1)(154.89²/8)² + (1/12 - 1)(140.89²/12)² = 21650688.37/1533492.15

df = 14

We would get the probability count from the t test calculator. It becomes

p value = 0.72

Since the level of importance of 0.05 < the p value of 0.72, we would not neglect the null hypothesis.

Therefore, these data do not present an acceptable indication of a difference in SAT scores between students with and without a military scholarship.

Part B

The formula for getting the confidence interval for the difference of two population means is expressed as

z = (xw - xo) ± z ×√(sw²/nw + so²/no)

For a 95% confidence interval, the z score is 1.96

xw - xo = 1099.375 - 1073.83 = 25.55

z√(sw²/nw + so²/no) = 1.96 × √(154.89²/8 + 140.89²/12) = 1.96 × √2998.86 + 1654.17)

= 133.7

The confidence interval is

25.55 ± 133.7

6 0

3 years ago