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Zepler [3.9K]
3 years ago
5

A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50 is granted on June 16. The amount received as paym

ent in full on June 23 is $650. $700. $685. $686.
Business
1 answer:
saveliy_v [14]3 years ago
4 0

The amount received as payment in full on June 23 is $686

Explanation:

Given ,

Credit sale of $750

Terms 2/10, net/30

$50 is granted on June 16

= (750-50)x 0.98

= 700 x 0.98

= 686

The payment is reported as a repayment to the accounts receivable. Make an equivalent debit to the bank account to accept the earned money as a payment

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frozen [14]

Answer:

Estimated manufacturing overhead rate= $1.84 per direct labor dollar

Explanation:

Giving the following information:

Total Direct labor costs= 60,000 + 103,000= $163,000

Total estimated overhead costs are $300,000.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/163,000

Estimated manufacturing overhead rate= $1.84 per direct labor dollar

5 0
3 years ago
At retirement, Susan plans take the investment balance from her mutual fund account and the balance from her 401K account and co
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Answer:

It is safer to invest in an IRA account.  If she withdraws she will be penalized a large sum.

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4 0
3 years ago
Brandon mows six yards once a week for 22 weeks. He averages making about $30 a yard but spends about $5 a yard on Gasoline and
photoshop1234 [79]

Answer:

His yard business makes him $7,800 every year after accounting for expenses

Explanation:

<em>Step 1: Determine number of yards he mows he in a year</em>

I year has 52 weeks

He mows 6 yards once a week

Total number of yards he mows in a year=number of yards he mows in a week×number of weeks in a year

where;

total number of yards he mows in a year=unknown

number of yards he mows in a week=6

number of weeks in a year=52 weeks

replacing;

total number of yards he mows in a year=6×52=312 yards

<em>Step 2: Determine the amount he makes in a year</em>

Total amount in a year=amount per yard×number of yards in a year

where;

Total amount in a year=unknown

amount per yard=$30

number of yards in a year=312 yards

replacing;

Total earnings in a year=30×312=$9,360

<em>Step 3: Determine total expenditure</em>

The total expenditure can be expressed as;

Total expenditure=expense per yard×number of yards in a year

where;

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expense per yard=$5

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replacing;

Total expenditure=5×312=$1,560

<em>Step 4: Determine the net income after considering expenses</em>

The net income can be determined using the expression;

Net income=Total earnings in a year-total expenditure in a year

where;

net income=unknown

total earnings in a year=$9,360

total expenditure in a year=$1,560

replacing;

Net income=(9,360-1,560)=$7,800

His yard business makes him $7,800 every year after accounting for expenses

6 0
4 years ago
Procurement costs such as costs of placing orders for materials and paying suppliers are usually classified as: Product-level co
Diano4ka-milaya [45]

Answer:

Batch-level costs.

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And, the other options are incorrect

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3 years ago
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Study other people who do the career, research the career, ask people for information about it if they don’t know it fine if they do great
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3 years ago
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