Answer:
73,450 COGS
Explanation:
From the beginning inventory we add up purchase and freight cost and subtract the return made to the suplier and discount and allowance granted.
This will be the total cost available for sale.
Then we subtract the ending inventory to get the COGS
27,000 beginning inventory
+ 78,000 purchases
+ 350 freight-in
- 3,900 return and allowance
<u>- 6,000 </u>discount
95,450 good available for sale
<u>- 22,000 </u>ending inventory
73,450 COGS
The sales return impact the sales revenue not the COGS
Answer:
The answer is c:
Enforceable via employee agent
Explanation:
The definition of agency law deals with agent-principal relationships; that is a relationship where one party has the legal authority to act in place of another. Relationships that are commonly associated with agency law include employer-employee, administrator-decedent or executor, and guardian-ward.
Agreements that result in the formation of agency-type relationships can be implied or express, and both the principal and the agent can be an entity (such as partnership or corporation) or individual.
Here in the given situation, since, Elaine is an employee of the business and knowledgeable enough to deal with the contract filing, it is implied that she is acting as an employee agent, that she can help the customer in filing the contract.
Answer:
2030
Explanation:
The computation of the total number of new generators including this year is shown below
Given that
(A) = 100
Common Ratio (r) = 1.15
n = 10
Now
Sum of 10 terms Sn is
= A × (r n - 1) ÷ (r - 1)
= 100 × (1.1510 - 1) ÷ (1.15 - 1)
= 100 × 3.0456 ÷ 0.15
= 2030
We simply applied the above formula so that the total number of new generators could come
Average income is important because it tells us the income of an average person and gives an idea about the rising standard of living of people.
Average income is basically income earned per person in a given area in a specific year. More income means more money to fulfill your needs and wants. It is believed that the prosperity of a country depends on it. Money is considered an important factor in the development of a country. If the average income of a country increases there are chances of an increase in the development of that country. If the average income is lower there are fewer chances of development.
A country with high average income is considered rich and low average income country is considered poor. The World Bank also uses the average income to measure the development of any country. Therefore average income is considered a very important criteria for development.
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