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Nana76 [90]
3 years ago
7

Dollar store purchases merchandise for $1,500 on terms of 2/5, n/30, fob shipping point, invoice dated november 1. 5 dollar stor

e pays cash for the november 1 purchase. 7 dollar store discovers and returns $200 of defective merchandise purchased on november 1, and paid for on november 5, for a cash refund. 10 dollar store pays $90 cash for transportation costs for the november 1 purchase. 13 dollar store sells merchandise for $1,600 with terms n/30. the cost of the merchandise is $800. 16 merchandise is returned to the dollar store from the november 13 transaction. the returned items are priced at $160 and cost $80; the items were not damaged and were returned to in
Business
1 answer:
gavmur [86]3 years ago
8 0

Answer:

Inventory  1500

Accounts Payable  1500

--to record purchase--  

Inventory  

Cash  

--to record payment of freights--  

Accounts Payable  200

Inventory  200

--to record returned goods--  

Accounts Payable  1300

Inventory  26

Cash  1274

--to record payment within discount--  

Inventory  90

Cash  90

--to record payment of freights--  

Accounts Receivables  1600

Sales Revenues  1600

--to record sale--  

COGS  800

Inventory  800

--to record COGS of the previous sale--    

Sales Returns  160

Accounts Receivables  160

--to record returned goods--  

Cash  1,440

Accounts Receivables  1440

--to record collection--  

Inventory  80

          COGS          80

--to record returned but, useful goods--  

Explanation:

We reduct from the balance of the account the returrned goods:

1,500 - 200 = 1,300 then we calcualte the discount of 2 = 26

net cash outlay: 1,300 - 26 = 1,274

The freight are part of the necessary cost to acquire the goods so it increase the inventory valuation

as the returned goods are still in good conditions we can returned to our nventory and decrease thecost of good sold associate with the sale.

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Instead of spending the weekend working on the research paper due at the end of next week sam decided to spend the weekend going
inna [77]

Answer:

the id

Explanation:

In simple words, the id can be understood as the root of all psychological bravery, as per Freud 's philosophy, rendering it the essential component of identity. The ID is motivated by the concept of immediate satisfaction of all wishes, desires and desires. If these needs are not immediately fulfilled, the effect is a state of discomfort or stress.

Thus, from the above we can conclude that the correct answer is the id.

6 0
3 years ago
Jessica submitted to cancel event request form to cancel event she is scheduled to conduct three weeks from today the only adver
postnew [5]

Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

United HealthCare's(UHC) event cancellation reporting rules include:

  • The last advised date for submitting a cancel event request form was no later than six business days before the event in order to ensure that an event is canceled in United Healthcare's event reporting application by the reporting deadline.
  • Except in cases of adverse weather, events must be canceled and reported in the united healthcare event reporting application at least one business day before the event.

Hence, if Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

Learn more about Advertising:

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5 0
2 years ago
Bretts Construction Company had a contract starting April 2017, to construct a $6,000,000 building that is expected to be comple
ExtremeBDS [4]

Answer: $230,000

Explanation:

Gross profit to be earned from project:

= Construction price - cost of construction

= 6,000,000 - 5,500,000

= $500,000

Percentage of costs incurred in 2017:

= 2,530,000 / 5,500,000 * 100%

= 46%

The Gross profit for 2017 is therefore:

= Percentage of cost incurred * total gross profit

= 46% * 500,000

= $230,000

4 0
3 years ago
I have a resturant which is famous for hydrabdi biryani but the ingredients are not avilable in the resturant suddenly if the gu
liraira [26]
You could say to the customer “sorry there is none available at the moment” and for them to come back and not be disappointed you can give them a discount voucher , therefore minimising the chance of that customer not returning.
3 0
2 years ago
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Orlando, the owner of a belgian event-planning company called memory makers, plans to open a marketing company that focuses on p
schepotkina [342]

Kick start will be totally owned and controlled by memory makers, which makes kick start a subsidiary of memory makers.

<h3>What is a Subsidiary?</h3>

This refers to the branch of a company which performs a different function from the parent company but has the same vision and mission which is to increase profit and sales.

With this in mind, we can see that because Orlando who owns an event planning company opens a marketing company so as to focus on product launches, this shows that they are a subsidiary.

Read more about subsidiary here:
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5 0
2 years ago
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