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Leona [35]
3 years ago
14

Santa Fe Retailing purchased merchandise "as is" (with no returns) from Mesa Wholesalers with credit terms of 2/10, n/60 and an

invoice price of $20,600. The merchandise had cost Mesa $14,049. Assume that both buyer and seller use a perpetual inventory system and the gross method. 1. Prepare entries that the buyer records for the (a) purchase, (b) cash payment within the discount period, and (c) cash payment after the discount period. 2. Prepare entries that the seller records for the (a) sale, (b) cash collection within the discount period, and (c) cash collection after the discount period.

Business
1 answer:
MrRissso [65]3 years ago
8 0

Answer:

See attachment

Explanation:

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What is NOT a major purpose of orientation and socialization? A.. Contribute to the organization's bottom-line goals B. Maximize
Alexxandr [17]

Answer:

B. Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

Explanation:

Orientation in a new workplace is a term that describes a form of onboarding process which includes general or property related areas of the firm, like company standards and policies, firm culture, and job-specific aspects of responsibilities.

Also, Socialization in this regard is a form of arrangement, introduced to the values, norms, and behaviors that are required in order to be successful in the organization.

Hence, considering the available options, what is not a major purpose of orientation and socialization is option B: Maximize the potential for litigation with people who claim to be rejected on a discriminatory basis

5 0
3 years ago
Hooray! You won the lottery, but you have a choice of taking the $20,000 per year for the next 20 years or taking a lump settlem
Artyom0805 [142]

Answer:

The minimum value is $196,362.95

Explanation:

Giving the following information:

Cash flow= $20,000

The number of years= 20 years

Interest rate= 8%

First, we need to calculate the future value of the cash flows. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {20,000*[(1.08^20)-1]} /0.08

FV= $915,239.29

Now, we can calculate the present value. The present value is the minimum value yo accept.

PV= FV/(1+i)^n

PV= 915,239.29/ 1.08^20

PV= $196,362.95

3 0
3 years ago
Which of the following is NOT a common credit card fee?
Bingel [31]
A late fee because you only get one if you don't make your payment on time hope this helped
7 0
3 years ago
Read 2 more answers
On January 1, 2024, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2027. The prevailin
Xelga [282]

Answer:

The amount of interest revenue that should be included in Ball's 2025 income statement is $41,250

Explanation:

Rate of interest  January 1, 2024 = 10%.

Present value of $1 at 10% for three periods is 0.75.

Present value of notes receivable = $500,000 × 0.75 = $375,000  

Interest recognized in 2024 = $375,000 × 10% = $37,500  

Interest recognized in 2025 = $(375,000+37,500) × 10% = $41,250

4 0
3 years ago
Privatization of the public sector jobs can...
elixir [45]

Answer:

<u>A. actually reduces the percentage of union membership.</u>

Explanation:

Remember, the term <em>privatizaton </em>simply refers to a transfer of ownership of public sectors like an energy company owned by the government to private individuals.

We can say this because Public sector jobs are often seen as less profit-oriented, but as welfare focused jobs. Thus, in most economies when privatization occurs, management tends to reduce the percentage of union membership by employing certain tactics.

5 0
4 years ago
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