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GaryK [48]
3 years ago
9

Willetta Company purchases inventory for $18,000 with terms 2/10, n/30. It then returns $2,800 of the inventory purchased to the

supplier and also receives an allowance for defective inventory of $180. The company pays the amount due within the discount period. What is the amount of the discount that will be taken? (Round your answer to the nearest dollar amount.)
Business
1 answer:
kvv77 [185]3 years ago
4 0

Answer:

The amount of discount that will be taken is $300.4

Explanation:

The amount of discount that will be taken will be on the value of accounts payable that is eligible for pay after adjustments.

The accounts receivable balance after adjusting for purchases returns and defective goods is:

Accounts receivables eligible for payment = 18000 - 2800 - 180 = $15020

The accounts payable amount that is eligible for discount is:

Discount received = 15020 * 0.02 = $300.4

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A) Mendez's ethical responsibilities are,

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2)Confidentiality

3)Integrity

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B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.

Explanation:

1)

Integrity

Cometence

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IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are

1)Competence

2)Confidentiality

3)Integrity

4)Credibility

2)

Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.

8 0
3 years ago
Consider the following two situations: (1) you buy a Porsche produced in Germany, (2) you buy a Volkswagen produced in the U.S.
kondor19780726 [428]

The purchase of a Porsche produced in Germany has a direct effect on net exports

<h3>What is net export?</h3>

Net exports is total export less import. Import is when a good or service is brought into a country from a foreign country. Import reduces the value of the net exports. Export is when a good produced in a country is sold in a foreign country.

To learn more about imports, please check: brainly.com/question/26497713

7 0
1 year ago
You recently graduated from Empire State University with a degree in Marketing. You loved your time at Empire State, and have ma
11111nata11111 [884]

Answer and Explanation:

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Geographic:

This variable would consider where consumers are located geographically. Therefore are customers able to access the coffee shop easily I'm terms of proximity. How convenient is it to move to to the coffee shop from the customers location?

Psychographic:

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5 0
3 years ago
Department 1 completed work on 500 units and transferred them to Department 2. The cost of the units was​ $750. What is the jour
vaieri [72.5K]

Answer:

                                                                     Dr.       Cr.

Work-in-Process Inventory - Dept. 2:        750

Work-in-Process Inventory—Dept. 1:                    750

Explanation:

All the cost incurred in the department 1 was added in the work in process account of this department. While transferring the product from one department to other the cost of work in process will also be transferred to next department to accumulate all costs associated with the product. At the end the finished goods will be carrying all the cost incurred to manufacture that product. Due debit nature of WIP account the cost in transferred to next department's account by just crediting the WIP of department 1 and debiting WIP of department 2. WIP of Department 1 will be 0 and WIP of department 2 will be $750.

8 0
2 years ago
In Cuba, a lottery system effectively decides who gets to purchase a car. Why would someone favor a lottery system over a price
ArbitrLikvidat [17]
Answer: C


I hope this helps and have a wonderful day!!
7 0
3 years ago
Read 2 more answers
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