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saw5 [17]
3 years ago
9

Assume the perpetual inventory method is used. The company purchased $12,300 of merchandise on account under terms 4/10, n/30. T

he company returned $1,800 of merchandise to the supplier before payment was made. The liability was paid within the discount period. All of the merchandise purchased was sold for $18,600 cash. What effect will the return of merchandise to the supplier have on the accounting equation
Business
1 answer:
iragen [17]3 years ago
4 0

Answer:

The Assets and liabilities will be reduced by $1,800

Explanation:

The effect that the return of merchandise to the supplier we have is that The Assets and liabilities will be reduced by $1,800. This means that the purchase return will decrease assets of the merchandise inventory and decrease liabilities of accounts payable by the amount of $1,800, and the full amount of the invoiced merchandise will be returned.

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_____ is a strategy used when giving constructive feedback.
lorasvet [3.4K]
The Sandwhich technique is a strategy used when giving constructive feedback. 
3 0
3 years ago
You expect a share of EconNews.Com to sell for $65 a year from now. If you are willing to pay $65.74 for one share of the stock
iogann1982 [59]

Answer:

dividend payment = $6

Explanation:

given data

sell = $65

pay = $65.74

require a return =  8%

solution

we will use here present value formula that is express as

current stock price ( present value ) = \frac{future\ value}{1 + rate}  ........................1

$65.74 = \frac{65+d}{1+0.08}

here d is dividend

solve it we get

d = $6.00

so dividend payment = $6

6 0
3 years ago
A parent sold land costing $400,000 to its subsidiary for $450,000 in 2017. The subsidiary still holds the land at the end of 20
nadezda [96]

Answer:

correct option is a. Land

Explanation:

given data          

land costing =  $400,000        

subsidiary 2017 = $450,000      

land credit = $50,000        

                 

solution            

While when we consolidating  land that will  appear in the group asset at the amount of 450,000.  

so here the appreciation in the value of land is not  realized gain .

so that there will be  credit to land with 50,000

so correct option is a. Land

5 0
3 years ago
The heart of the internal records system is the ________ because customers favor firms that can promise timely delivery. A. sale
Brut [27]

Answer:

C. order-to-payment cycle

Explanation:

Order to cash, also known as the or the quote-to-cash cycle, refers to the process of receiving and completing a sale  the beginning with the placement of the order and ending with the payment.

I hope you find this information useful and interetsing! Good luck!

3 0
3 years ago
FSU's bonds have a face value of $1,000 and are currently quoted at 867.25. The bonds have a coupon rate of 6.5 percent. What is
Andrews [41]

Answer:

the current yield is 7.49%

Explanation:

The computation of the current yield on the bond is shown below:

The current yield is

= Annual coupon payments ÷ Bond price

= ($1,000 ×6.5)  ÷  $867.25

= $65 ÷  $867.25

Hence, the current yield is 7.49%

4 0
3 years ago
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