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OverLord2011 [107]
3 years ago
15

Sampson Company's accounting records show the following at the year ending on December 31, 2010: Purchase Discounts $ 5,600 Frei

ght - in 7,800 Purchases 200,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400 Using the periodic system, the cost of goods purchased is A. $180,210. B. $204,210. C. $208,610. D. $195,810.
Business
1 answer:
Ivahew [28]3 years ago
7 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Purchase Discounts $ 5,600 Freight - in 7,800 Purchases 200,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400 Using the periodic system

Purchased= 200,010 + 7,800 - 5,600 - 6,400= $195,810

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Explanation:

Having a past medical history of

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3 years ago
P.Y.F. ("Pay Yourself First")
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7 0
2 years ago
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You are thinking of investing in Wave Runnerz, Inc. You have only the following information on the firm at year-end 2013: net in
tatuchka [14]

Answer:

8.28%

Explanation:

Given that,

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Debt ratio = 35 percent

Debt ratio = Total debt ÷ Total assets

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Total assets = $65 million ÷ 35 percent

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Wave Runnerz's ROE for 2018:

= Net income ÷ Equity

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6 0
2 years ago
Newman Labs is considering buying equipment, which would enable the company to obtain a five-year research contract. The special
DanielleElmas [232]

Answer:

B

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Expenses - $650,000

Increase in net income - 100,000

Annual depreciation charge - 650000/5 =$130,000

Discount rate - 12%=3.605

Present cash value =( $100,000+$130000) = $230,000

Please note that depreciation is added back as it is a non cash expenses

Present value of cash flow = annual cash flow * discount rate

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3 0
3 years ago
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The West European buyers who purchase and resell Entrée Specialités’ food products in their home countries are in the _____ busi
defon

Answer:

The correct answer is letter "A": importing.

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Importing activities involve businesses or individuals purchasing goods from manufacturers abroad with the purpose of reselling those goods or for personal use. Importing goods imply paying tariffs on those products as a way to protect national businesses.

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