Answer:
$258,720
Explanation:
On January 6, 2022, VTC will pay the discounted amount of $258,720 because he paid the said obligation within the discounted period of 10 days based on the contract. Computation of said amount are as follow;
First, compute the gross amount
$22,000 x 12 units = $264,000
Second, compute the discount
$264,000 x 2% = $5,280
Lastly, deduct discount from the gross value to get the net amount of payment
$264,000 - $5,280 = $258,720 (ANSWER)
Answer:
Dr Work in Process Inventory 97,000 and Dr Factory Overhead 10,000
Explanation:
Wilturner Company journal entries to record the labor will be to Debit work in process inventory with 97,000 because the company incurs $74,000 of labor which was related directly to the product in the Assembly Department and the $23,000 of labor was not directly related to the product and then Debit Factory Overhead with 10,000.
Dr Work in Process Inventory 97,000
($74,000+$23,000)
Debit Factory Overhead 10,000
Hello.
The answer is
<span>D. for investors to calculate the periodic interest rate.
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