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dusya [7]
3 years ago
11

A company using the perpetual inventory system purchased inventory worth $ 22 comma 000 on account with terms of 2​/10, ​n/30. D

efective inventory of $ 1 comma 000 was returned two days​ later, and the accounts were appropriately adjusted. If the invoice is paid 10 days after the invoice​ date, the amount of the purchase discount that would be available to the company is​ ________
Business
1 answer:
EastWind [94]3 years ago
4 0

Answer:

Discount = $420

Explanation:

Inventory purchased = $22000

Defective inventory = $ 1000

to find out

amount of the purchase discount that would be available to the company is​

solution

we know Inventory purchased = $22000

and return is $1000

so Net Purchases = $22000  - $1000

Net Purchases = $21000

so

discount claim for $21000  is 2%

Discount = 2% of $21000

Discount = $420

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1 year ago
Board Company has a foreign subsidiary that began operations at the start of 2017 with assets of 134,000 kites (the local curren
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Answer: Please refer to Explanation

Explanation:

1 October 2017

No entry required as contract not yet exercised

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DR Forward Contract (220,000*(0.67-0.66)) $2,200

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3 0
3 years ago
What is the fau and emergency management department’s campaign slogan?.
Aleks04 [339]

FAU and emergency management department’s campaign slogan is “FAU ALERT” or “ATTENTION FAU”. Read below about the usage of the slogan.

<h3>How does FAU use their slogan?</h3>

“ATTENTION FAU” is only utilised in messaging if an incident has the potential to suspend normal operations or affect life safety and/or destruction of University resources.

Therefore, the slogan is as provided above.

learn more about FAU: brainly.com/question/16054173

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3 0
2 years ago
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Answer:

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4. Diminishing marginal utility

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2. Opportunity cost is the second-best alternative or value of the alternative, that must be given up when making a choice. Because of scarce resources with alternative uses allocation of resources involves some opportunity cost.

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2 years ago
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