Answer:
$71,340
Explanation:
The computation of the cost of inventory is shown below:
= Purchase value of inventory - discount charges + freight charges
where,
Purchase value of an inventory = $72,000
Discount charges = $72,000 × 3% = $2,160
Freight charges = $1,500
So, the cost of inventory is
= $72,000 - $2,160 + $1,500
= $71,340
The discount terms is 3% if payment is made within 10 days and total time of payment is 30 days instead of 33%
Answer:
The answer is Company & Financials> Reports Center > Accountant & Taxes
Explanation:
Solution
Given:
From the given question above the steps to print the Adjusted Trial Balance is given below:
- First step is to go the Report Center and select the same
- Secondly go to accountant and taxes and select that option
- Thirdly the trial balance option
Therefore, the correct answer is Report center > Accountant and Taxes
Answer:rr56iomivt
Explanation:
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Answer:
Book value= $33,008
Explanation:
Giving the following information:
On January 1, 2016:
Purchase cost= $50,710.
Residual value= $4,700
Wasson uses the units-of-production depreciation method.
The vehicle will be driven 107,000 miles.
2016= 10,700 miles
2017= 18,700
First, we need to calculate the depreciation of 2016 and 2017, using the following formula:
Annual depreciation= [(original cost - salvage value)/useful life of miles]*miles
2016= [(50,710 - 4,700)/107,000]*10,700= $4,601
207= 0.43*18,700= $8,401
Book value= depreciable value - accumulated depreciation
Book value= 46,010 - (4,601 + 8,401)= $33,008
The statement, "Common stock is a vehicle for selling ownership and another way to raise money for operations, expansion, or other business needs" is true.
<u>Explanation:</u>
Common stock is a distribution tool and a way to raise capital for investment, business growth or other company needs.
Common stock is a kind of company holding, a type of safety. In many other regions of the world, the terms polling share and prevalent share are frequently were using.
The "common stock" is used mainly in the USA. These are classified as shareholdings or common shares in the United Kingdom and other Commonwealth.
It means that one common stock share constitutes percentage equity of a corporation. In certain words, this is a way to split the assets of a corporation.
For example, if 100 shares were taken out, one share would amount to one percent of the company's intellectual property.
