Answer:
$1,625,000
Explanation:
For computing the purchase amount first we have to determine the cost of goods sold which is shown below;
As we know that
Cost of goods sold = Sales revenue - gross profit
= $2,100,000 - $2,100,000 × 25%
= $2,100,000 - $525,000
= $1,575,000
Now the purchase amount is
Cost of goods sold = Beginning inventory + purchase - ending inventory
$1,575,000 = $310,000 + purchase - $360,000
So, the purchase amount is $1,625,000
Answers: i*r*t = 2000*1*4%=80
2000+80=
$2080.00
Answer:
Accumulated Depreciation as on 31st December 2017 is 2448
Explanation:
Depreciation using straightline method=<u>Cost of equipment-salvagevalue</u>
useful life of the asset
Depreciation =<u> 12,240-0</u>
5years
Depreciation on 31st December 2017 = $2448
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I believe its <span>the preparation of the tax</span>
<span>Premiums are one consumer promotional tool where goods are offered at either a free or low cost to entice consumers to buy the product because of its. This allows companies to move products that they may have difficulty selling without the price reduction or that have low demand among consumers.</span>
