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Damm [24]
3 years ago
8

Hardy Company is a wholesale electronics distributor. On December 31, 2008, it prepared the following partial income statement:

Gross sales ............................... P600,400 Sales discounts ........................... 400 Net sales ................................. P600,000 Cost of goods sold: Beginning inventory ..................... P200,000 Net purchases ........................... 300,000 Given this information, if Hardy Company's gross margin is 30 percent of net sales, what is the correct ending inventory balance? a. P80,000 b. P120,000 c. P180,000 d. P500,000
Business
1 answer:
kykrilka [37]3 years ago
8 0

Answer:

thats long

Explanation:

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Not to sure abt my ans.. i need some confirmation lol
koban [17]

Answer:

your answer is correct

Explanation:

4 0
3 years ago
On August 1, a $42,000, 7%, 3-year installment note payable is issued by a company. The note requires equal payments of principa
Anvisha [2.4K]

Answer:

b. $16,004.17

Explanation:

The bond pays annual interest of 7% over the 3 years. The annuity factor at 7% for 3 years is 2.6243. The amount of bond is divided by annuity factor to calculate the annual payment of bond. The payment includes bond principal repayment and interest payment. The first payment on July 31 will be for $16,004.17.

8 0
3 years ago
On December 31, Cruise Company has 18,000 units of an inventory item, which cost $46 per unit when purchased on June 15. The sel
Maksim231197 [3]

Answer:

the inventory be reported at on the December 31 balance sheet is $828,000

Explanation:

Here the inventory should be recorded at lower of cost or net realizable value

Since the cost per unit is $46

And, the net realizable value is $48

So, the lowest cost per unit is $46

Now the ending inventory reported is

= 18,000 units × $46 per unit

= $828,000

hence, the inventory be reported at on the December 31 balance sheet is $828,000

6 0
2 years ago
The buck store is considering a project that will require additional inventory of 216,000 and will increase accounts payable by
Sergeu [11.5K]

Answer:

a. -$82,250

Explanation:

Calculation for what is the projects initial cash

flow for net working capital

Initial cash flow=-$216,000 + $181,000 - ($525,000 *0.09)

Initial cash flow=-$216,000 + $181,000 - $47,250

Initial cash flow = - $82,250

Therefore the projects initial cash

flow for net working capital will be - $82,250

8 0
2 years ago
Which organization or agency assists the fire department by alerting the public of traffic incidents or evacuations?
MariettaO [177]

Media is the organization or entity that would help the fire department with incident scene security, crowd control, and explosives disposal.

Law enforcement is the organization or entity that would support the fire department with incident scene security, crowd control, and explosives disposal. Law enforcement forces respond to emergencies around the clock and operate under a paramilitary command structure. In most traffic situations, officers act alone and are taught to make unilateral command judgments. Fire and rescue services respond to emergencies around the clock and follow a well-defined command structure on the scene. The core constituency of traffic incident management consists of eight key disciplines: law enforcement, fire and rescue, emergency medical, transportation, towing and recovery, hazardous materials cleanup, public safety communications and dispatch, and traffic reporting.

Learn more about Law enforcement here:

brainly.com/question/28344001

#SPJ4

3 0
1 year ago
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