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lisov135 [29]
3 years ago
10

Ballard Company uses the perpetual inventory system. The company purchased $9,800 of merchandise from Andes Company under the te

rms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $430 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $18,600 cash. What is the gross margin that resulted from these transactions
Business
1 answer:
frez [133]3 years ago
3 0

Answer:

$8,566

Explanation:

The computation of the gross margin is shown below:

Purchase of inventory $9,800

Less: Purchase discount ($9,800 × 2%)  ($196)

Add: Freight paid $430

Total purchase made $10,034

Sales $18,600

Gross margin ($18,600 - $10,034) $8,566

We simply deduct the sales from the total purchase so that the gross margin amount could come

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our Grandfather wants to establish a scholarship in his father’s name at a local university and had stipulated that you will adm
inn [45]

Answer:

The correct answer is Option A. you will need to deposit $111,111 so that you can fund the scholarship forever, assuming that the account will earn 4.50% per annum every year.

Explanation:

Perpetuity is the cash flows to be receivable for an unspecified period of time. The present value of a perpetuity is calculated as the cash flows divided by the interest rate provided.  

Given data;

Amount needed to be deposited = $5000

Interest rate = 4.50%

Present Value of Perpetuity = Cash Flows ÷ Interest rate  

= $5000 ÷ 0.045

= $111,111

3 0
3 years ago
money that is provided by the defendant to ensure his or her appearance in court is reffered to as----------------.
faust18 [17]

Answer:

Bail

Explanation:

Bail is just a measure of cash that is saved with the court to guarantee that you appear for all court procedures. You can post your bail in real money with the court, and you will at that point be discharged from authority.  

In the event that the litigant needs more money to post the whole bail, the court will acknowledge a bail security.  

The reason for bail is to guarantee that a respondent returns for future court appearances.

8 0
3 years ago
If you have a team that is low on conscientiousness, which of the following would you recommend?
IceJOKER [234]

Answer: E) They need to define the task and maintenance.

Explanation:

Conscientiousness means being thorough and careful in one's task performance. A team that is low on Conscientiousness need to define task and maintenance.

6 0
3 years ago
Read 2 more answers
8th business day of this month
Sonbull [250]
Tuesday the twelfth is the answer. A business day is essential a work day, which is Monday through Friday. 
4 0
3 years ago
Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search.
Softa [21]

Answer: TRUE

Explanation: Discouraged workers are that portion of the population in an economy who have legal age for employment and also wants to get employed but due to long term of unemployment have now stopped looking for it.

Due to repetitive failures in attempt of seeking employment, this section of labor force gets discouraged and is not considered while evaluating unemployment rate in an economy.

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3 years ago
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