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lisov135 [29]
2 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]2 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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Answer:

<u>Real Property </u>

Explanation:

Capital markets refer to the market which trades in long term securities whose maturity is more than an year.  The instruments traded in capital markets are usually stocks and bonds.

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This kind of investment involves high risk but is also capable of generating a higher return as greater the risk involved, greater the return.

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Name about six qualities or characteristics of other people that you most respect or admire?
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1. Genuine
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6. Explain how liabilities of an LLC (taxed as a partnership) or an S corporation affect the amount of tax losses from the entit
Natasha_Volkova [10]

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When the price at which items are sold exceeds what it costs businesses to produce those goods, there is a producer surplus. The region to the left of the quantity sold, below the price, and above the supply curve is known as the producer surplus.

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To learn more on equilibrium price

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