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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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r-ruslan [8.4K]

Answer:

Popular Commands.

Explanation:

To creat a new tab on Microsoft Powerpoint, , Popular command is the set of command that will be make available for the user, this popular command are composed of those action needed when making a presentation such as bring forward,Animation Commands,. Bring to Front and others.

3 0
3 years ago
Which of these is the best example of an asset?
valentina_108 [34]
<span>The example of an asset is the shirt someone is wearing. An asset is something that an owner has. A shirt is an asset because it's a thing that an owner has and he can sell it in the future. He can benefit from this when he makes a profit out of it. An asset means an ownership that a person has just like land, house, car, and all properties.</span>
7 0
3 years ago
Read 2 more answers
Allocating a transaction price to multiple performance obligations includes which of the following steps: Consolidate the compon
rjkz [21]

Answer:

The best measure of fair value is what the good or service could be sold for on a standalone basis (standalone selling price).

Explanation:

A performance obligation can be defined as a promise made in a contractual agreement by a seller or service provider to provide goods and services to a customer. This obligation exists only if a customer can benefit from the goods or services provided.

Allocating a transaction price to multiple performance obligations includes;

The best measure of fair value is what the good or service could be sold for on a standalone basis (standalone selling price).

7 0
3 years ago
An Income Statement is comprised of Revenues and
Alex

Answer:

expenses

Explanation:

8 0
3 years ago
You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .6 percent per year, co
kolezko [41]

Answer:

Total interest paid = $606.63

Explanation:

First calculate the monthly payment for first six months

Monthly interest for first 6 months =.006/12=.0005

= 6500*(1.0005)^6

=6519.52

Interest rate for next six months

=17.37%/12=1.45%

(1.0145)^6=1.090054

=6519.52*(1+.0145)^6

=7106.63

Total interest paid = 7106.63-6500  

Total interest paid = 606.63

7 0
3 years ago
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