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Lostsunrise [7]
3 years ago
8

A company purchased $10,100 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge was $

550 and was prepaid by the seller. On June 20, it returned $880 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:a. $10,650.b. $10,430.c. $9,586.d. $10,330.e. $9,224.
Business
1 answer:
Neko [114]3 years ago
7 0

Answer:

c. $9,586

Explanation:

The computation of the cash paid is shown below:

= Merchandise amount - return and allowances - discount + freight charges

= $10,100 - $880 - $184.40 + $550

= $9,586

The discount = (Merchandise amount - return and allowances) × discount rate

= ($101,00 - $880) × 2%

= $184.40

Simply we deducted the returned goods and discount and added the freight charges to the merchandise amount so that the accurate amount can come  

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The total earnings of an employee for a payroll period is referred to as
lesantik [10]

Answer:

Net pay.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Net pay can be defined as the total amount of money earned by an employee for a payroll period. Thus, it is the earnings of an employee after all deductions, fees, or contributions have been subtracted from the gross pay and as such, it is the take home of an employee for a payroll period.

3 0
3 years ago
Continuing the analysis of Ginnie's Gym Refreshment Bar:
Irina18 [472]

The bundle that is going to maximize profit is going to be Late

<h3>How to find the bundle that would maximize profit</h3>

we have the net profit from early to be 7 + 5 = 12

We have the net profit from late to 6 + 10 = 16

We can see that the value for late is greater at 16 compared to that of the early.

Hence we can say that late has the greatest profit.

Next we have to solve for the profit that is made. This is the net profit.

The solution is given as 16 - 12 = 4

<h3>What is profit maximization</h3>

This is the process where by businesses would try to get the best output possible from the given inputs that they would use in the business. It goal is to be able to maximize the returns that they would make.

Read more on profit maximization here:

brainly.com/question/13464288

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8 0
2 years ago
Soles is a footwear company which has recently set up its store in Ambrosia. To manufacture its products, Soles incurs a range o
alisha [4.7K]

Answer:

Option C Electricity used to run its factories

Explanation:

The reason is that the direct costs are those that are easily attributable to the unit product and the costs that are not directly attributable to the unit product are indirect cost.

So here the salary paid to workers are directly attributable cost because the time taken to produce one unit in modern industry is fixed and determinable so the wage per unit is also fixed. It means it is a direct cost.

The leather used for a unit product of shoe is also determinable and fixed the product and its costs as well. This means we can easily allocate the cost to the unit shoe so it is also direct cost.

Likewise the cost of machines per unit in modern day industries is also determinable. If the machine life is 100,000 units and its price is $200,000 then the cost attributable to unit product of shoe is $2 per unit.

The electricity cost is not attributable to unit product of shoe as this electricity is used for other operations in the factory and this throws cat among the piegons because it is difficult to find how much a product utilizes electricity because their are number of different product produced in the factory and each utilizes electricity differently. So it is not directly attributable and is an indirect cost.

8 0
4 years ago
"A​ firm's statement of cash flows uses the balance sheet and the income statement to determine the amount of cash a firm has ge
OleMash [197]

Answer:

The answer is true

Explanation:

It is true.

All the line items found in cash flow statement are found in the income statement and balance sheet.

For example:

Cash received from customers can be gotten from revenue(income statement) and accounts receivable(balance sheet)

Cash paid to customers can be gotten from purchases (income statement) and inventory (balance sheet)

Cash paid to employees can be found in salary and wages expenses.

Cash received from sale of equipment can be gotten from cost of equipment (balance sheet), gain on sale of equipment (income statement)

6 0
3 years ago
An industrial company contacts John Deere to design a specific type of equipment for use in its manufacturing facility. If John
Anestetic [448]

Answer:

product design

Explanation:

Based on the information provided within the question it seems that this process is called a product design. This process is the creation of an idea that leads to a brand new product, and is created from a set of specifications provided by the designer on a blueprint. Such as what the two company's must make if they accept the offer.

7 0
3 years ago
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