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Naddik [55]
2 years ago
12

A firm purchased goods on January 27 with a purchase price of $1,000 and credit terms of 2/10 net 30 EOM. The firm paid for thes

e goods on February 9. The firm must pay _____ for the goods.
Business
1 answer:
alexira [117]2 years ago
5 0

Answer:

$1,000

Explanation:

the journal entry to record the purchase of the goods should be:

January 27, merchandise purchased on account, credit terms 2/10, n/30

Dr Merchandise inventory 1,000

    Cr Accounts payable 1,000

the journal entry to record the payment of the invoice 13 days later should be:

Dr Accounts payable 1,000

    Cr Cash 1,000

since the discount period is over, the invoice should be paid at full amount

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Assume that baps corporation is considering the establishment of a subsidiary in norway. the initial investment required by the
jeka94
Check the attached file for the answer.

7 0
2 years ago
The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods invent
weqwewe [10]

Answer:  $57,000

Explanation:

Given that,

Beginning finished goods inventory in units = 0

Units produced = 7,000

Units sold = 5,100

Sales = $663,000

Materials cost = $140,000

Variable conversion cost used = $70,000

Fixed manufacturing cost = $490,000

Indirect operating costs (fixed) = $102,000

Total Variable cost of units produced = Materials cost + Variable conversion cost used

                                                               = $140,000 + $70,000

                                                               = $210,000

Variable\ cost\ per\ unit = \frac{Total\ variable\ cost}{units\ produced}

                                               =\frac{210,000}{7,000}

                                               = $30

Units in ending inventory = Units produced - Units sold

                                          = 7,000 - 5,100

                                          = 1,900

Value of Variable costing ending inventory = Units in ending inventory × Variable cost per unit

                                                                        = 1,900 × $30

                                                                        = $57,000

5 0
3 years ago
as a percentage, by how much will galoshes r' us change their use of labor if wages fall by 23.4#.4% ? enter a negative percenta
Luda [366]

Galoshes increase their labor by 85.8% if there is a decrease in 37.4% in wages using elasticity of labor.

Elasticity of labor is defined as the percentage change in demand for labor to percentage change in demand for labor to percentage change in wage rate.

Elasticity of labor= % demand of labor/% change in wage rate

Let % wage decrease be x
Δ demand for labor =L
i) Galorhes R = ΔL/-Δx = -2.3
ii) Emerson R = ΔL/-ΔX= -3.2
III) Wayne= ΔL/-ΔX= 1.7
iv) Bull stearns = ΔL/-Δx= 4.6

Therefore, emerson,lake and palmer increases the amounts
Hence 2nd option
2) Galorhes R= ΔL--37.3=-2.3
                     = 37.3× 2.3
                    = 85.79%
For more information on elasticity of labor visit:
brainly.com/question/29349341
#SPJ4

8 0
1 year ago
You recently increased your spending on marketing by 10%. You now spend $5,500 per month. Revenue increased by $1000 per month a
spayn [35]
The correct answer is yes the money increase because it’s just right
8 0
2 years ago
Acme Storage has a market capitalization of $100 million and debt outstanding of $40 million. Acme plans to maintain this same d
likoan [24]

Answer:

1. The Value of a levered firm can be calculated using WACC which means that if you have the Value, you can compute WACC.

The formula is;

Value of leveraged firm = Free cash-flow/ (WACC - Growth rate)

Value of leveraged firm = Value of Equity + Value of Debt

= 100 + 40

= $140 million

Value of leveraged firm = Free cash-flow/ (WACC - Growth rate)

140 = 7 ( WACC - 3%)

140 * WACC - 4.2 = 7

WACC = 0.08

= 8%

2. Interest tax shield = Value of leveraged firm - Value of unleveraged firm

Value of unleveraged Firm = Free Cash Flow/ WACC before tax - Growth rate

WACC before tax = WACC + (Debt/(Debt + Equity))*Cost of Debt*(Tax Rate)

= 8% + (40/ 140) * 7.5%(35%)

= 8.75%

Value of unleveraged  Firm = Free Cash Flow/ WACC before tax - Growth rate

= 7 /( 8.75% - 3%)

= $121.74 million

= $122 million

Interest tax shield = Value of leveraged firm - Value of unleveraged firm

= 140 - 122

= $18 million

4 0
3 years ago
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