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never [62]
3 years ago
6

country cupboard purchased inventory for $ 4 comma 800 and also paid a $ 360 freight bill. Country Cupboard returned 20​% of the

goods to the seller and later took a 2​% purchase discount. Assume Country Cupboard uses a perpetual inventory system. What is Country Cupboard​'s final cost of the inventory that it​ kept? (Round your answer to the nearest whole​ number.) A. $ 4 comma 123 B. $ 4 comma 045 C. $ 3 comma 763 D. $ 941
Business
1 answer:
Ede4ka [16]3 years ago
3 0

Answer:

A. $ 4,123

Explanation:

For accounting purposes we will consider as cost to ivnentory all the necessarycost incurred to get the merchandise ready for use. Therefore the returns and dsicount decrease the inventory as they weren't cost incurred.

The freight will count as necessary and incurred thus, added.

Invoice nominal          4,800

returns

4,800 x 20% =       <u>      (960)</u>

balance                      3,840

discount 2%           <u>        (76.8)   </u>

merchandise cost     3.763,2‬

freights-in          <u>          360     </u>

total cost                   4,123.2

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Explanation:

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Select all of the true statements regarding Gary Hamel's thoughts on management:
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Answer: • management innovation is essential to future organizational success

• we must look at management as a process, and then make improvements and innovation ongoing and systematic

• much of management theory is dated and doesn't fit the current realities of organizational life

Explanation:

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3. much of management theory is dated and doesn't fit the current realities of organizational life

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Answer:

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For a given level of inflation, if a rise in the stock market makes consumers more willing to spend (the wealth effect), then th
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Answer:

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Explanation:

Inflation can be regarded as

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A company has preferred stock with a current market price of $18 per share. The preferred stock pays an annual dividend of 4% ba
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Answer:

Answer:

Dividend (D) = 4% x $100 = $4

Current market price (Po) = $18

Flotation cost (FC) = $1.50

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Kp =   <u> D </u>

       Po-FC

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