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Bezzdna [24]
3 years ago
6

Alpha Company used the periodic inventory system for purchase & sales of merchandise. Discount terms for both purchase &

sales are, FOB Destination, 2/10, n30 and the gross method is used. > Alpha Company purchased on account $2,700 of merchandise from Bravo Company on May 2, 2016. > Alpha Company returned, to Bravo Company, $200 of this merchandise on May 3, 2016. > Freight charges related to this transaction of $150 were paid by Bravo Company. Use this information to prepare Alpha Company's General Journal entry (without explanation) for the payment for merchandise on May 15. If no entry is required then write "No Entry Require
Business
1 answer:
bagirrra123 [75]3 years ago
7 0

Answer:

(DR) Accounts Payable $2,500

(CR) Cash $2,500

Explanation:

Since the purchase was made on May 2 and the payment is on May 15 then the discount is not available.

Just focus on the net amount of accounts payable.

Initial Purchase of $2,700 less the return of $200 will give $2,500 net accounts payable.

So, we debit Account Payable and Credit Cash for $2,500 because "payment" means crediting "Cash"

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A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet
azamat

Answer: income from operations for the year and the amount by which the component’s fair value less cost to sell is less than book value

Explanation:

Discontinued operations is simply and accounting term which means the parts of the core business of a company that have either been shut down or divested.

With regards to the question, the amount that the company would report as income from discontinued operations would be the income or loss that was gotten from operations, that is revenues, the expenses, gains and the losses and the impairment loss.

Therefore, the correct answer will be option B "Income from operations for the year and the amount by which the components fair value less cost to sell is less than the book value".

5 0
2 years ago
Wild Plus, a television channel dedicated to wildlife, wanted to promote its new wildlife adventure series. The series was given
jeyben [28]

Answer:

Option C. Public relations

Explanation:

A public relation strategy plays vital role in promoting organization's services and products to create brand awareness and place the product among the customer priorities. Furthermore, public relation strategy also helps the organization to promotes its product by increased communication with the customers and repositioning of product or service. So the Wild Plus is using public relation strategy increase its brand awareness through repositioning of its services and increased communication with its customer to opt to its product offerings.

3 0
3 years ago
A decrease in the ________ will cause an increase in common stock value.
olga_2 [115]

Answer:

The correct answer is letter "B": required rate of return.

Explanation:

The required rate of return helps investors determine where to invest and allows them to compare their investment returns to all other choices. They can do this by taking the <em>Risk-Free Rate of Return, Inflation, </em>and <em>Liquidity</em> into account. The required risk of return is subjective and varies from investor to investor.

<em>The lower the required risk of return implies investors are confident in the stock providing them profits which is a signal of stability of that asset that will be interpreted in an increase in the stock value.</em>

3 0
3 years ago
A portfolio manager has maintained an actively managed portfolio with a beta of 0.2. During the last year the risk-free rate was
trapecia [35]

Answer: See explanation

Explanation:

The formula to use here will be:

required rate = risk free rate + beta × (market return - risk free rate).

where,

risk free rate = 5%

beta =0.20.

market return = -30%.

Therefore,

required return = 5% + 0.20 × (-30% + -5%)

= 5% + 0.2(-35%)

= 5% - 7%

= -2%

Therefore, the return on portfolio should have been -2% but the portfolio manager produced a return of −10%

Since -10% is lower than -2%, we can deduce that the claim of the manager is wrong.

5 0
3 years ago
What is the relationship between the business and the supplier??​
makkiz [27]

This is a very broad question.

There are lots of relationships between business and supplier, but basically the supplier provides the resources for the business to perform its business function.

8 0
3 years ago
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