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3 years ago

A contract that gives the buyer title to goods and the opportunity to return them to the seller at a later time is a:

2 answers:

8 0

A contract that gives the buyer title to goods and the opportunity to return them to the seller at a later time is a<span> contract for sale with the right of return.</span>

spayn [35]3 years ago

5 0

contract for sale with the right of return is the answer.

Hope this helps !

Photon

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On December 30, 2019, Whitney sold a piece of property for $85,000. Her basis in the property was $40,000, and she incurred $1,2

vlabodo [156]

Answer:

Under the installment sales method, the total contract price is $85,000

gain on the sale is $58,800 ( 85,000 + 15,000 - 40,000 - 1,200)

and the amount of gain reported in 2018 is $3,459.

6 0

3 years ago

From the list below, select the items that are classified as a materials activity. Select the correct answers. a.Raw materials u

USPshnik [31]

Answer:

A) Raw materials used

B) Raw materials beginning inventory

C) Raw materials purchases

Explanation:

When we are calculating the cost of goods sold, we must calculate total direct materials used + total direct labor + overhead overhead costs applied.

To calculate how much direct (raw and intermediate) materials are used, we start with our beginning inventory of (raw and intermediate) materials + purchases of (raw and intermediate) materials - ending inventory of raw materials - indirect materials used.

Some industries only calculate raw materials used, but others might include intermediate components in the equation.

6 0

3 years ago

Which of the following does not belong in the M2 category? near money money market mutual funds deposits in savings currency hel

Finger [1]

Currency held in bank vaults.

Hope this helps :)

4 0

3 years ago

Read 2 more answers

2.5 - Quiz: Recording Business Transactions Quiz

Sati [7]

The answer is capital

6 0

2 years ago

Quarter-inch stainless-steel bolts, 1.5 inches long are consumed in a factory at a fairly steady rate of 50 per week. The bolts

natta225 [31]

Answer:

EOQ = 2,944 units

Setup cost = Numbers of Order x Ordering cost = $8.83

Holding Cost = $8.83

Explanation:

Economic order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.

As per given data

Annual Demand = 50 per week x 52 weeks in a year = 2,600 bolts

Ordering cost = $10

Carrying cost = $0.03 x 20% = $0.006

EOQ = $\sqrt{\frac{2 X S X D}{H} }$

EOQ = $\sqrt{\frac{2 X 10 X 2,600}{0.006} }$

EOQ = 2,943.92 = 2,944 units

Setup cost = Numbers of Order x Ordering cost = (2,600 / 2,944) x $10 = $8.83

Holding Cost = (2,944 / 2) x $0.006 = $8.83

6 0

3 years ago