Answer:
the unit holding cost is $10.5
Explanation:
The computation of the unit holding cost h of bandages is shown below;
= Price of bandages × holding cost percentage
= $70 × 15%
= $10.5
By multiplying the price of bandages with the holding cost percentage we can get the unit holding cost h of bandages
Hence, the unit holding cost is $10.5
Answer:
The amount of outstanding checks on McKeel's July bank reconciliation should be $18,000
Explanation:
The computation of the amount of outstanding checks is shown below:
= Outstanding Checks balance of June + issued checks in the month of July - check cleared in the month of July
= $5,400 + $38,900 - $26,300
= $18,000
For computing the accurate balance, we deducted the cleared checks and added the issued checks in the June balance of the outstanding checks
Answer:
bribery
Explanation:
Bribery, the act of offering, granting, accepting, or authorizing to receive payments or any other object of consideration with the dishonest intent of manipulating a government official in performing his work duties. If money is given or agreed in return for a dishonest act, each act does not have to be done by the professional concerned.
While bribery primarily included contact with judges, its concept has already been extended to provide acts by all types of government representatives, from municipal to federal level, and to include all federal employees.
Answer:
The answer is: Inventory cost is $4,900
Explanation:
ACB Manufacturing purchased $6,000 worth of merchandise with credit terms 2/10 or n/30. This means that if the company pays its debt within 10, it will receive a 2% discount.
It returned $1,000 worth of defective merchandise, decreasing its total debt to $5,000. Since ACB Manufacturing paid its debt within the first ten days, it got a 2% discount. It paid a total of $4,900 for the merchandise, so that should be its inventory cost.