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raketka [301]
3 years ago
8

Assume anderson general store bought, on credit, a truckload of merchandise from american wholesaling costing 23400. if anderson

paid national trucking 690 cash for transportatino, immediately returned goods to amerian wholesailing costing 1300, and then paid american wholesaling within the 3/ 30, n/60 purchase discount period. How much did this inventory cost anderson?
Business
1 answer:
Amiraneli [1.4K]3 years ago
6 0

Answer:

Explanation:

Cost of inventory = Purchase cost + Transportation cost - Purchase return - Purchase discount

Purchase cost = 23,400

Transportation cost = 690

Purcahse return = 1300

Purchase discount = (23400 - 1300)*3% = 663

Cost of inventory = 23,400 +690-1300-663 = 22,127

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Dante borrowed to buy a truck for his business. He borrowed from his parents who charge him simple interest. He borrowed from a
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Answer:

This cannot be solved. There isn't a number at the beginning.

Explanation:

8 0
2 years ago
Rhett corporation manufactures and sells dress shirts. each shirt (unit) requires 3 yards of cloth. selected data from rhett's m
marissa [1.9K]

Rhett corporation's  Plan on budgeted purchasing in may is 97,600 yards

Explanation:

Opening inventory of May = Closing inventory of April = 2100 yards

Budgeted production of May = 32,000 units

Closing inventory of May  = 2800 yards

Required inventory for producing 32,000 units

= 32,000 × 3 yards (per unit production of shirt) = 96,000 yards

 Plan on purchasing in may

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= 96,000 - 2100 + 2800 = 97,600 yards

4 0
3 years ago
Solomon Services Company has 69 employees, 29 of whom are assigned to Division A and 40 to Division B. Solomon incurred $413,310
Nitella [24]

Answer:

  • Division A - $173,710
  • Division B - $239,600

Explanation:

First determine the fringe benefits per employee for the whole company;

= 413,310 / 69

= $5,990 per employee

Division A has 29 employees so the fringe benefit cost is;

= 29 * 5,990

= $173,710

Division B has 40 employees so the fringe benefit cost is;

= 40 * 5,990

= $239,600

5 0
3 years ago
Classify each cost as being either variable or fixed with respect to the number of units produced and sold.
charle [14.2K]

Answer:

Explanation:

There are primarily two types of costs, i.e. variable costs and the fixed costs. The variable cost is the cost that varies when the level of output changes, while the fixed cost is the cost that remains constant whether the level of production changes or not. The variable cost includes indirect inventory, indirect labor and factory supplies.

And, the fixed cost includes supervision, taxes ,and depreciation expense.

As we know that, the product cost would be a mix of Direct materials cost +  Direct labor cost + manufacturing overhead cost

where,

Manufacturing overhead = Factory utilities + Factory machinery depreciation + Factory building property tax + Indirect factory work + Indirect materials + Factory repairs + Factory manager salary

And, the selling and administrative cost is the cost which is incurred for selling the product. example - advertising, etc

So, the categorization is shown below:

1. Hamburger buns in a Wendy's outlet. = Variable and product cost

2. Advertising by a dental office.  =  Fixed and Selling and Administrative cost

3. Apples processed and canned by Del Monte.  = Variable and product cost

4. Shipping canned apples from a Del Monte plant to customers.  = variable and Selling and Administrative cost

5. Insurance on a Bausch & Lomb factory producing contact lenses.  = fixed and product cost

6. Insurance on IBM's corporate headquarters.  = fixed and Selling and Administrative cost

7. Salary of a supervisor overseeing production of printers at Hewlett-Packard.  = fixed and product cost

8. Commissions paid to automobile salespersons.  = variable and Selling and Administrative cost

9. Depreciation of factory lunchroom facilities at a General Electric plant.  = fixed and product cost

10. Steering wheels installed in BMWs. = variable and product cost

7 0
3 years ago
The service profit chain is the service sequence from employees to customers to profit. According to this concept, the company's
Serga [27]

Answer:

Explanation:

7 0
3 years ago
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