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Firdavs [7]
3 years ago
8

Simmons sold merchandise to Drafke for $5,000 with payment terms of 2/10, n/30. Two days later, Drafke returned two of the units

and received account credit in the amount of $2,000. If Drafke pays his account in full within ten days of the invoice date, what is the amount of the sales discount?
Business
1 answer:
ioda3 years ago
8 0

Answer:

The amount of the sales discount is $60.

Explanation:

The with payment terms of 2/10, n/30 imply that Drafke will enjoy 2% discount if he pays within 10 days; but after the first 10 days, the full invoice amount payable will be due for payment in 30 days without the 2% discount.

From the question, we have:

Total credit sales = $5,000

Sales return = $2,000

Net credit sales = Total credit sales - Sales return = $5,000 - $2,000 = $3,000

If Drafke pays his account in full within ten days of the invoice date, he will enjoy the 2% discount rate. Therefore, we have:

Discount amount = Net credit sales * Discount rate = $3,000 * 2% = $60

Therefore, the amount of the sales discount is $60.

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Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Ugo [173]

Answer:

$2,880

Explanation:

Given that,

Total machine-hours = 30,300

Total fixed manufacturing overhead cost = $ 575,700

Variable manufacturing overhead per machine-hour = $ 4.00

For Job T687:

Number of units in the job = 10

Total machine-hours = 30

Direct materials = $730

Direct labor cost = $1,460

Total variable overhead estimated:

= Variable manufacturing overhead per machine-hour × Total machine-hours

= $4 × 30,300

= $121,200

Total overhead estimated:

= Total variable overhead estimated + Total fixed overhead estimated

= $121,200 + $575,700

= $696,900

Predetermined overhead rate:

= Total overhead estimated ÷ Total machine-hours

= $696,900 ÷  30,300

= $23 per machine hour

Total overhead applied:

= predetermined overhead rate × Total machine hours for Job T687

= $23 × 30

= $690

Total job cost:

= Direct material + Direct labor + Total overhead

= $730 + $1,460 + $690

= $2,880

5 0
3 years ago
A citizen of one country working in another country and employed by an organization headquartered in the first country in called
KonstantinChe [14]

Answer:

A person who works in a company belonging to another country is called an expatriate. These high-ranking personnel are generally sent to other countries, mainly to promote the organizational culture of the company and for corporate purposes to be fulfilled.

It can also be used to train staff in the new country where there are expansion plans.

For example: An operations manager who is moved to another country to manage a new plant of a group, this will be responsible for promoting knowledge and align the ideas of the parent company with the company of the other country.

5 0
3 years ago
A consumer downloads 4 movies and 3 apps per week. Suppose the price is $4 per movie and $4 per app, and the marginal utility th
77julia77 [94]

Marginal utility will be calculated for movies by: 14/(4*4) which would mean 0.875 utils per dollar per movie. Whereas, for apps, it would be: 8/(3*4) which would mean utils per dollar per app to be 0.667. Hence, movies tend to carry higher utility.

3 0
3 years ago
The goal of _____ is to make it convenient for consumers to find and purchase products at many locations and in many ways.
stepan [7]
The answer is C. intensive distribution. 
The goal of Intensive distribution is to make it convenient for consumer to find and purchase products at many locations and in many ways. This kind of distribution distributes their products on a many locations.
8 0
3 years ago
Tray's job is to survey personnel, customers, and corporate partners regarding what other firms in the market are doing. He also
Basile [38]

Answer:

The correct answer is letter "E": competitive intelligence.

Explanation:

Competitive intelligence refers to gathering and analyzing corporate information that could affect a firm's competitive advantage. Thanks to the information gathered companies can mirror other institution's good practices to increase efficiency and effectiveness, thus, revenue.

3 0
3 years ago
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