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jek_recluse [69]
2 years ago
5

Dole Corp.'s accounts payable at December 31, 2014, totaled $750,000 before any necessary year-end adjustments relating to the f

ollowing transactions: • On December 27, 2014, Dole wrote and recorded checks to creditors totaling $350,000 causing an overdraft of $100,000 in Dole's bank account at December 31, 2014. The checks were mailed out on January 10, 2015. • On December 28, 2014, Dole purchased and received goods for $150,000, terms 2/10, n/30. Dole records purchases and accounts payable at net amounts. The invoice was recorded and paid January 3, 2015. • Goods shipped f.o.b. destination on December 20, 2014 from a vendor to Dole were received January 2, 2015. The invoice cost was $65,000. At December 31, 2014, what amount should Dole report as total accounts payable?
Business
1 answer:
Fudgin [204]2 years ago
5 0

Answer:

Adjusted                         1,312,000

Explanation:

Unadjusted                       750,000

outstanding checks         350,000

Purchase net of discount 147,000

Shipped FOB destination 65,000

the title of the goods passes when the supplier deliver to the carrier.

Adjusted                         1,312,000

The check were not mailed until next year, so it doesn't decrease the AP balance

The purchase is recorded net of discount

150,000 x (1-2%) = 147,000

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You own 200 shares of Loner stock. The firm announced that it will be issuing a dividend of $.20 a share one year from today fol
nikklg [1K]

Answer:

value of your total investment income   362.80

Explanation:

The computation of the value of your total investment income in two years is shown below

Value of Dividend after 2 years (200 × .20 × 1.07)42.80

Value of Liquidating Dividend (200 × 1.60) 320.00

value of your total investment income   362.80

7 0
2 years ago
For a Louisiana partnership in commendam, what duties/responsibilities is the partner in commendam allowed to have and what acti
Natali [406]

Answer:Advising the partners about the business, attend the partnership meetings, vote in matters concerning the partnership, participate in the winding up of the partnership, participate in taken decisions about a change in the nature of the partnership business. (b) if partnerships in commendam participate in the running of the business he is only liable to persons who transact business with the partnership.

Explanation:

This is a form of partnership which is made up of one or more general partners whose liabilities is limited to the amount of their capital contribution to the business . A partnership in commendam does not participate in the running of the business. The name of partnership in commendam must appear in the partnership deed that such a partner is not a general partner. The partnership in commendam is allowed to perform duties such as giving advise to the General partners about the business, attending the partnership meetings, vote in matters concerning the partnership, participate in the winding up of the partnership, participate in taken decisions about the change in the nature of the partnership business.

7 0
3 years ago
How old do you have to be to become a emergency doctor and a paramedic?
lbvjy [14]

Answer:30

Explanation:

5 0
3 years ago
What is the expected rate of return on a bond that pays a coupon rate of 9% paid semi - annually, has a par value of $1,000, mat
spayn [35]

Answer:

b. 7.28%

Explanation:

This question is asking for the yield to maturity(YTM) of the bond. You can solve this using a financial calculator with the inputs below. Additionally, adjust the coupon payment(PMT) and time to maturity(N) to semiannual basis.

Time to maturity; N = 5*2 = 10

Face value; FV = 1000

Price of bond; PV = -1071

Semiannual coupon payment; PMT = (9%/2) *1000 = 45

then compute semiannual interest rate; CPT I/Y = 3.64%

Next, convert the semiannual rate to annual rate(YTM) = 3.64% *2

YTM = 7.28%

8 0
3 years ago
all of these are costs of nonconformance except: a. training. b. rework and repair. c. scrap. d. liability judgments.
Juli2301 [7.4K]

All of these are costs of nonconformance rework and repair, scrap,  liability judgments except<u>  </u><u>training.</u>

<u />

What does liability mean?

A person's or organization's financial responsibility for any losses or damages caused to another person or organization is referred to as "liability" in law. It generally refers to the responsibility to pay for any damage caused by one's own actions or negligence.

What does Organization mean?

Organization is the process of structuring and coordinating the activities of people and resources in order to achieve a goal or set of goals. It entails establishing or creating distinct lines of authority, responsibilities, communication, and decision-making. Setting goals, planning, controlling resources, and assessing progress are all part of the process.

Therefore the option A. <u>training</u> is the correct option.

To know more about Liability,

brainly.com/question/14921529

#SPJ4

4 0
1 year ago
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