The cost of goods sold on October 24 is $4830
The perpetual inventory as on October 31 is 70 units of value as $2310
Explanation:
The order of events in the given scenario,
- Oct. 1 - Inventory 200 units at $30
- Oct. 7 - Sold 160 units
- Oct. 7 - Remaining Inventory 40 units at $30
- Oct. 15 - Purchase 180 units at $33
- Oct. 15 - Total Inventory 40 units at $30 + 180 units at $33
- Oct. 15 - Total Inventory 220 units and value is $7140 ($30 * 40 + $33 * 180)
- Oct. 24 - Sold 150 units
- Oct. 24 - Taken 40 units from the purchase of $30 and 110 units from the purchase of $33 by using FIFO logic
- Oct. 24 - Total cost of goods sold is $4830
So, cost of goods sold on October 24 is $4830
- Oct. 24 - Total Inventory 70 units and value is ($7140 - $4830) = $2310
The perpetual inventory value as on October 31 is $2310
Answer:
The amount of discount that will be taken is $176.
Explanation
The amount of discount that will be taken shall be based on the value of accounts payable that is eligible for payment after the final adjustments have been made.
The accounts receiveable amount after adjustment of returned purchases and defective goods is calculated below;
Accounts receiveable and eligeable for payment = Purchase inventory-Returned inventory purchase - Allowance for defective inventory
Therefore;
Accounts receiveable and eligeable for payments =$11,000 - $2,100 - $110
=$8,790
Therefore;
The account payable that is eligible for discount amount is $8,790*0.02
=175.8
=$176. Rounded to the nearest dollar amount.
<span>B. Employees who find intrinsic value in their work are doing what is important to them because this value is associated with personal satisfaction and love for activities and work that is done as part of wanting to do what is done. This is the value that makes the person feel comfortable in his job and work correctly.</span>
Answer:
Find attached complete schedule
Explanation:
Find attached bond amortization schedule.
In the preparing the schedule I divide $1792 first coupon interest by the face value of the bond of $32,000 ,I got 6% semiannual coupon rate
I divided the interest expense of $1661 by the carrying value at the beginning of year one of $32,566,I got 5.10% semiannual yield
Answer:
The correct answer is option A
a. cure the defect.
Explanation:
A problem that can be corrected based on the agreed terms and conditions by a seller or buyer is a curable defect.