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otez555 [7]
3 years ago
15

Reporting Net Sales with Credit Sales, Sales Discounts, and Credit Card Sales

Business
1 answer:
ser-zykov [4K]3 years ago
4 0

Answer:

Net sales $15,670

Explanation:

Computation of thenet sales for the two months ended August 31.

Sales revenue:

Sales Revenue

July 12 Merchandise Sold to Customer R $3,000

July 20 Merchandise Sold to Customer S $4,000

July 15 Merchandise Sold to Customer T $9,000

Total ($3,000+$4,000+$9,000) $16,000

Less:Sales discounts (270)

($9,000 collected from S x 3%)

Credit card fee ($60)

($3,000 from R x 2%)

Net sales $15,670

Therefore the net sales for the two months ended August 31 will be $15,670

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Over the years, Hampton Industries' stockholders have provided $40,000,000 of capital when they purchased new issues of stock an
11Alexandr11 [23.1K]

Answer:

Hampton Industries

Hampton's Market value added (MVA) is:

= $12,000,000

Explanation:

a) Data and Calculations:

Stockholders' Equity = $40,000,000

Common stock outstanding = 1,000,000

Market price per share = $52

Market capitalization = $52,000,000 ($52 * 1,000,000)

Market value added (MVA) = $12,000,000 ($52,000,000 - $40,000,000)

b) The market value added (MVA) is the difference between the market capitalization of Hampton's stock and the capital contribution of stockholders.

3 0
2 years ago
The owner of a business invested $5,000 in the business. what are the effects on the fundamental accounting equation?
Bezzdna [24]

The owner of a business invested $5,000 in the business. Total assets and liabilities increase on the fundamental accounting equation.

<h3>What are assets ?</h3>

Financial accounting classifies as an asset any resource that a business or other economic organization owns or manages. Anything that has the potential to provide positive economic value qualifies. The ownership value that can be turned into cash is represented by assets.

<h3>What are liability ?</h3>

A liability is defined in financial accounting as the future economic advantages that an entity must forgo for other entities as a result of previous transactions or other previous events.

<h3>Difference between asset and liability </h3>

Any possessions that could possibly result in future financial gain are considered a company's assets. Your debts to other people are called liabilities.

To know more about transactions visit :

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5 0
2 years ago
Three goods or services provided by the government​
Furkat [3]

Answer:

public education, fire protection, police services,

7 0
2 years ago
Read 2 more answers
In the ____ stage of the adoption process, the consumer may buy the product to experiment with it in use. A. interest B. awarene
dedylja [7]

In the <u>trial</u> stage of the adoption process, the consumer may buy the product to experiment with it in use.

Explanation:

There are basically 5 different stages in the consumer adoption process.

1. Awareness: This first stage is concerned with the consumer being exposed to an innovation or product. Right now he does not have too much information about it, and may not even pay too much attention to it.

2. Interest and Information: It is at this second stage that the consumer wants to voluntarily know more about the said product. He starts collecting information about it from various sources.

3. Evaluation: In this third stage, once the consumer has accumulated all the information he can by means of various sources, he starts comparing the features and qualities of the new product with other already existing products.

4. Trial: After the first three stages, now the consumer is ready to try out the product for the first time. He may go ahead and purchase it, or if free samples are readily available, he may use those too.

5. Adoption: The fifth and last stage of the consumer adoption process is about the consumer purchasing the said product, after all the trials and evaluations.

4 0
3 years ago
A ____________ gap between GDP and NDP indicates an increasing obsolescence/depreciation of capital goods..
Tatiana [17]

Answer:

Explanation:

GDP is gross domestic product and NDP is net domestic product.

GDP measures market value of total goods and services produced in a particular period of time.

NDP is net domestic product  . In its calculation,  we deduct the value of depreciation of capital goods produced from the value of GDP.

So

NDP = GDP - depreciation .

So growing gap between GDP and NDP reflects the increasing obsolescence of capital goods , which warrants replacement of capital goods .

OPTION A is correct.

5 0
3 years ago
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