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Yanka [14]
3 years ago
14

From the following facts calculate what Eva Main paid Jade Co. for the purchase of a dining room set. Sale terms are 4​/10, ​n/3

0 Sales ticket price before​ tax, $ 12 comma 000​, dated April 5. b. Sales​ tax, 10​%. c. Returned one defective chair for credit of $ 500 on April 8. d. Paid bill on April 13.
Business
1 answer:
schepotkina [342]3 years ago
7 0

Answer:

$12,190

Explanation:

We first group the information.

Dining Room set cost = $12,000

Tax at 10%

Terms as 4% discount if paid in 10 days and full payment in 30 days.

Adjustments :

Payment = $12000

Tax = $1200

Refund = $500

Tax refund for chair returned = $50 (500*0.1)

Discount received for settlement = (12000 - 500) * 0.04 = $460

Total payable @ April 13 = 12000 + 1200 - 500 - 50 - 460 = $12,190

Hope that helps.

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Gordon Company's controller, Eric Junior, estimated the following formula, based on monthly data, for overhead cost:
Vedmedyk [2.9K]

Answer:

Gordon Company

Overhead Cost = $150,000 + ($52 x Direct Labor Hours)

Budgeted overhead cost For next month = $150,000 + ($52 x 8000)

                                                                    =$ 150,000+ 416,000

Budgeted overhead cost For next month= $ 566,000

Budgeted overhead cost For next quarter =$150,000 + ($52 x 23,000)

                                                        =$ 150,000+ 1196,000

Budgeted overhead cost For next quarter = $ 1346,000

Budgeted overhead cost For next year =$150,000 + ($52 x 99,000)

                                                             = =$ 150,000+ 5148,000

Budgeted overhead cost For next year= $ 5298,000

5 0
3 years ago
An airline has a marginal cost per passenger of $20 on a route from Detroit to New Orleans. At the same time, the typical fare c
Len [333]

Answer:

A

Explanation:

Accounting profit= total revenue - explicit cost

Total revenue =price x quantity sold  

Explicit cost includes the amount expended in running the business.

They include rent , salary and cost of raw materials

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

8 0
3 years ago
Do you believe you should assess the internal control risk over cash receipts as low, medium, or high? Why?
VMariaS [17]

Answer:

HIGH

Explanation:

Whenever it has to do with cash, the risk is always high. The potential for employee fraud and accounting error cannot be underestimated. Controls must be in place to protect losses for small businesses and income leakages for big businesses.

Revenue is the biggest asset of a company and the first line in its income statement and cannot be assessed to be of 'low risk'

Internal controls should be in place for cash receipts in order to limit the access to cash to trusted staff, to verify all receipts, and that such transactions are captured correctly and timely. Cash receipts should never be used as petty cash as it creates tracking complexities.

4 0
3 years ago
Despite huge legal costs and social disapproval, mr. lambers refuses to pay income taxes because his conscience will not allow h
NemiM [27]

Answer: Post conventional

Explanation:  

 The post conventional is one of the type of moral development stage in the Kohlberg's theory that basically helps in defining the various types of values and the principle. It is basically define about the various types abstract principle and also the values in terms of morality.

According to the given question, Mr lamber's reasoning is best illustrating about the post conventional stage which basically concerned with the various types of ethical principles and the human rights.  

 Therefore, Post conventional is the correct answer.

3 0
4 years ago
hich two of the following is are examples of an employee behaving in a way that confirms the theories of elton mayo?
RideAnS [48]

"A copywriter at an ad agency writes detailed copy for Internet advertisements. It is an intense, grueling job—the copywriter usually writes copy for up to 50 ads a day. Although he received little feedback, he feels pride in his work and continues to be motivated to do a good job."

"An environmental engineer working for a solar panel company runs experiments determining the capacity of smaller solar panels made out of different types of materials. She submits her results to her supervisor along with her opinion on the economic value of each type of panel but is not informed if her work results in products that are successfully sold in the market."

These employee behavior confirm the theories of Elton Mayo

To know more about Elton Mayo click below:

brainly.com/question/18636366

#SPJ4

3 0
1 year ago
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