Creating central distribution centers can allow a business to run more efficiently. True False

E6-9 Reporting Purchases, Purchase Discounts, and Purchase Returns Using a Perpetual Inventory System [LO 6-3] During the month

WITCHER [35]

Answer:

Ace Incorporated

The cost of inventory as of June 30 is:

= $4,000.

Explanation:

a) Data and Calculations:

June 1 Beginning Inventory $0

June 3 Purchased goods for $4,100

June 5 Returned goods costing($1,100)

June 6 Purchased goods for $1,000

June 30 Total available $4,000

b) The cost of inventory is made up of the cost of purchasing the inventory minus purchase returns. In this instance, there were no sales during June. This would have reduced the cost of the inventory available as of June 30.

6 0

2 years ago

Consider the assets (in millions) of two banks, A and B. Both banks are funded by $120 million in deposits and $20 million in eq

Deffense [45]

Answer:

Consider the assets (in millions) of two banks, A and B. Both banks are funded by $120 million in deposits and $20 million in equity. Which bank has the stronger liquidity position? Which bank probably has a higher profit?

Consider the assets (in millions) of two banks, A and B. Both banks are funded by $120 million in deposits and $20 million in equity. Which bank has the stronger liquidity position? Which bank probably has a higher profit?Bank A Asset

Consider the assets (in millions) of two banks, A and B. Both banks are funded by $120 million in deposits and $20 million in equity. Which bank has the stronger liquidity position? Which bank probably has a higher profit?Bank A AssetBank B Assets

Explanation:

Liquid assets are those assets which get converted immediately into cash, when the company need some cash in hand, they can sell the liquid assets in the market and get cash in hand. As they can sell their various securities to fulfill the need of cash.

<h3>HOPE THIS HELPS YOU ALOT!</h3>

5 0

3 years ago

Griffin goat far inc has sales of 666000, depreciation expense of 72000, interest expense of 46000, nad a tax rate of 24 percent

Helen [10]

In a condition where Griffin Goat Far Inc., has sales of 666000, depreciation expense of 72000, interest expense of 46000, and a tax rate of 24 percent, the net income of this firm will be $416,480.

<h3>What is the significance of net income?</h3>

The net income can be referred to or considered as the surplus difference between the gross income and the expenses plus taxes of an organization for a given period.

Using the given information, it can be interpreted that,

Net Income = 666,000 – (72,000 + 46,000) – 24%

Net Income = 666,000 – 118,000 – 24%

Net Income = 548,000 – 24%

Net Income = $416,480

Therefore, the significance regarding the net income has been aforementioned.

Learn more about net income here:

brainly.com/question/15570931

#SPJ1

6 0

1 year ago

The following statements accurately describe the difference between saving and investing EXCEPT…

vagabundo [1.1K]

Answer:

Saving can only be done in person. Investing can be done both in-person and online.

Explanation:

Saving refers to keeping some funds aside for use during emergencies. Individuals and institutions also save as a way of accumulating funds for a specific intention. Banks and other deposit-taking institutions offer saving services to pool funds and lend them for investment and consumption.

Saving will attract lower interest rates, sometimes below the inflation rate. Banks offer lower rates on saving and charges a higher interest rate to borrowers to make profits. Because saving offer lower returns, they are suitable for short-term periods. Savings are relatively safer than investment.

Investments offer higher returns but have a higher risk. Due to their price volatility, investments are suited for the long-term to safeguard against price fluctuations.

8 0

3 years ago

Theg3eu3guyrgufgrgifrggiygiyrgirgigv

Dominik [7]

Answer:

I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz

7 0

3 years ago

Read 2 more answers