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Tems11 [23]
3 years ago
11

At the beginning of the year, TRK started with $15,000 in beginning inventory. Throughout the period, TRK purchased $40,000 wort

h of inventory, negotiated $2,000 of purchase allowances, returned $500 of inventory, received a $5,700 purchase discount for paying early and paid $300 in shipping charges for their inventory. Given this information, determine goods available for sale.
Business
1 answer:
serious [3.7K]3 years ago
8 0

Answer:

$47,100

Explanation:

The cost of goods available for sale is the sum of the opening balance and the net purchases during the period.

The net purchases is the difference between the total purchases and the allowances and discounts and returns.

Hence,

Cost of goods available for sale

= $15,000 + $40,000 - $2,000 - $500 - $5,700 + $300

= $47,100

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Sidana [21]

Answer:

Ally Bank is emphasizing the Empathy dimension of service quality

Explanation:

Empathy -

It refers to the practice of providing proper attention and help to consumers , is referred to as empathy .

In companies these practice is done in order to help the consumers in the best possible manner , which will in turn help the company with good feedback and profit .

Hence , from the given scenario of the question ,

The correct answer is empathy .

4 0
3 years ago
Nolan is applying for a promotion within his company. the ________ state that the qualified candidate must have a four-year coll
balandron [24]

The correct answer is job specifications. Job specifications is being defined as a statement in regards of the essential components of the job class by which it includes the summary of the work that are to be performed, responsibilities, minimum qualifications, and as well as the primary duties.

3 0
4 years ago
Carol and Dave each purchase 100 shares of stock of Burgundy, Inc., a publicly owned corporation, in July for $10,000 each. Caro
tino4ka555 [31]

Answer:

See below

Explanation:

From the above information, we can deduce that the stock owned by Carol and Dave falls in value by $2,000 I.e ($10,000 - $8,000) ; it is to be noted that Carol solely has realised and recognized loss of $2,000.

Here, one of the cogent factors that determines whether a sale has taken place is if realization has been effected. Here, stock sold by Carol qualifies as a disposition while the decline in the value of stock sold by Dave does not qualify as disposition.

With regards to the foregoing, we can conclude that the federal income tax law treat the decline in the value of the stock differently for Carol and Dave.

8 0
3 years ago
Which of the following statements is true?
marissa [1.9K]

Answer: B) A)

Explanation:

  •   This kind of method, direct write-off method is referring to your question and it is considering a method that is used for recognizing bad debts expenses that are coming from credit sales of someone's account. With this method there is no account that is considering allowance and receivable that is found on someones's account is written-off directly to expense when there is uncollectible account expense.
  •   One of the greatest advantages is simplicity because those companies who are doing this method have to make only two transactions.

5 0
3 years ago
Read 2 more answers
You are given the following information for O'Hara Marine Co.: sales = $75,500; costs = $35,200; addition to retained earnings =
pshichka [43]

Answer:

O'Hara Marine Co.

Depreciation Expense is:

$13,903

Explanation:

a) Data and Calculations:

sales = $75,500;

costs = $35,200;

addition to retained earnings = $9,580;

dividends paid = $8,420;

interest expense = $2,620;

tax rate = 23 percent

Net Income:

addition to retained earnings = $9,580;

dividends paid = $8,420

Total net income = $18,000

Pre-tax Income = $18,000/0.77 = $23,377

Income tax (23%) of $23,377 = $5,377

After Tax Income = $18,000 ($23,377 - 5,377)

Depreciation:

sales = $75,500

costs = $35,200

Gross profit =     $40,300

Less interest         (2,620)

Less net income  (23,777)

Depreciation =    $13,903

6 0
3 years ago
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