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dimaraw [331]
3 years ago
11

General Motors purchased on account a shipment of iron bars from Furnace Inc. and promptly paid within the discount period. Comp

ute the total value of inventory purchased. (4 points) Invoice price: 220,000 Shipping cost (FOB destination point): 20,000 Purchase allowance for flawed pieces: 20,000 Cash discount offered: 5%
A) 189,000
B) 190,000
C) 209,000
D) 210,000
E) 249,000
Business
1 answer:
Misha Larkins [42]3 years ago
4 0

Answer:

Option C,$209,000 is the correct answer.

Explanation:

The total value of inventory purchased comprises of invoice price plus shipping cost,less allowance for flawed pieces as well as the cash discount received as shown computed below:

Invoice price                                                       $220,000

shipping cost                                                       $20,000

purchase allowance for flawed pieces              ($20,000)

Cash discount 5%*(220,000+20000-20,000)   ($11,000)

Total value of inventory purchased                      $209,000

The cash discount was taken because payment was made within the discount period

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3 years ago
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In the sales comparison approach, how is the appropriate unit of comparison chosen?
kirill115 [55]

Answer:

c. It depends on the appraisal problem. The appraiser should apply all appropriate units of comparison, explain differences in wide variation in the results, and choose the most reliable unit.

Explanation:

The three (3) main methods used for the valuation or appraisal of real-estate properties are;

I. Income approach.

II. Cost approach.

III. Sales comparison approach.

A sales comparison approach can be defined as a real-estate appraisal technique that is typically based on comparing a property to other recently sold real-estate properties with similar characteristics. Thus, this appraisal method or technique requires that the real-estate property being appraised should be in current use and fall within the same area or locality as the other recently sold real-estate properties.

In the sales comparison approach, the appraised property should mimic the market behavior of other real-estate properties sold recently.

5 0
3 years ago
the promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities, such as trade sh
Len [333]

Through transient actions like trade fairs and event sponsorships, sales promotion is a tactic that encourages customer purchase and dealer engagement.

<h3>What is Sales Promotion?</h3>

A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service.

A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales. Sales increases could be required to meet a quota as a deadline draws near or to spread word of a new product.

Let's examine several sales promotion types in more detail, as well as the advantages and disadvantages of adopting each style of promotion.

12 different categories of sales promotions exist. Although not all of them are appropriate for every industry, product, or service, each one offers distinct opportunities to increase sales and forge stronger bonds with clients by utilizing various sales psychology techniques. Each presents a comparison of sales methodologies and offers an unusual perspective on spin selling.

To learn more about the, Sales Promotion visit:

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8 0
2 years ago
A manufacturing company is considering a capacity expansion investment at the cost of $258,388 with no salvage value. The expans
Jobisdone [24]

Answer:

33,610.42  units

Explanation:

For computing the minimum annual production rate first we have to determine the annual worth by using the PMT formula which is shown below:

Given that

Present value = $258,388

Interest rate = 10%

NPER = 7 years

Future value = $0

The formula is shown below:

= PMT(RATER;NPER;-PV;FV;type)

The present values comes in a negative

After solving this, the annual worth is $53,074.32

And, the annual operating maintenance cost is $28,599

So, the revenue should be

= $53,074.32 + $28,599

= $81,673.32

Now the minimum annual production rate is

= $81,673.32 ÷ $2.43

= 33,610.42  units

4 0
3 years ago
Southland farm sold ten september futures contracts on wheat. Southland farm will:______.
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Southland farm sold ten September futures contracts on wheat. Southland farm will: both receive payment and deliver in September. Option A. This is further explained below.

<h3>What is the payment?</h3>

Generally, the act or process of making a monetary contribution to someone or something, or of receiving a monetary contribution.

In conclusion, Wheat futures contracts were sold by Southland Farm for 10 contracts in September. September will be a busy month for the Southland farm, with both payments and deliveries.

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8 0
2 years ago
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