Money that you owe is known as debt

The June 30, 2021, year-end trial balance for Askew company contained the following information:

lutik1710 [3]

Answer:

The answer is:

A. $239,000

B.

June 30

Dr Cost of goods sold. $239,000

Closing Inventory $40,600

Purchase returns $10,600

Purchase discounts $ 6,600

Cr Opening Inventory. $ 32,600

Purchase $247,000

Freight-in $18,200

Explanation:

Net purchase is

Purchases. $246,000

Minus: Purchase discounts $6,600

Minus:Purchase returns $10,600

Plus: Freight-in $18,200

Net purchase. $247,000

A.

Cost of sales:

Opening Inventory $32,600

Plus: Purchases. $247,000

Minus: closing Inventory. $40,600

Cost of sales. $239,000

B.

June 30

Dr Cost of goods sold. $239,000

Closing Inventory $40,600

Purchase returns $10,600

Purchase discounts $ 6,600

Cr Opening Inventory. $ 32,600

Purchase $247,000

Freight-in $18,200

3 0

3 years ago

The Cowboy Saddle Company manufactures plastic saddles that are used in the assembly process of their Mr. Ed doll. The firm desi

S_A_V [24]

Answer:

time between orders 25 working days

yearly ordering cost: $150

Explanation:

The annual demand is 4,000 units if order size is 400 units there will be 10 orders per year

Given a year of 50 weeks: every 5 weeks an order will be placed.

As each week has 5 working days that would mean every 25 working days

Then, total order cost:

each order cost $15 to place as there are 10 order per year it will be $150 ordering cost.

7 0

3 years ago

You share a cab ride with your company's CEO and he talks enthusiastically about the __________, that can be achieved when the s

mars1129 [50]

Answer:

The correct answer is letter "B": Synergy.

Explanation:

Synergy is the belief that the whole is more than the sum of all its parts. In Business, synergy implies that the whole organization is more important than the individual effort of the employees. This approach aims to let workers know that their joint work is more valuable than their isolated performance.

3 0

4 years ago

In a certain country, the labor force is 30 million and the unemployment rate is 5 percent. what is the amount of unemployed ind

meriva

Given the number of the total population who belonged in the work or labor force which is 30 million, and the recorded percentage of those who are unemployed is 5 percent, this means that a number of unemployed individuals in this country is 1,500,000. Hope this helps.

3 0

3 years ago

In three to four sentences, explain the effect of competition on the price of goods and services and whether or not this is a go

Nat2105 [25]

Competition will eventually make the price of goods and services to equilibrium price.

Competition will make the sellers lower the price so they can attract consumers, which will be very beneficial for the consumers

hope this helps

8 0

4 years ago