Sales journal.

At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible A

solmaris [256]

Answer:

300,000 × 2% = 15,000

15,000 + 660 = 15,660

The correct answer is $15,660

8 0

4 years ago

9 what is the first letter of a five-letter word meaning extra money paid at the end of a work period?

34kurt

The answer is B

Bonus

6 0

3 years ago

Super Value Store has a commercial general liability policy written with a general aggregate limit of $300,000 and an occurrence

uysha [10]

Answer:

$115,000

Explanation:

The computation of the amount paid is as follows:

= Occurrence limit + court cost & attorney fees

= $100,000 + $15,000

= $115,000

Hence, the amount paid by the CGL policy is $115,000

It could be come by applying the given formula in order to get the correct value and the same is relevant too.

3 0

3 years ago

In the context of Internet-enabled supply chain management (SCM), which of the following SCM activities involves providing real-

Sholpan [36]

Answer:

D) Inventory management

Explanation:

Inventory management involves all the procedures necessary for providing with sufficient materials, supplies and parts to the different production units. Efficient inventory management must balance the needs of having enough stock (materials, supplies, parts) and using resources efficiently, since every dollar held in stock is not being used to generate money on another department of the company. The most efficient type of inventory management is the just in time inventory system developed by Toyota.

8 0

3 years ago

Presented below is information related to Ricky Henderson Company.

myrzilka [38]

The ending inventory using conventional retail inventory method is $170,100.

Ricky Henderson Company Ending inventory

Cost Retail

Beginning inventory $200,000 $280,000

Add Purchases $1,375,000 $2,140,000

Total $1,575,000 $2,420,000

Markups $95,000

Markup cancellations ($15,000)

Net markup $80,000

($95,000-$15,000)

Total $1,575,000 $2,500,000

($2,420,000+$80,000=$2,500,000)

Markdowns $35,000

Markdown cancellations ($5,000)

Net markdown ($30,000)

($35,000-$5,000)

Sales price of goods available $2,470,000

($2,500,000-$30,000)

Less Sales revenue ($2,200,000)

Ending inventory at retail $270,000

($2,470,000-$2,200,000)

Second step is to calculate the Cost-to-retail ratio using this formula

Cost-to-retail ratio=Cost of goods sold available/Retail price of goods available+ Net markup

Let plug in the formula

Cost-to-retail ratio=$1,575,000/($2,420,000+$80,000)

Cost-to-retail ratio=$1,575,000/$2,500,000

Cost-to-retail ratio=0.63

Third step is to calculate the ending inventory at cost (lower of cost or market) using this formula

Ending Inventory at cost =Cost-to-retail ratio× Ending inventory at retail

Let plug in the formula

Ending Inventory at cost=0.63×$270,000

Ending Inventory at cost =$170,100

Inconclusion the ending inventory using conventional retail inventory method is $170,100.

Learn more here:brainly.com/question/15776072

7 0

3 years ago