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IgorLugansk [536]
2 years ago
15

Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit o

n account. 6 Purchased goods from Club Corp. for $1,000 with terms 2/10, n/30. 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full. Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30.
Business
1 answer:
bazaltina [42]2 years ago
4 0

Answer: $3,940

Explanation:

Purchase from Diamond

The company received a discount of 2% because they paid within 10 days as per the terms of the sale.

Cost of inventory from Diamond:

= (Cost of goods - Returns) * (1 - 2%)

= (4,100 - 1,100) * 98%

= $2,940

Purchase from Club

Discount period expired so the full $1,000 is paid.

Total inventory cost:

= 2,940 + 1,000

= $3,940

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Monica wants to sell her share of an investment to Barney for $80,000 in 5 years. If money is worth 6% compounded semiannually,
Fittoniya [83]
Answer: $59,780.65

Explanation:

To find out what she would accept today, we need to apply the present value formula which is= V.P(1+i)^-n

So, $80,000(1+6%)^-5= $59,780.65
7 0
3 years ago
The process through which a product or service takes root initially in simple applications at the bottom of a market and then mo
cricket20 [7]

The process through which a product or service takes root initially in simple applications at the bottom of a market and then moves up, eventually displacing established companies, is referred to as <u>Disruptive Innovation</u>.

In a business idea, disruptive innovation is an innovation that creates a brand new market and price network or enters at the lowest of an existing market and in the end displaces established marketplace-leading companies, products, and alliances.

Disruptive innovation refers to using a generation that upsets a structure, instead of "disruptive technology", which refers back to the era itself. Amazon, launched as an online bookstall in the mid-Nineties, is an example of disruptive innovation.

Disruptive innovation is the manner by using which a smaller enterprise—normally with fewer sources—moves upmarket and demanding situations larger, hooked-up corporations.

Learn more about disruptive innovation here brainly.com/question/17185200

#SPJ4

8 0
9 months ago
Pioneering advertisements would most likely be used during which stage of the product life cycle?
abruzzese [7]

Answer:

(1) introduction

Explanation:

Pioneering advertising creates consumers awareness about the availability of a totally new product as well as explaining its use.

3 0
3 years ago
As a general rule, the Chinese government allows foreign companies to participate in its market only if those companies agree to
stealth61 [152]

Answer:

C. Joint Venture

Explanation:

A Joint Venture is a business agreement in which two or more parties agree to combine their resources in order to achieve an objective.

Companies use Joint Ventures to partner with foreign businesses in order to enter their market. This is what China is proposing in the scenario above, and it has been done in order that China might have a stake in those businesses.

<u>Advantages of a Joint Venture include:</u>

  • Access to new markets.
  • Pooling of resources.
  • Low cost of production.
  • Access to expertise ans technology, and so on.

7 0
3 years ago
particle has a constant acceleration of 5.8 m/s2. (Due to the nature of this problem, do not use rounded intermediate values in
vova2212 [387]

Answer:

a) t = 0.86 sec

b) v = 7.128 m/s

Explanation:

Given data:

Constant acceleration = 5.8 m/s^2

Initial velocity = 2.1 m/s

Displacement = 4.0 m

kinematic equation is given as

X -X_o = v_o \times t + \frac{1}{2} at^2

X- X_o =  4.0 m

v = 2.1 m/s

a = 5.8 m/s^2

plugging all value in the above relation

4 =  2.1t + \frac{1}{2} 5.8t^2

2.9t^2 + 2.1t - 4 = 0

solve for t

t = \frac{-2 \pm \sqrt{2.1^2 -(4\times 2.9 \times (-4)}}{2\times 2.9}

t = 0.86 sec

b)  kinematic equation relating to velocity is given as

v = v_0 + at

solving for velocity

v = 2.1 + 5..8\times 0.867

v = 7.128 m/s

5 0
3 years ago
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