The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.
<h3>What is the purchase amount to be recorded?</h3>
The purchase amount that should be recorded on the date of purchase is the amount of the transaction. This does not take into account the return and discount which happened later.
This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry. And discount will be based on the balance of $2,000 instead of $4,000.
<h3>Data and Calculations:</h3>
Purchase on April 2 = $4,000
Purchases Return on April 4 = $2,000
Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.
Learn more about recording credit purchases at brainly.com/question/5651500
Answer: Very instresting?
Explanation:
Answer:
a. Advertising is an important aspect of monopolistic competition and oligopoly because:
1. <em>brand distinction encourages consumer loyalty, which increases profits.</em>
b. Advertising promotes efficiency and benefits consumers by :
4. <em>providing information about new products, increasing sales and output, and lowering average total cost.</em>
<em></em>
c. Which of the following statements is true?
2.<em> Persuasive advertising can be important in encouraging new entry into the industry.</em>
<em></em>
Explanation:
Answer:
Total costs = $4,850.
Please refer to the attached for the answered table.
Steady/fixed Production planning with the objective of saving on overtime and subcontract costs is a form of aggregate planning that organizations pursue in managing its total costs of production.
As a result of this model of planning, we will have inventory on hand in some periods and we will run partially or completely out of stock in others. But because the production unit is aware of their production targets , overtime will be zero and there will be no need for subcontracting.
However delayed order fulfillment will be made up for at additional costs as in the example we are solving. This provisions must be made for such eventualities.
For 2017:
Scholarship - $6,500
Tuition – (3,700)
Books and supplies – (1,000)
Gross income - $1,800
For 2018:
Scholarship - $7,200
Tuition – (3,750)
Books and supplies – (1,200)
Gross income - $2,250
Adrian’s gross incomes for 2017 is $1,800 and 2018 is
$2,250.