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Vitek1552 [10]
3 years ago
13

Assume that Guardian Company uses a periodic inventory system and has these account balances: Purchases $500,000; Purchase Retur

ns and Allowances $14,000; Purchase Discounts $9,000; and Freight-in $15,000. Determine net purchases and cost of goods purchased.
Business
1 answer:
romanna [79]3 years ago
3 0

Answer:

Net purchases:

= Purchases - Purchase Returns and Allowances - Purchase Discount

= 500,000 - 14,000 - 9,000

= $477,000

Cost of goods sold:

= Net purchase + Freight-in

= 477,000 + 15,000

= $492,000

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Answer:

True

Explanation:

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This helps regulators because they can access an accurate primary information from the company itself (later on, they should probably compare that information against their own standards in order to prevent bias), and it also helps the company because it can see where it stands in terms of risk, which reduces uncertainty.

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In the _______ step of cluster analysis, we use descriptor variables to explain how the subsamples differ and thereby can derive
hjlf

Answer:

Description

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3 years ago
Reports that trace the entry of and changes to critical data values are called ____ and are essential in every system.
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Answer:

audit trails

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8 0
3 years ago
Increased flexibility in scheduling has become an important benefit for employers to offer because of:
Katyanochek1 [597]

Increased flexibility in scheduling serves as important benefit for employers to offer because of:

1)the increase in single parent homes

2)the increase in two-income families

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Learn more at:

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2 years ago
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Answer:

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the target cost will the one which achieve the target profit at the selling price of the market.

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revneue - profit = cost

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3 years ago
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