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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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43) An annuity is set up that will pay $1500 per year for ten years. What is the present value (PV) of this annuity given that t
11111nata11111 [884]

Answer:

PV= $9,626.49

Explanation:

Giving the following information:

Cash flow= $1,500

Interest rate= 9%

Number of years= 10

First, we will determine the future value, using the following formulas:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {1,500*[(1.09^10) - 1]} / 0.09

FV= $22,789.395

Now, the present value:

PV=FV/(1+i)^n

PV= 22,789.395/(1.09^10)

PV= $9,626.49

4 0
3 years ago
If you use credit what are you creating
Margaret [11]
<span>B is the correct answer. When you spend money on a credit card you are creating a debt because you are spending money you don't actually have at that point in time.</span>
3 0
3 years ago
Read 2 more answers
Due to budget restrictions, a business school could afford to hire only one new faculty member for the next academic year. Howev
kakasveta [241]

The correct answer would be, Compromise.

After a lengthy discussion, it was decided that the budget would be hired for the next year. In this situation, Compromise strategy of conflict management is used.  

Explanation:

In simple words, Conflict Management is the management of Conflict between two parties, or between two issues. In this process, the negative aspects of the issue are lowered while positive aspects are being highlighted.

Compromise is that strategy of Conflict Management in which a settlement is made below the desired standards in order to resolve the conflict.

So when temporary faculty is hired in the school instead of the need of permanent faculty, due to the shortage of budget, Compromise Strategy of Conflict Management is being used.

Learn more about Conflict Management at:

brainly.com/question/12441613

#LearnWithBrainly

3 0
3 years ago
Fischer Company uses 12,000 units of a part in its production process. The costs to make a part are: direct material, $15; direc
Trava [24]

Answer:

Difference= $60,000 in favor of buying

Explanation:

Giving the following information:

Number of units= 12,000

Make in-house:

Direct material, $15

direct labor, $27

variable overhead, $15

applied fixed overhead, $32

Buy:

Buying price= $60

If Fischer buys the part, 75 percent of the applied fixed overhead would continue.

<u>First, we will calculate the avoidable fixed overhead per unit:</u>

Avoidable fixed overhead= 32*0.25= $8

<u>Now, the total differential cost of making in-house:</u>

<u></u>

Total cost of production= 12,000*(15 + 27 + 15 + 8)

Total cost of production= 12,000*65

Total cost of production= $780,000

Total cost of buying= 60*12,000= $720,000

Difference= $60,000 in favor of buying

4 0
2 years ago
Which industry takes materials and transforms them into new tangible, physical products? A. Wholesaling B. Manufacturing C. Extr
Margaret [11]
Hello,

The answer is option A "<span>Manufacturing".

Reason:

Manufacturing is the process of taking old products and transforming them into better working items its kinda like a upgrade of the product.

Ex: A video game console into a better game console.....

The answer is not option A because wholesaling is the process that businesses use for commercials, bigger industries, any accessories to add on to their businesses in order to make them run better and to sell more of the product in order to make more money. Its not option C because a extractive industry is a industry that basically uses natural resources and extracts them. Its also not option D because a service could be anything not involving businesses, involving social businesses, etc... Therefore the answer is option B!

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit </span>
6 0
3 years ago
Read 2 more answers
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