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ladessa [460]
3 years ago
13

Carr Corporation has provided the following information for its most recent month of operation: sales $8,000; beginning inventor

y $1,000; ending inventory $2,000 and gross profit $5,000. How much were Carr's inventory purchases during the period?a. $9,000.00 b. $5,000.00 c. $6,000.00 d. $4,000.00
Business
1 answer:
dusya [7]3 years ago
5 0

Answer:

d. $4,000.00

Explanation:

This question presents an incomplete record scenario. With the Purchases amount missing.

Find the Purchases amount by preparing a Trading Account and determine the missing Purchases Amount.

Carr's inventory purchases during the period was $2,000

Trading Account

Sales                                                                    $8,000

Less Cost of Sales

beginning inventory                     $1,000

Add Purchases                             $4,000

Less Ending inventory               ($2,000)        ($3,000)

Gross profit                                                         $5,000

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Maru [420]

Answer:

C

Explanation:

8 0
3 years ago
Brainden Inc. is a multinational company that primarily provides ideas for business improvements, marketing, and promotions. The
nirvana33 [79]

Answer:

C. Job Satisfaction

Explanation:

Job satisfaction has to do with a measure of how content an employee is with his job. It has to do with the degree of contentment that an employee derives from a job. It satisfies the question of whether or not an employee likes the job he's doing. Company's and organizations thrive to provide high level of job satisfaction for their employees. This is because with high level of job satisfaction comes increase in the productivity level. Various factors affect job satisfaction including nature of job, pay and so on. In this case, Brainden tries to increase job satisfaction by providing cross training for their employees.

3 0
3 years ago
Read 2 more answers
The ZZZ Corporation issued $25 million in "poration issued $25 million in new common stock in 2013. It used $18 million of the i
nadya68 [22]

Answer:

correct option is C. of $18 million has occurred.

Explanation:

given data

poration issued = $25 million

new common stock = $25 million

investment = $18 million

repay bank loans = $7 million

solution

As here an an investment is an asset or commodity that is earned with the goal of gaining income or appreciation.

In here in the given statement , the total investment used to buy the equipment.

Bank loan repayment is not an investment

so correct option is C. of $18 million has occurred.

8 0
4 years ago
A degree of aggressive procurement involvement not normally encountered in supplier selection refers to ____. Group of answer ch
Dmitriy789 [7]

Answer:

supplier development.

Explanation:

A degree of aggressive procurement involvement not normally encountered in supplier selection refers to supplier development.

Supplier development is a business strategy and it involves the process of working one-to-one basis or closely with certain suppliers in order to improve and boost their performance for the benefit of growing and developing an organization.

It is a concept that is also similar to reverse marketing in business management. It is a strategic business plan which is aimed at improving the quality and performance of suppliers by availing them resources they need to achieve success and have competitive advantage in the supply chain.

For instance, a buying organization might decide to implore suppliers to enter an emerging market.

Also, another example of the supplier development is, in order to prevent the wide-spread of Corona virus, CDC is ensuring its suppliers of ppe (personal protective equipment) are continuously supplying face masks.

8 0
4 years ago
The following information is available for a company's utility cost for operating its machines over the last four months.
laila [671]

Answer:

Using the high-low method, the estimated variable cost per machine hour for utilities is $1.875/ machine hour

Explanation:

High Low Method is a method used to separate Fixed and Variable Costs Components of a semi-variable cost/overhead.

<em>Step 1 : Establish 2 points - The Highest and The Lowest</em>

High - March 2,640 hrs : $8,100

Low - April 720 hrs : $ 4,500

<em>Step 2 Calculate the variable Cost Component</em>

Variable Costs = Overhead Cost difference /Activity difference

                        = ($8,100-$4,500)/(2,640hrs-720hrs)

                        = $3,600/1,920hrs

                        = $1.875/hr

4 0
3 years ago
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