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ollegr [7]
3 years ago
11

Determine the amount to be paid in full settlement of each of two invoices (a) and (b), assuming that credit for returns and all

owances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar.
Merchandise Freight
Paid by Seller Freight Terms Returns and
Allowances
a. $6,100 $600 FOB shipping point, 2/10, n/30 $1,450
b. 2,900 700 FOB destination, 1/10, n/30 800
a. $
b. $

Business
1 answer:
Veronika [31]3 years ago
7 0

Answer:

a. $ 5157.

b. $2097.

Explanation:

See attached pictures.

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On January 1, 2017, Sunland Industries had cash and common stock of $196000. At that date the company had no other asset, liabil
Dafna1 [17]

Answer:

$32,980

Explanation:

The computation of comprehensive income is shown below:-

Comprehensive income = Cash dividend + Unrealized holding gain

= $11,800 + $31,800

= $32,980

Comprehensive income includes net profit and other complete or compression  profits.

Net revenue involves operating and non-operating income, net of expenses . Other comprehensive profits consisted of unrealized gains or losses, cash flow hedges.

So in this question we considered the dividend and unrealized holding gain as an comprehensive income

5 0
3 years ago
Since commercial finance companies offer loans to higher-risk customers than commercial banks, the interest rates they charge ar
Bas_tet [7]

Answer:

The correct answer is (A)

Explanation:

Commercial finance is another way to generate funds, but they come with certain drawbacks compared to commercial banks. Commercial finance usually give loans to customers who are interested in more risky investments.  The interest they charge is usually higher which can only be paid if a client invests in riskier investments to earn higher returns.

3 0
3 years ago
Kids' Corner, a toy store, ordered a supply of stuffed toys from Toyland Inc. The toys were supposed to be delivered on the 1 st
AveGali [126]

Kids' Corner, a toy store, ordered a supply of stuffed toys from Toyland Inc. The toys were supposed to be delivered on the 1st of December but were sent to Kids' Corner on the 5th of December. There has been a(n) _____ of contract.  

A. compensatory breach

B. anticipatory breach

C. material breach

D. concurrent breach

<u>Correct Option:</u>

There has been a <u>material breach</u>  of contract.

<u>Option: C</u>

<u>Explanation:</u>

A contract law concept that applies to a non-performance under the contract that is sufficiently serious to give the grieved party the right to sue for contravention of the contract, is understood as a material break or infringement.

If a substantive violation has occurred, the aggrieved party is therefore deprived of a contractual duty to further results. Here the Kids' Corner toy store ordered a supply of stuffed toys from Toyland Inc. but received order in delay date, which is considered as material breach due to late delivery of expected material.

5 0
3 years ago
A​ firm's database showed that the average value of all inventory items for the year was​ $7,650. the cost of goods sold was rep
Rainbow [258]

5 weeks  
There are 52 weeks per year and since the company closes for 2 weeks per year, that means that the company does business for 50 weeks each year. During that year, the company sold goods that cost $76,500. And the average inventory was $7,650 which is $7,650 / $76,500 = 0.10 = 10% of the goods sold for the entire year. So the average inventory could allow the company to work for 10% of the year. And 10% of 50 is 5. Therefore the company had 5 weeks of supply on average in inventory.
6 0
3 years ago
Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are
Igoryamba

Answer and Explanation:

Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic

Investment and should be counted as production of final goods and services.

Gross domestic product (GDP) is the total amount of goods and services produced and consumed within the country

6 0
3 years ago
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