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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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The older term, social service, referred to advancing human welfare. The new term, meaning to provide for the needs of various p
Mazyrski [523]

Answer:

Social welfare

Explanation:

The term <u><em>“social welfare”</em></u> does not have a precise definition. Currently, social welfare refers to a wide range of activities and services by volunteers, non-profit organizations and governmental agencies providing help to needy persons unable to care for themselves; activities and resources designed to enhance or promote the well-being of individuals, families and the larger society; and efforts to eliminate or reduce the incidence of social problems

8 0
3 years ago
1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d
melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

7 0
3 years ago
Exercise 10-2 Straight-Line: Amortization of bond discount LO P2 Tano issues bonds with a par value of $180,000 on January 1, 20
Nitella [24]

Answer:

bonds' face value $180,000

coupon rate 8%, semiannual = 4%

maturity 3 years x 2 = 6 periods

market interest rate = 10% or 5% semiannual

the journal entry to record the issuance of the bonds:

January 1, 2017, bonds issued at a discount

Dr Cash 170,862

Dr Discount on bonds payable 9,138

    Cr Bonds payable 180,000

the amortization of the bond discount should be $9,138 / 6 = $1,523 on every coupon payment.

Journal entry to record payment of first coupon:

June 30, 2017, first coupon payment

Dr Interest expense 8,723

    Cr Cash 7,200

    Cr Discount on bonds payable 1,523

6 0
3 years ago
I will mark you as brainliest !!
jonny [76]

Answer:

400,000

Explanation:

7% of what number = 28,000

(0.07)(X) = 28,000

X = 400,000

(which is less than 700,000. But that makes sense because not everyone living in Michael's city is necessarily part of the labor force. Some could be kids in school, others grandparents who have retired, others people who stay at home and don't work.)

4 0
3 years ago
Read 2 more answers
MacCloud Industries has two divisions-Standard and Premium. Each division has hundreds of different types of tennis racquets and
Helen [10]

Answer and Explanation:

a. The computation of the weighted average contribution margin ratio is shown below:

The Contribution margin ratio is

= (Combined contribution ) ÷ (Sales)

= ($60,000 + $180,000) ÷ ($1,000,000)

= ($240,000) ÷ ($1,000,000)

= 0.24

b. Now the break even point in dollars is

= Fixed cost ÷ contribution margin ratio

= $300,000 ÷ 0.24

= $1,250,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
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