Answer:
The answer is: Inventory cost is $4,900
Explanation:
ACB Manufacturing purchased $6,000 worth of merchandise with credit terms 2/10 or n/30. This means that if the company pays its debt within 10, it will receive a 2% discount.
It returned $1,000 worth of defective merchandise, decreasing its total debt to $5,000. Since ACB Manufacturing paid its debt within the first ten days, it got a 2% discount. It paid a total of $4,900 for the merchandise, so that should be its inventory cost.
Answer:
= $ 28,000.00
Explanation:
Warranty expenses are accounted for in the period in which they are incurred. This is in accordance with the accounting reporting standards.
For Blazer company: Year 1 sales 2800 units
Warranty per unit: $ 10 per unit
expected warranty cost: = 2800x $10
= $ 28,000.00
Answer:
Product Line
Explanation:
Product Line -
It refers to the combination of products that are quite similar , and sold under the name of the same brand , by the same company , is referred to as the product line .
Each company has its different product line , with different properties and brand .
Hence , from the given scenario of the question ,
The correct answer is product line .
False Communities and countries with greater income inequality tend to have higher rates of crime and higher rates of drug use. These relationships are examples of positive correlations
<h3>What is
income?</h3>
Income is the consumption and saving opportunity gained by an entity over a given time period, which is usually expressed in monetary terms. Income is difficult to define conceptually, and definitions vary across fields.
Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.
Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals typically earn money through wages or salaries, whereas businesses make money by selling goods or services for more than their cost of production.
To know more about income follow the link:
brainly.com/question/25845157
#SPJ4
Answer:
price level fall and value of money is rises
Explanation:
given data
one year basket costs = $10.00
two year two basket costs = $9.00
one year buy baskets = $50
year two,buy baskets = $50
to find out
as the price level falls, the value of money will be
solution
we see that when we compare to 1 year price go down from $10 to $ 9
so deflation at annual rate is = 10%
so here
sum of $50 will be buy here = = $5 in one year
and $ 50 buy in 2 year is = = $5.56 in two year
so this is show here that price level fall and value of money is rises