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postnew [5]
4 years ago
12

Assume that Pharoah Company uses a periodic inventory system and has these account balances: Purchases $351,600; Purchase Return

s and Allowances $12,300; Purchase Discounts $6,300; and Freight-in $17,000. Determine net purchases and cost of goods purchased.
Business
1 answer:
svp [43]4 years ago
3 0

Answer:

Net purchase = $333,000

cost of goods purchased =$350,000

Explanation:

net purchases = purchases-returns-discounts

                        = 351,600 -12,300 - 6,300

cost of goods purchased = net purchases + freight

                                          = 333,000+17000

                                          =$350,000

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When calculating a project’s net present value, which type of cash flows should be considered? Question 2 options: A) Free cash
irina [24]

Answer:

Operating cash flows

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV is a capital budgeting method used to determine profitable investments

7 0
3 years ago
According to Lucas and​ Sargent, workers and firms have rational​ expectations, and therefore if the Fed pursues an expansionary
NeX [460]

Answer:

D. agents will immediately adjust their expectations of inflation up.

Explanation:

Expansionary monetary​ policies are geared towards stimulating economic growth. The Fed can impose lower interest rates or purchase bonds and securities in open market operations as expansionary tools. Lowering interest rates encourages banks and other lending institutions to lend money to firms and households.  

Purchasing bonds and securities adds money to the banking system. The increased money will be loaned out to businesses and individuals. The availability of low-cost credit motivates firms to borrow and expands their business capacities. When households borrow with ease, it leads to an increase in consumption expenditure.  These actions result in too much money in circulation, which is inflation.

4 0
3 years ago
The salary for an occupation is determined by the federal government <br> True or false?
strojnjashka [21]

Answer:

No the given statement is not correct.  

Explanation:

Federal Government does not determine the pay structure for any occupation. Each occupation determine its own salary structure. For example, the doctors would determine their own fee that they would charge to the patients, schools will determine their fee that they would charge from students, lawyers determine their own fee, and the examples are countless. Government sometimes only sets the minimum level of wage that must be paid to a worker. For example government can put a base at 10 dollars wage rate that has to be given to the worker working for you. So you must give the worker at least $10, but you can give him $15 or $20, as much as you like and as much as he charges you, but you can't give him less than 10 dollars

6 0
4 years ago
Read 2 more answers
American Bakeries had a fleet of over 3,000 delivery trucks. Because of the increasing cost of gasoline, the company was interes
Lisa [10]

Answer:

American bakeries will win

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In the given case the American bakeries will win.

It is given in the question that the contract between the American Bakeries and the Empire is a requirement contract.

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Therefore,

The American Bakeries does not require any purchase from the Empire

3 0
3 years ago
Greg was looking at different websites to complete his paper for his accounting class. He found several websites that ended in .
Masteriza [31]

In this question the options are missing; here are the options:

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Greg could assume it is valid because it is a .net.

Greg could look at the contact page to validate Frank's expertise.

Greg could look to see if the website was updated recently,

Greg could assume it is valid since Frank is not selling anything.

The answer to this question is B. Greg could look at the contact page to validate Frank's expertise.

Explanation:

One of the key factors that make a source to be credible is the expertise of the author because if the author is an expert in the area, the source is generally considered as credible. For example, the words of Isaac Newton are a credible source if these are related to areas such as maths, physics, or astronomy because he was an expert in this area. In this context, one way Greg could validate this source is by checking who is Frank Smith to verify if he is an expert in the topic. This makes option B correct.

3 0
3 years ago
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