Answer: A.Freight in
B.purchase return and allowance
C.purchase
D.sales discount
Explanation: A.Freight in the transportation cost associated with the delivery of a goods from the supplier to the receiving end.
B.purchase return and allowance. This occurs when a purchaser and inventory back to the seller.
C.purchase. This is the good and services bought by a company.
D.sales discount. A sales discount is usually offer for prompt payment. Is an incentive sellers offer for early payment.
Answer:
The correct answer is (B)
Explanation:
A Tax-cut has many benefits on the overall economic performance of a country. When consumers see a tax-cut, it increases their demand for goods so a tax-cut is beneficial to the equilibrium GDP if the marginal propensity to save decrease due to a tax-cut. If the marginal propensity of save decreases it ultimately benefits the production sector of a country. More production means a better gross domestic product.
Answer:
16.77
Explanation:
Given that,
Accounts receivable = $35,680
Total assets = $538,500
Cost of goods sold = $325,400
Capital intensity ratio = 0.90
Accounts receivable turnover rate:
= (Total assets ÷ Capital intensity ratio) ÷ Accounts receivable
= ($538,500 ÷ 0.90) ÷ $35,680
= $598,333.333 ÷ $35,680
= 16.77
Therefore, the accounts receivable turnover rate is 16.77.
Answer:
D) Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense.
Explanation:
If it is well established in a legal document that Sharon lent her son Todd the $60,000 as a interest free loan, then Sarah is able to not recognize any interest income and Todd doesn't have to recognize any interest expense. But if Todd decides to lower his taxable income by recognizing the relevant federal interest rate, then Sharon has to recognize that interest as revenue.
<u>Calculation of amount of annuity:</u>
It is given that Steve Madison needs $250,000 in 10 years. And we are asked to find how much must he invest at the end of each year, at 5% interest. That means we are asked to find the annuity amount, which can be calculated as follows:
Annuity = Future value / Future value of $1 Annuity
Future value is $250,000
And Future value of $1 Annuity (5%, 10 years using the Present value table) is 12.57789
Hence, the Annuity = 250,000 / 12.57789 = 19,876.15
Hence Steve Madison should invest <u>$19,876.15</u> each year.