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netineya [11]
3 years ago
11

18) 20 points Steve's Hardware Store uses the perpetual inventory system. The business incurred the following transactions: A. O

n November 1, 10 snow blowers were purchased on account at $1,000 each. Credit terms were 2/10, net 30. B. On November 10, the business sold three of the snow blowers on account at $1,500 each. The credit terms were 2/10, net 30. C. OnNovember12,thebusinesspaidforthesnowblowerspurchasedonNovember1. D. On November 20 Steve's received payment for the November 10 sale. E. On November 30, the business paid rent of $1,500 and wages of $2,000.
Business
1 answer:
andrey2020 [161]3 years ago
7 0
The first one is the right answer
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There are two main ways to measure social inequality, they are: Inequality of conditions refers to the unequal distribution of i
butalik [34]

Answer:

True.

Explanation:

Social inequality can be defined as an existence of unequal rewards and opportunities for different social status or classes within a group of people in a society.

Generally, social inequality is peculiar to a society that is grouped based on race, hierarchy of class, religion, culture and gender. A social inequality is characterized by unequal distribution of wealth, punishment, rewards, opportunities and goods or services to the various classes.

There are two main ways to measure social inequality, they are:

1. Inequality of conditions: refers to the unequal distribution of income, wealth, and material goods.

2. Inequality of opportunities: refers to the unequal distribution of life chances across individuals.

4 0
3 years ago
Mullineaux Corporation has a target capital structure of 64 percent common stock, 9 percent preferred stock, and 27 percent debt
nlexa [21]

Answer:

10.02%

Explanation:

The computation of the WACC is shown below. The formula of WACC is shown below:

= (Weightage of debt × cost of debt)  + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of  common stock) × (cost of common stock)

= 27% × 7.6% × (1 - 0.40) + 9% × 5.9% + 64% × 12.9%

= 2.052% × (1 - 0.40) + 0.531% + 8.256%

= 10.02%

8 0
3 years ago
Adjusting factory overhead LO P4
irga5000 [103]

Answer:

26,500 Under applied

Explanation:

<em><u>Lock-Tite Company</u></em>

Actual Factory Overhead 215,000

Factory overhead Indirect materials 15,000

Indirect labor 80,000

Other overhead costs 120,000

Direct Labor = 345,000

Predetermined Overhead = 70% of $ 345,000= $ 241,500

Actual Overhead = $ 215,000

Difference = Predetermined Overhead - Actual Overhead

                = 241,500- $ 215,000= 26,500 Under applied

We find the difference between actual overhead and applied overhead to find the underapplied ( overapplied overhead. If the actual overhead is less than applied overhead it is underapplied. But if the actual overhead is greater than applied overhead it is over applied.

Raw materials Opening $ 43,000

Add Materials Purchases 195000 ( 210,000 - 15000)

Less Raw materials Closing $ 52,000

Direct Materials Used 186,000

Direct Labor  345,000

FOH   215,000

Total Manufacturing Costs  746,000

Add Work in process  Opening 10,200

Less Work in process Closing 21,300

Add Finished goods  Opening 63,000

Less Finished goods Closing  35,600

Cost Of Goods Sold 762,300

8 0
3 years ago
What is the maximum amount that OSHA can impose as as penalty on an employer for each willful violation
mixas84 [53]
For each willful violation $129,336 per violation
8 0
3 years ago
Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's pr
BartSMP [9]

Answer:

Option B, IRR is 14.42%

Explanation:

The IRR is the rate of return that equates the cost of the project to the present value of cash flows receivable from the project in future.

Using an excel approach, the formula formula IRR is given as:

=irr(values)

The values in this case are

-$1300 in  year 0

$450 in year 1

$450 in year two

$450 in year 3

$450 in year 4

The irr gives 14.42% as shown in the spreadsheet attached

The cost of the investment of the investment project of $1300 equals the present values of its cash flows at 14.42% rate of return

Download xlsx
4 0
3 years ago
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