Answer:
The cost of goods available for sale is $650,100
Explanation:
Credit terms of 3/15, n/45 means that 3% discount for the payment within 15 days and the full amount to be paid within 45 days.
The discounts Northwest Fur Co. took = $560,000 x 3% = $16,800
Northwest uses a perpetual inventory system and the gross method to record purchases.
Net Purchases = Purchases - Purchase Returns - Purchases Discounts + Freight-In = $560,000 - $4,900 - $16,800 + $8,800 = $547,100
The cost of goods available for sale = Beginning merchandise inventory + Net Purchases = $103,000 + $547,100 = $650,100
Answer:
More money and enganment to whoever they're purchasing from.
Explanation:
Answer:
Current yield is 10.3%
Explanation:
Coupon payment = 1000 x 7% = $70 annually
Number of periods = n = 20 years
Yield to maturity = 11% annually
Price of bond is the present value of future cash flows, to calculate Price of the bond use following formula
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond = $70 x [ ( 1 - ( 1 + 11% )^-20 ) / 11% ] + [ $1,000 / ( 1 + 11% )^20 ]
Price of the Bond = $557.43 + $124.03 = $681.46
Current yield is the ration of coupon payment to the price of the bond.
Current Yield = Coupon Payment / Price of Bond = $70 / 681.46 = 0.1027 = 10.3%
Answer:
c. liabilities.
Explanation:
liabilities are the creditors claims to the assets of the business/property.
Answer:
True.
Explanation:
Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
In Business management, Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.
Basically, It is an inventory management system that companies use to reduce wastage to the barest minimum, thereby, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
<em>Hence, just-in-time when used judiciously can help a company reduce the amount of working capital it needs to finance inventory management. </em>
