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2 years ago

Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:

Business

1 answer:

allochka39001 [22]2 years ago

4 0

Answer:

OB. Gross Purchases.

Explanation:

Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.

Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.

Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.

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George Jefferson established a trust fund that provides $170,500 in scholarships each year for worthy students. The trust fund e

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The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

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Answers

let C be the capital, then :

$C\times4 \% = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500$

The capital contributed by Mr. Jefferson was $4,262,500

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Hope i helped u..

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