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Alja [10]
3 years ago
9

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur

chased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit on account. 6 Purchased goods from Club Corp. for $1,000 with terms 2/10, n/30. 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full.
Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30.
Business
1 answer:
Tems11 [23]3 years ago
7 0

Answer:

$3,918

Explanation:

Calculation the cost of inventory as of June 30

Purchases [$4,100+1000] $5100

(Less): Returns ($1100)

(Less): Discount [4100 x 2%] ($82)

Cost of inventory $3,918

Therefore the cost of inventory as of June 30 will be $3,918

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In a fix exchange rate, the country can address problem of currency market pressure that threaten yo lower or raise the value of its currency by this under listed measures;

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3 years ago
(1.1: Modeling) Before paying employee bonuses and state and federal taxes, a company earns profits of $103,000. The company pay
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Answer:

Amount paid in;

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Federal tax = $41,200

Explanation:

The bonus paid to employees, federal tax and state tax are all a percentage of the profit made by the company.

The amount of each of these elements may be computed by applying the applicable percentage on the profit made by the company before any of these deductions.

amounts paid in;

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= $5,150

state tax  =  5% * $103,000

= $5,150

and

federal tax =  40% * $103,000

= $41,200

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Increasing then decreasing.
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<h2>Answer:</h2>

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<h3>2. Understand the Customer.</h3>

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<h3>5. Enhance the Omnichannel Experience.</h3>

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7 0
3 years ago
Division A reported income from operations of $975,000 and total service department charges of $675,000. As a result, a.consolid
alexgriva [62]

Answer:

c.income from operations before service department charges was $1,650,000

Explanation:

We can see from the information in the question, that income from operations and service department charges sum a total of $1,650,000

Gross income before service department charges = $975,000 + $675,000

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