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3 years ago

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This is a good question to ask during an interview A) How many vacation days do I get? B) What kind of products or services do y

ou provide? C) How many hours of training will I need? D) None of the above

1 answer:

jeka943 years ago

3 0

Answer:

C) How many hours of training will I need?

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A company purchased $2,900 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $320 worth of merchandise. On

DerKrebs [107]

Answer:

C) 2,554

Explanation:

When a company purchase a merchandise inventory on account, the journal entry to record the merchandise inventory is -

July 5 Merchandise Inventory Debit $2,900

Accounts payable Credit $2,900

After returning the merchandise of $320, the due amount = $(2,900 - 320) = $2,580

As the supplier sets the term as 1/10, n/30, it means if the buyer pays within 1 day, the purchaser will receive a 1% discount, but has to pay the amount within 30 days.

As the company pays the amount within 4 days of purchase (July 5 to July 8), the company will get the discount after the sales return.

Therefore, the company will pay cash = $2,580 - ($2,580 × 1%)

= $2,580 - 26

= $2,554

Therefore, option c is the correct answer.

8 0

3 years ago

Explain five (5) contributions of the manufacturing industry to industrialization

Drupady [299]

Answer:

Line production system

Scale of production

Development of Factories

Development of Capital Machinery

Development of Capital Goods Industry.

Explanation:

Line production system: This system was adopted in manufacturing companies to divide the tasks between the workers so a product can be manufactured in the fastest way possible

Scale of production: The manufacturing industry develop high levels of production that allow surpluses of production of goods in the economy.

Development of Factories: The manufacturing industry was the first in organize the Plant for production purposes. Therefore, the creation of what is nowadays known as factories was a consequence of this organization.

Development of Capital Machinery: Manufacturers Researched and developed new machines to improve the times of production. With time this technology was used for more industries to achieve fast performances.

Development of Capital Goods Industry: As machines were developed the industry of Capital goods arose and became an important source of technology for companies.

3 0

3 years ago

Why do people try to avoid getting a refund on their tax returns?

ladessa [460]

D) Because they know the government has a large budget deficit

6 0

3 years ago

Mary, the manager of an electronics store in Iowa, gives her staff the authority to resolve customer complaints. She lets the st

OverLord2011 [107]

Answer:

Job enrichment.

Explanation:

The work design technique that Mary is implementing in her store is the job enrichment which is a technique that provides greater autonomy to the organization's employees, that is, employees have the possibility to participate in the decision-making process, greater control and greater flexibility to organize your work.

This technique has the main advantage of increasing the motivation of employees, who feel more valued by the organization, more confident in carrying out their function and more capable of innovating and developing their skills and competences.

8 0

3 years ago

ebookprint item question content area present value of an annuity on january 1 you win $4,400,000 in the state lottery. the $4,4

Inessa05 [86]

The present value of the lottery winnings is $2,498,866. Round to the nearest whole dollar, this is $2,498,000.

To determine the present value of the lottery winnings, we need to calculate the present value of each annual payment of $440,000 and then sum them up.

Assuming an interest rate of 8%, the present value of the first payment of $440,000 on December 31 is $400,872. This is determined by looking up the present value of an ordinary annuity of $1 for 10 periods at 8% in the present value tables (Exhibit 7), which is 0.693. We can then multiply this value by the annual payment amount of $440,000 to get the present value of the first payment.

The present value of the remaining payments can be calculated in the same way, using the present value of an ordinary annuity of $1 for 9 periods at 8%, which is 0.621. Thus, the present value of each of the remaining payments is $400,872 * 0.621 = $249,995.

Summing up the present value of all 10 payments, we get $400,872 + $249,995 + $249,995 + ... + $249,995 = $2,498,866.

Learn more about Interest rates here:

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3 0

1 year ago