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sesenic [268]
3 years ago
11

Supplied goods costing

Business
1 answer:
aivan3 [116]3 years ago
7 0

Answer:

Dr Mohan account 627

Cr Sales 627

Explanation:

Preparation of Journal entry

If the amount of RS. 600 is the goods costing that was supplied to mohan in which the issued invoice is 10% above cost with a 5% discounts the First step will be to calculate the Invoice price.

Calculation of the invoice price

Invoice price=[600+10%*600)+[5%*(600+10%*600)]

Invoice price=(600+60)-[5%*(600+60)]

Invoice price=660-(5%*660)

Invoice price=660-33

Invoice price=627

Now let prepare the Journal entry

Dr Mohan account 627

Cr Sales 627

(Being to record good sold to Mohan)

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Calculate income from operations for Jonas Company based on the following data: Sales $764,000 Operating expenses 52,500 Cost of
Elina [12.6K]

Answer:

173,500

Explanation:

Operating income is income derived from a business's operations, after deducting operating expenses e.g. wages, depreciation, and cost of goods sold

Operating income = sales - operating expenses- cost of merchandise sold

$764,000 - 52,500 - 538,000 = 173,500

I hope my answer helps you

7 0
2 years ago
Barry’s expectation that employees will complete his requests immediately is typical of —— leaders.
goldenfox [79]

Answer: Commanding leaders

Explanation: The commanding leader is a type of leadership where the leader is someone who is very controlling. These leaders are tough and direct people, they are those who take charge of situations regardless of what others may think.

In the commanding leadership style, the leader is someone very focused and does whatever it takes to get the desired results. They are often intimidating and expect their employees to always do what they ask.

3 0
2 years ago
Powers Company reported net sales of $1,250,000, average Accounts Receivable, net of $73,500, and net income of $53,150. The acc
ipn [44]

Answer:

17 times

Explanation:

Data provided in the given question :-

Net Sales = $1,250,000

Average account Receivable = $73,500

Net Income = $53,150

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4 0
3 years ago
Determine the capitalized cost of a permanent roadside historical marker that has a first cost of $75,000 and a maintenance cost
densk [106]

Answer:

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Explanation:

First of all please note that the cost of $ 75,000 is already the present cost.

The cost of $3200 which occurs every 3 years can be converted into a value using factor A/F for one life cycle.

The capitalized cost then can be calculated as follows :

CC = $ 75,000 + $ 3200(A/F, 10%, 3 years)/interest

CC = $ 75,000 + $ 3,200(0.3021)/0.1

CC = $ 75,000 + $ 9,667.2

CC = $ 84,667.20

6 0
3 years ago
Amazon.com and barnes and noble are in the same industry, but their primary difference can be defined as two companies that have
Alenkinab [10]
<span>their primary difference can be defined as two companies that have different : business models Amazon provide a medium so other sellers could sell their books through their sites. This way, they won't need any space for their house cause they sell other's product. Meanwhile, barnes and nobles is a book retailer, which means they produce and put their own books to the stores.</span>
6 0
3 years ago
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