1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SVETLANKA909090 [29]
3 years ago
15

At December 31, 2020, the following information is available from Burnett Company’s accounting records. If sales are $510,000 an

d markdowns total $13,200, compute estimated inventory at the end of 2020 using the conventional retail method
Cost Retail
Inventory, January 1, 2020 $57,600 $96,350
Purchases 327,480 529,750
Net markups 15,700
Available for sale $385,080 $641,800
Calculate the ending inventory at cost would be:_________
Business
1 answer:
lapo4ka [179]3 years ago
5 0

Answer:

dcrrrrrrrr

Explanation:

You might be interested in
When researchers calculate a basketball star's net worth they are measuring the star's _____.
polet [3.4K]
The answer is letter b, income and the wealth. The net worth is a way of having to measure the over all asset of the individual in which his or her income as well as his or her wealth that he or she has or acquires. The answer is letter b.
6 0
3 years ago
Which type of organization uses the form 1065 and schedule k-1?
nekit [7.7K]
<span>Organizations known as Partnerships use the Form 1065 and Schedule K-1. A Partnership is an agreement between two partners to agree to work together to benefit each others interest. These organizations of Partnerships may be between individuals, governments, schools, etc.</span>
6 0
3 years ago
Wilma’s Vegetable Market had the following transactions during 2017:
babymother [125]

Answer:

Journal Entries are as follows.

Explanation:

1.   Cash               $25,000 (Debit)

          Common Stock                              $ 25,000 (credit)

2.   Wages             $10,000  (debit)

               Cash                             $10,000 (credit)

3.  Land                         $ 50,000 (debit)

           Common Stock                        $50,000  (credit)

4.    Dividend Declared    $ 1000  (debit)

                    Dividend Payable            $ 1000 ( credit)

And

   Dividend Payable            $ 1000 ( debit)

                 Cash                           $ 1000 (credit)

5.        Cash               $ 3000  (debit)

              Long Term  Investment            $ 3000 (credit)

6.     Cash                    $ 20,000  (debit)

                Sales                        $ 20,000        ( credit)

7.       Inventory           $2000 (debit)

            Cash                      $ 2000  (credit)

8.      Investment                 $ 6000 ( debit)

               Cash                                             $ 6000 (credit)

9.  Bonds Payable                   $ 10,000  (debit)

                 Discount                             $ 1000 (credit) ( if there's any)

                  Common Stock               $ 9,000 ( credit ) ( in case of discount)

10.    Notes Payable                             $ 10,000  (debit)

Interest on Notes Payable                    $ 1,000 (debit) ( suppose there's interest of $ 1000 on $ 10,000 Notes Payable)

                         Cash                                                    $ 11,000 (credit)

4 0
3 years ago
Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sell
sladkih [1.3K]

Answer:

Effect on income= $9,600 increase

Explanation:

Giving the following formula:

Unitary contribution margin= $90

The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income= increase in total contribution margin - increase in fixed costs

Effect on income= 190*90 - 7,500

Effect on income= 17,100 - 7,500

Effect on income= $9,600 increase

3 0
3 years ago
Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the ba
Effectus [21]

Answer:

maximum interest rate = 3%

so correct option is A) 3%

Explanation:

given data

investment = $6000

receive = $6180

borrow = $6000

to find out

maximum interest rate bank needs to offer on the loan

solution

we consider here maximum interest rate bank needs to offer is = r

so value of investment will be express here as

value of investment = amount to be borrowed × ( 1 + r )    ................1

put here value we get rate r

6180 = 6000 × ( 1 + r )

solve it we get

rate = 0.03

maximum interest rate = 3%

so correct option is A) 3%

3 0
3 years ago
Other questions:
  • Last year, new era cap company (buffalo, ny celebrated its 90th anniversary in business as a privately held company that makes a
    5·1 answer
  • The relationship between pepe's pizzeria and its customers functions at which level of the relationship marketing continuum?
    11·2 answers
  • Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. If the expected inflation rate falls from 20
    12·1 answer
  • Examine transnet in terms of the characteristics of a monopoly
    14·1 answer
  • Difference between honors and regular classes
    14·2 answers
  • You have just received notification that you have won the $2.5 million first prize in the Centennial Lottery. However, the prize
    13·1 answer
  • Suppose you deposit ​$1400 cash into your checking account. By how much will checking deposits in the banking system increase as
    13·1 answer
  • Xây dựng lực lượng bán hàng của công ty vinamilk
    15·1 answer
  • I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English na
    5·1 answer
  • A chinese student pays tuition at a u.s. university. the chinese government classifies this transaction as?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!