Within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account
Using this formula
Check amount=(Merchandise sold- Merchandise return)- [(Merchandise sold- Merchandise return)× Discount]
Where:
Merchandise sold=$4,000
Merchandise return=$500
Discount=2%
Let plug in the formula
Check amount=($4,000-$500)-[($4,000-$500)×2%]
Check amount=$3,500-($3,500×2%)
Check amount=$3,500-$70
Check amount=$3,430
Inconclusion within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account.
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24% will be the tax bracket for her. The marginal tax rate is the tax rate you pay on every dollar of additional income. Individuals' federal marginal tax rate in the United States rises as their income rises. As one's income rises, the last dollar earned is taxed at a higher rate than the first.
This method of taxation, known as progressive taxation, aims to tax individuals based on their earnings, with low-income earners paying a lower rate than higher-income earners. Under a marginal tax rate, taxpayers are typically divided into tax brackets or ranges, which determine the rate applied to the tax filer's taxable income.
However, how much of an individual's income is taxed depends on more factors than just their marginal tax bracket. Instead, income taxes are calculated progressively, with a range of income levels subject to a certain rate for each bracket.
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Answer:
- The core competence of a firm’s competitive advantage is based on control over proprietary technological and innovation know-how, licensing and joint venture arrangements should be avoided when necessary so as to avoid and minimize the risk of losing control over that technology. For firms with a competitive advantage based on management effectiveness, the risk of losing control over the management skills to franchisees or joint venture partners is not that welcomed or encouraged. However, many service firms favor a combination of franchising and subsidiaries to control the franchises within particular countries or regions. The subsidiaries may be wholly owned or joint ventures, but most service firms have believed that joint ventures with local partners works best for controlling subsidiaries.
Answer:
value of company inventory = $2600
so correct answer is B) $2,600
Explanation:
given data
normal selling price = $20
selling price fallen = $15
current inventory = 200 units
purchased = $16 per unit
cost fallen = $13 per unit
solution
we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost
here lower is replacement cost = $13
so value of company inventory at lower of cost will be
value of company inventory = 200 units × $13
value of company inventory = $2600
so correct answer is B) $2,600
