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Karo-lina-s [1.5K]
2 years ago
5

Ballard Company uses the perpetual inventory system. The company purchased $10,000 of merchandise from Andes Company under the t

erms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $450 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $19,000 cash. What is the amount of gross margin that resulted from these business events
Business
1 answer:
Sunny_sXe [5.5K]2 years ago
7 0

Answer: $8750

Explanation:

The amount of gross margin that resulted from these business events will be calculated as:

Purchase = $10000

Less: Purchase discount = $10000 × 2% = $200

Add: Freight paid = $450

Total purchase = $10250

Gross margin = Sales - Total Purchases

= $19000 - $10250

= $8750

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Suppose that the central bank in this economy is concerned that inflation is too high and wants to lower the inflation rate by 6
leva [86]

Answer:

a) True

Explanation:

We can not determine the exact percentage by which a 6% reduction in inflation will cause a hike in unemployment but this conclusion is true. As per the Philips Curve, inflation and unemployment are in an inverse relationship

This is to say an increase in one will cause a decrease in the other and vice versa. This relationship however is not linear and so the degree of changes one variable causes in another will depend on the economy and statistics of the economy.

Hope that helps.

8 0
3 years ago
The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to ma
umka21 [38]

Answer:

Physical Flow units 12000

Equivalent Units Materials 11000

Equivalent units Conversion 15000

Explanation:

The Finishing Department

First-in, First-out (FIFO) Process Costing

Equivalent Units

Particulars         Units         % of Completion                    Equivalent Units

                                            Materials    Conversion        Materials Conversion

Units Received  15000         100         100                       15000      15000

+Ending WIP        2000           50          30                         1000         600

<u>Less Beg. Inv     5000             100         30                        5000        600</u>

<u>Total units         12000                                                     11000           15000</u>

The units started and completed are transferred out units. The Beginning Work in Process is deducted to ensure first in first out. The units moved first in are transferred out first.

6 0
3 years ago
Josh is convinced that subgroups exist within his company’s current customer base. Further, he believes that these different gro
Radda [10]

Answer:

The options are given below:

A. clustering

B. segmenting

C. positioning

D. customer lifetime value

the correct option is A.

Explanation:

Clustering, or cluster analysis, is a process which refers to the organization of objects or items into groups who have members with similar traits with respect to a particular criterion. In other words, a cluster refers to a collection of similar objects which are different from the objects of other clusters.

In the scenario presented above, we can see that different groups of customers exist, who have different reasons for purchasing the company's brand. These reasons are different from one group to another group, this is why a cluster analysis is the best option.

7 0
2 years ago
On September 1, 2003, Time Magazine sold 600 one-year subscriptions for $81 each. The total amount received was credited to Unea
Alina [70]

Answer:

Total subscriptions revenue for the period= 4 months (September 1 - December 31)  

= (600 * $81) * 4/12

= $48,600 * 4/12

= $16,200

Hence adjusting entry would be:

Deferred subscriptions revenue a/c Dr $16,200

To Subscriptions revenue Cr $16,200

7 0
2 years ago
The following data is available for Box Corporation: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury stock (a
zubka84 [21]

Answer:

The shares of common stock are outstanding are 24,920 shares .

Explanation:

Outstanding shares

= Shares issued - Shares held as Treasury Stock shares

= $250000/$10 par - $1200/$15

= 25000 shares  - 80 shares

= 24,920 shares

Therefore, The shares of common stock are outstanding are 24,920 shares .

3 0
3 years ago
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