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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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Answer:

Interactive

Explanation:

Interactive marketing is the kind or form of marketing which is defined as the one to one practice of marketing that centres the individual person or consumer and then prospects the actions.

In this kind of marketing practice, it comprise of the initiatives of marketing that are triggered through behaviors as well as preferences of the customer. And for this reason, it is major shift from the campaign grounded efforts of marketing.

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3 years ago
Most farmers own wells and tube-wells in their farms for irrigation to increase their produce, what adverse effect can this have
Mrac [35]

Most farmers own wells and tube wells on their farms for irrigation to increase their production, which affects the water level. Thus, option B is correct.

<h3 /><h3>Who is a farmer?</h3>

A farmer is someone who does agribusiness and cultivates living things for food or natural goods like crops, cotton, etc.

The farmers would have wells and tube well on the farm because the irrigation to be much at a higher level with water reduces the water level of the ground to a significant amount which would in the future affect the soil plantation as well the soil binding capacities

There will be a large-scale depletion in the water that is present underground. Therefore, option B is the correct option.

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A decrease in agriculture output

B reduction of the water level

C loss of capital

D loss of soil fertility

5 0
1 year ago
true or false: the profit margin is the financial gain from a sale after the costs of providing the sold product have been deduc
kotykmax [81]

The profit margin is the financial gain from a sale after the costs of providing the sold product have been deducted. Thus, the statement is true.

<h3>What is the profit margin?</h3>

Profit margin is the portion of sales that a company keeps after all costs are subtracted. It essentially displays the percentage of each dollar of sales that is kept as profit. A 15% profit margin, for instance, means that a company keeps $0.15 from every dollar of sales produced.

Comparing the firm's operations to those of a best-in-class company, maybe in a different industry, is another way to increase your profit margin. This comparison could point out several operational tweaks that could be done to raise profit margins.

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6 0
1 year ago
The ________ perspective tends to view inflation as a cost that offers no offsetting gains in terms of lower unemployment.
Leona [35]

The neoclassical monetarist O Keynesian attitude tends to view inflation nations as a fee that gives no offset integrated built-disintegrated integrated phrases of decreased unemployment.

Inflation is the fee of built-in boom integrated prices over a given time period. Inflation is normally a broad measure, together with the overall built integrated prices or the growth of built-inbuilt integrated fee of built-ing built-in a rustic.

There are three inflation reasons for built inflation: call for-pull built-inflation, cost-push integrated nation, and built-inflation.In built-inflationary built-ings, inconsistently building charges necessarily reduce the purchase built integrated electricity of some customers, and this erosion of real built-income is the built integrated largest fee of built-inflation. Inflation can also distort building strength over the years for recipients and payers of fixed built-in hobby charges.

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3 0
2 years ago
The adjusted trial balance of Warbocks Corporation at December 31, 2017 includes the following accounts: Retained Earnings $12,6
irina [24]

Answer:

                                            Warbocks Corporation

Statement of retained earnings for the year ended December 31, 2017

                                                                                      Amount in $

Opening retained earnings                                           12,600

Net income for the year                                                  7,000

Dividend                                                                         <u> (5,000)</u>

Closing retained earnings                                             <u> 14,600</u>

Explanation:

The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.

This includes the net earnings and dividend paid during the year.

Net income =  $30,000 - $15,000 - $2,000 - $4,500 - $500 - $1,000

= $7,000

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