Answer:
The amount received on June 24 is $686
Explanation:
given data
sold account = $1,000
terms = 2/10, n/30
returns merchandise = $300
to find out
amount of cash received on June 24
solution
we know here that payment is made within the discount period
that is discount period = 10 days
so amount received will be here
amount received = sold account - returns
amount received = $1000 - $300
amount received = $700
and discount is here
discount = 2% of amount received
discount = 2% × $700
discount = $14
so
amount of cash received is = amount received - discount
amount of cash received is = $700 - $14
amount of cash received is $686
Answer:
good morning I hope you l I e for the update on the answer to the answer to the question on the answer to the question on the answer to the question on the answer to the question on the
You will do 500 divide by 50 that will get you 10. that means quantive production scheduling means they will have less.
The question is incomplete. The complete question is as follows,
The Waverly Company has budgeted sales for the year as follows:
Quarter sales in unit
1=12,000
2=14,000
3=18,000
4=16,000
The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,000 units. Scheduled production for the second quarter (in units) is:
a.17,500 units.
b.16,500 units.
c.15,000 units.
d.13,000 units.
Answer:
Production = 15000 Units
Option C is the correct answer
Explanation:
To calculate the scheduled production for the second quarter, we first need to find the opening and ending inventory for the third quarter. The ending inventory for each quarter will become the opening inventory for next quarter. It is mentioned in the question that the ending inventory in each quarter is equal to 25% of the next quarter's budgeted sales. Then,
Ending Inventory First Quarter = 0.25 * 14000 = 3500 units
Ending Inventory Second Quarter = 0.25 * 18000 = 4500 units
The production of units in second quarter can be calculated as follows,
Budgeted Sales = Opening Inventory + Production - Closing Inventory
14000 = 3500 + Production - 4500
14000 + 4500 - 3500 = Production
Production = 15000 Units
Answer:
B. False
Explanation:
Patents may be defines as when a legal authority or permission granting a right for a given time, in particular exclusive and right to exclude others from the production, use, or sale of an invention.
Therefore the given statement is wrong as patents are not discouraging the organizations from carrying out to extensive primary research so, the correct answer is False.
