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3 years ago

Which part of the purchasing process includes the sum of money due in

Business

1 answer:

nataly862011 [7]3 years ago

3 0

Explanation:

it is a document given by the supplier,which contains

information on the quality,PRICE of goods sold

also date

well this is what ik,so hope it helps ig

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Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available

Marysya12 [62]

Answer:

C. $222,500 ÷ $313,500

Explanation:

Calculation for cost to retail ratio

COST

Beginning inventory $30,000

Add; Purchases $190,000

Add: Freight in $2,500

Cost $222,500

RETAIL

Beginning inventory $45,000

Add: Purchases $260,000

Add: Net mark ups $8,500

Retail $313,500

Therefore, the cost to retail ratio will be

$222,500 $313,500

5 0

3 years ago

Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa

kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

c) Gross sales = $6,083,300

d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

d) Cash collected = opening balance in Account receivable + credit Net sales - Bad debt - Closing balance in Accounts Receivables

= $515,600 + $6,076,500 - $144,100 - $443,000

=$6,005,000

4 0

3 years ago

During which period does the fed appear to be most anti-inflation? explain your answer

Tomtit [17]

In most of the 1970 period, the fed appear to be most anti-inflation. The United States has been experiencing a pattern of rising prices since the late 1960s.

Inflation refers to an overall rise in the cost of goods and services throughout a nation. Inflation in United States started gradually increasing from yearly rates that had previously been less than 2 percent for several years.

The Federal Reserve tightened policy in 1973 in response to rising inflation rates. However, the Fed loosened its stance before adequately controlling inflation in response to increased unemployment. In December 1976, the annual inflation rate reached a low of 5% before rising once more.

According to the personal consumption expenditure index, prices had increased 7.7% from the previous year by January 1979, raising concerns that inflation would continue to climb. Concern was also raised regarding the US currency, which had declined 13% in value versus.

To learn more about Inflation, refer

brainly.com/question/28190771

#SPJ4

5 0

1 year ago

Ted is retiring in five years and is thinking of selling the business. Ramon, his general manager, tells him that he, the other

victus00 [196]

Answer:

D) an ESOP.

Explanation:

ESOP is known as employee stock ownership. ESOP IS when employees in a company own shares in that company.

I hope my answer helps you

6 0

3 years ago

Read 2 more answers

An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts totals $6,400. If Allowance fo

horsena [70]

Answer:

Debit to Bad Debt Expense for $7,700

Explanation:

Based on the information given we were told that company's accounts receivable shows the estimate of uncollectible accounts totals of the amount of $6,400 while the Allowance for Doubtful Accounts has the amount of $1,300 as the debit balance. This means that the adjustment to record the bad debt expense for the period will require a

Debit to Bad Debt Expense for $7,700 Calculate as:

Dr Bad Debts 7700

(6300+1300)

Cr To Allowance for Doubtful Accounts 7700

8 0

3 years ago