Answer:d. $44,100.
Explanation:
The net method is a way a company or firm records its customer's invoice. Under the net method of Accounting for purchases, The record of purchases are recorded considering the cash discount.
Therefore
Purchase price = $45000
Cash Discount at terms 2/10 n/30
$45000 x 2% = $45,000 x 0.02 =$900
Net purchase price = $45000 - $900 = $44,100.
The journal to record the inventory purchased on account using the net method will be
Accounts Titles Debit Credit
Inventory $44,100.
Accounts payable $44,100.
Answer:
26.67
Explanation:
Processing Time = 2 sec + 3 sec + 2 min + 10 sec
2 minutes = 2 x 60seconds = 120
Processing time = 120 + 2+ 3 + 10
= 135 sec
Process Capacity
= 1/135 x 60 (sec/min)
= 0.007407 x 60
= 0.44444
0.44444 x 60 (min/hr)
= 26.67
Reality test of a business plan involves proving that a market for the product or service really does exist and that the company can produce the product or provide the service at a reasonable cost.
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Explanation:</u></h3>
An entrepreneur must be successful in the business he starts as he takes ;lot of risks with that. It is very essential for an entrepreneur to create a business plan before taking any forward steps in the business. Performing the reality check will help an entrepreneur to ensure that he is in the right track of the business.
In the reality check, an entrepreneur gets to know about the viability of the market, his own strength and weakness and the financial position for the production of the products. It helps an entrepreneur to know about the demands that exists for his product and how can he produce those products or services as reasonable cost.
Explanation:
example of something that is inelastic is a type of cancer medication
