1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ronch [10]
2 years ago
14

gen-tech sells merchandise on account for $4,000 to acorn company with credit terms of 2/10, n/30. within the discount period, a

corn company returns $500 of damaged merchandise and a check for ________ to settle the account.
Business
1 answer:
pickupchik [31]2 years ago
5 0

Within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account

Using this formula

Check amount=(Merchandise sold- Merchandise return)-  [(Merchandise sold- Merchandise return)× Discount]

Where:

Merchandise sold=$4,000

Merchandise return=$500

Discount=2%

Let plug in the formula

Check amount=($4,000-$500)-[($4,000-$500)×2%]

Check amount=$3,500-($3,500×2%)

Check amount=$3,500-$70

Check amount=$3,430

Inconclusion within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account.

Learn more here:

brainly.com/question/19865607

You might be interested in
According to Mikey, the founder, Holden Outerwear does not manufacture its garments in the United States because of the: aplicat
wolverine [178]

Answer:

d

Explanation:

The complete question is mentioned in attachment. According to 2nd line and  2nd last line, option d is the ocrrect answer.

3 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
dlinn [17]

Answer:

Selling price= 240*1.4= $336

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (252,000/30,000) + 2.1

Predetermined manufacturing overhead rate= $10.5 per machine hour

Job T687:

Number of units in the job 10

Total machine-hours 30

Direct materials $ 675

Direct labor cost $1,050

<u>Now, we need to allocate overhead and determine the total cost:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10.5*30= $315

Total cost= 675 + 1,050 + 315= $2,040

<u>Finally, the unitary cost and selling price:</u>

Unitary cost= 2,040/10= $240

Selling price= 240*1.4= $336

3 0
3 years ago
Journalize the entries to record the following.
vredina [299]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

       To Cash A/c $1, 100

(Being the petty cash fund is established)

2. Office supplies A/c Dr $614

   Miscellaneous selling expense A/c Dr $200

   Miscellaneous administrative expense A/c Dr $145

   Cash short and over A/c $26

             To Petty cash A/c $985

(Being the expenses are recorded)

The Cash short and over is computed below:

= $1,100 - $115- $614 - $200 - $145

= $26

4 0
3 years ago
Lions Incorporation produces two different products (Product A and Product X) using two different activities: Machining, which u
iren2701 [21]

Answer:

Lions Incorporation

The amount of Machining cost assigned to Product X is:

= $663,000.

Explanation:

a) Data and Calculations:

                                          Product A             Product X             Total

Activities used                  Machining             Inspection

Activity driver                    Machine hours     Number of batches

Activity rate                       $170/ mh              $510/ batch

Usage of activity drivers:

Machine hours                 1,900                     3,900                      5,800

Number of batches              45                          22                            67

The amount of Machining cost assigned to Product X:

= 3,900 * $170 = $663,000

6 0
2 years ago
What does​ transitioning people from one job to​ another entail? During the transition​ period, what​ type(s) of unemployment wo
Flura [38]

Answer:

"Transitioning people from one job to another" means that people who suffer from structural unemployment acquire the necessary skills to find a new job.

Structural unemployment happens when an unemployed individual cannot get a job because he/she lacks the skills required by the employer to fill that job opening. When this individual receives training and acquires the necessary skills, it is said that he/she transitioned from one job to another.

8 0
2 years ago
Other questions:
  • For the current year, Klay Corporation reports the following information:
    5·2 answers
  • HURRY HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    5·1 answer
  • An important difference between accounting and other 4 functions, such as marketing and management, is that
    5·1 answer
  • The degree to which team members interact with and rely on other team members for the information, materials, and resources need
    14·1 answer
  • Salary of the company president—$31,300. Salary of the vice president of manufacturing—$16,800. Salary of the chief financial of
    8·1 answer
  • Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have an 6% coupon rate, and interest
    8·1 answer
  • don draper has signed a contract that will pay him 80000 at the beginning of each year for the next 6 years plus an additional a
    13·1 answer
  • PLEASE HELP AS FAST AS POSSIBLE MAKE SURE ANSWERS ARE CORRECT/RIGHT.
    12·1 answer
  • A mindset refers to regard for global culture and identification with individuals everywhere. These people are less influenced b
    11·1 answer
  • Samantha is a single mother raising two young children. In 2015, she was let go from her assembly line job at the car plant wher
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!