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algol [13]
4 years ago
5

Beckett Co. sold merchandise on account for $11,700, terms 1/10, n/30. Freight charges of $360 were prepaid by the seller and ad

ded to the invoice. The customer returned $1,350 of merchandise before making the payment then paid the invoice within the discount period. What is the amount Beckett Co. received?
Business
1 answer:
Yuki888 [10]4 years ago
3 0

Answer:

Beckett Co received $   10.699,65‬

Explanation:

We have to determnate the balance of the invoice after the returned and the discount granted. We also have to receive the freight from the customer as we prepaid them to refund this amount against the customer:

invoice balance:

11,700 nominal less 1,350 return = 10,350

discount granted: 10,350 x 1% =           (10.35)

freight refund                               <u>       360        </u>

total cash proceeds:                      10.699,65‬

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To compute trend percents the analyst should______________.
KonstantinChe [14]

Answer:

A.Select a base period, assign each item in the base period statement a weight of 100%, and then express financial numbers from other periods as a percent of their base period number.

Explanation:

The trends percentages are similar to horizontal analyzes, except that comparisons are made based on the selected base year or cycle. Trend percentages are useful for comparing financial statements over several years as they explain changes over time and trends. You can calculate Trend percentages as follows:

- Selection of year or semester and the base year period.

- Assign 100% weight to the amounts in the financial statements of the base year.

- In the financial statements of other years, the corresponding amounts are expressed as a percentage of the base year or period then calculate percentages by year / base year and click 100 to get one percent.

6 0
3 years ago
Suppose that jack and sophia and hal enter to close on the business without the non-competition agreement. jack states that he w
Advocard [28]
The conditions here exposed need to meet some other requiremtns. For example that Jack decided to sell some property, like frozen food and by that violating the non-competition agreement. Of course that would happen if Hal and Sophia agree to pay the extra 100.000. If Hal and sophia have not paid by the time Jack sues them then HAl and sophia would win  because Jack had already had an existing legal duty for him not to compete with them . 
3 0
4 years ago
Astor, a cash-basis taxpayer, died on February 3. During the year, the estate's executor made a distribution of $12,000 from est
Anettt [7]

Answer:

d. $42,000

Explanation:

Calculation for what was the estate's distributable net income (DNI)

ESTATE'S DISTRIBUTED NET INCOME

GROSS INCOME:

Taxable interest $65,000

ESTATE DISBURSEMENTS:

Less Administrative expenses ($14,000)

Less Charitable contributions from gross income ($9,000)

DISTRIBUTED NET INCOME (DNI) $42,000

($65,000-$14,000-$9,000)

Therefore the estate's distributable net income (DNI) will be $42,000

7 0
3 years ago
Bruno’s Gelato Café has a fixed cost of $100. The variable cost of producing 10 gelatos is $20, and the variable cost of produci
WINSTONCH [101]

Answer:

TC = $122, MC = $22

Explanation:

Total cost = Fixed cost + Variable cost

Total cost of producing 11 gelatos

$100 + $22 = $122

Marginal cost of producing 11 gelatos

MC = Change on total cost / change in quantity

=\frac{122 - 100}{11 - 10}

= $22/1

MC = $22

5 0
3 years ago
Three basic decisions must be made by all economies. What are they?
KiRa [710]

Answer:

3 basics decision that need to made or taken by all the economies are

1. What to produce

2. For whom to produce

3. How to produce

Explanation:

The 3 basic decisions which should be made by the all economies are:

1. What to produce - Under this, the economies need to decide that what product or service they need to produce, which is liked by the consumers or purchased by the consumers so that they could sell their product in the market and earn profit out of it. In this, the economy need to take care of the needs or demand of the consumers and produce accordingly.

2. How to produce - Then the second decision is regarding how to the produce the goods or services, which the customers or consumers want as they have the limited resources available with them and from that they cannot produce all the products. So, they need to choose or decide.

3. For whom to produce or who consumes it - Under this, they required to take the decision regarding that for whom they are producing the goods or services whether it is a company or a consumer or economy.

5 0
3 years ago
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