Answer: $9779.06
Explanation:
Given,Period = 10 months Rent = $1000 per monthSince, rent is received on 1st day of the month, total number of future cashflows is 9 months. Rate of interest = 6% annual, therefore, interest per month = 6%/12months = 0.5%Present Value of Future Cashflows = Cashflow x PVIFA (Rate of Interest, Period)= $1000 × PVIFA (0.5%, 9)=$1000 × 8.77906= $8779.06Value of Investment = present value of future cashflows + rent received today = $8779.06 + 1000= $9779.06
government subsidies to corporations, including direct payments and tax breaks, such as profitable oil and gas industries receiving large federal subsidies is a policy known as .
These subsidies is a policy known as corporate welfare. When firms fail to pay their employees a living wage, this is an even more egregious example of corporate assistance.
As a result, these employees are frequently subsidies forced to rely on programs such as Medicaid, public housing, food stamps, and other safety nets. More specifically, while the federal government spends over 170 billion dollars on various forms of corporate welfare, it only spends 11 billion dollars on Aid to Dependent Children. A government subsidy is a cash payment or tax break given to a company or individual to help alleviate a burden or boost the economy of a struggling industry or corporation.
To learn more about subsidies, click here.
https://brainly.com/question/17136613
#SPJ4
Explain the Consumer Price Index? (who uses it, how many products are tested) and what is
current inflation rate of the United States?
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas.
The annual inflation rate for the United States is 7.7% for the 12 months ended October 2022 after rising 8.2% previously, according to U.S. Labor Department data published Nov. 10.
A purchaser is someone or a set who intends to reserve, or uses bought goods, products, or services in general for private, social, family, family and similar desires, who isn't always directly associated with entrepreneurial or commercial enterprise sports. The time period maximum typically refers to someone who purchases goods and offerings for private use.“customers, by definition, include us all," stated President John F. Kennedy, providing his definition to the us Congress on March 15, 1962. This speech became the basis for the creation of worldwide consumer Rights Day, now celebrated on March 15. In his speech : John Fitzgerald Kennedy mentioned the indispensable duty to clients from their respective governments to help workout clients' .
Learn more about Consumers here
https://brainly.com/question/380037
#SPJ1
accy 307 exam 2 question 37 sharon is the controller for carla vista inc., a factory that creates unique dog chew toys. until now, carla vista has been using a single plant-wide rate of $10.40 per direct labor hour to allocate manufacturing overhead (moh) costs. sharon has been debating a switch to activity-based costing and has derived the following activity-based rates: $18.00 per machine hour $11.00 per direct labor hour $7.00 per inspection hour a recent production run used 80 machine hours, 250 direct labor hours, and 9 inspection hours. how much moh would be allocated using the newly derived activity-based rates? $4190.00 $2520.00 $1890.00 $4253.00
$13,300 would be allocated using the newly derived activity-based rates
Estimated total production overhead costs = Predetermined overhead rate The allocation base's projected total value
= $840,000 = 140% of the cost of direct labor
Direct labor cost of $600,000
The following formula is used to calculate the manufacturing overhead cost for the Koopers job:
$9,500 × 140% = $13,300
The idea that all past, present, and future events, including human behavior, have already been predestined or accepted is known as predeterminism (by means of God, fate, or some other force). Predeterminism and determinism are inseparably related concepts. Predeterminism is frequently contested by the theory of causal determinism, which holds that there could be an endless series of prior events connected in an unbroken chain. In the case of predeterminism, this series of events has already been preconnected, and human action cannot alter the outcomes of this preconnected chain. Predeterminism is a subset of determinism and can be used to describe pre-mounted causal determinism.
Learn more about predeterminism at
https://brainly.com/question/29343174?referrer=searchResults
#SPJ4
what two assumptions must be met to be able to use the constant dividend growth model to estimate the cost of common equity?
The assumptions used in the dividend growth model are that the company will exist forever. Beside that, the one assumption is also that the dividend will increase at a constant percentage rate.
In business, The dividend growth model generally can be described as a mathematical formula investors can use to determine a reasonable fair value for a company's stock. The calculation of dividend growth model is based on its expected future dividend growth and its current dividend. The dividend growth model have several aspects, such as the stock's current price, The investor's required rate of return, The current annual dividend, and also The expected rate at which dividends will increase.
Here you can learn more about dividend growth model https://brainly.com/question/18650705
#SPJ4
because you are suspected of sending out bulk unsolicited e-mail advertisements, the ftc asks your internet service provider to supply information on what you do in foreign jurisdictions. will you succeed in a lawsuit against your internet service provider for providing such information to the ftc?
No, internet service provider is not providing such information to the ftc because the ISP is shielded from accountability for such behaviour by the US Safe Web Act.
The enforcement of civil (non-criminal) antitrust legislation and the promotion of consumer protection are the primary responsibilities of the Federal Trade Commission (FTC), an independent body of the US government.
Together with the Department of Justice Antitrust Division, the FTC is responsible for overseeing federal civil antitrust enforcement. The Federal Trade Commission Building in Washington, DC, serves as the organization's headquarters. In reaction to the monopolistic trust crises of the 19th century, the Federal Trade Commission
Act, which became law in 1914, formed the FTC. Since its founding, the FTC has enforced both the provisions of the FTC Act, 15 U.S.C. 41 et seq., as well as the provisions of the Clayton Act, a significant antitrust act.
To know more about FTC visit:
https://brainly.com/question/3167441
#SPJ4
dover company owns 90% of the capital stock of a foreign subsidiary located in italy. dover's accountant has just translated the accounts of the foreign subsidiary and determined that a debit translation adjustment of $80,000 exists. if dover uses the fully adjusted equity method for its investment, what entry should dover record in order to recognize the translation adjustment?
The entry will be 72,000.
The fully adjusted equity technique is used to account for investment stakes held by businesses that have minority ownership interests in other businesses.
Other comprehensive Income - Translation adjustment - 72,000
Investment in Italian Subsidiary- 72,000
When enterprises hold a sizable minority stake in another business and have a considerable impact on its strategy and operations, the complete equity method is the accepted accounting practice. This influence typically corresponds to a minimum 20 percent and a maximum 50 percent ownership interest. Majority ownership requires more than 50% of the shares.
To know more about equity technique :
https://brainly.com/question/15397144
#SPJ4
a general fund receives an invoice from the electric utility fund (an enterprise fund) for electricity provided by the electric utility fund. when it receives the invoice, what account should be debited in the general fund
When it receives the invoice, Expenditures—utility services account should be debited in the General Fund.
An invoice is a document that shows the general fund and cost of goods or services provided by a business. It is typically used by businesses account to request payment from customers. An invoice may be created using software, such as Microsoft Excel, or it may be handwritten.
The customer is typically expected to pay the invoice within a certain period of time, typically 30 days.
Hence, the correct option is (c)
The question is incomplete, the complete question is:
A General Fund receives an invoice from the Electric Utility Fund (an Enterprise Fund) for electricity provided by the Utility Fund. When it receives the invoice, what account should be debited in the General Fund?
a. Due from Electric Utility Fund
b. Transfer in from Electric Utility Fund
c. Expenditures—utility services
d. Due to Electric Utility Fund
To know more about invoice, click here.
https://brainly.com/question/24076114
#SPJ4
discuss an example of a business function that could be implemented on each platform, and explain why that platform would be preferred over the other platform.
Information technology is used by businesses to create and distribute the necessary information. A business information system refers to the integrated processes as a whole.
When a company would use web-based information systems or mobile computing in their operations-
These technologies are utilised by the businesses to further their corporate goals. Because they provide information systems with all the software and business process requirements, these technologies are the cause.
When a company wants to let customers incorporate UPS features
These features include cost estimates and tracking into one's own website, which is an information systems approach to fostering client intimacy.
When a company wants to increase productivity and use mass customisation
These methods help achieve corporate objectives by preserving constant profitability and an industry lead.
To know more about Business information technology visit:
https://brainly.com/question/29244533
#SPJ4
improvements in the productivity of labor will tend to: group of answer choices decrease wages. decrease the supply of labor. increase wages. increase the supply of labor.
Improvements in the productivity of labor will tend to option(c) increase wages.
Production per worker or per hour worked is referred to as labor productivity. Skills of the workforce, technology advancement, managerial techniques, and changes in other inputs are all variables that can have an impact on labor productivity (such as capital).
Growth in productivity helps businesses to raise worker wages. Unit labor costs (ULCs), a measure of the labor expenses incurred in generating one unit of output, go down as labor productivity rises, allowing businesses to offset the impact of pay increases on profits.
To learn more about labor productivity, visit the link below:
brainly.com/question/16970195
#SPJ4
in general, aversion therapy and contingency management for substance use disorders are more successful when:
Regaining a normal weight is the first goal of treatment.Anorexia cannot be overcome without regaining a healthy weight and learning how to properly eat.Participants in this process might include:Your primary care physician, who can both monitor your calorie requirements and weight gain.
When people want to get rid of stress, what are the most common things they do?
When people want to get rid of stress, the most common activity they engage in is: entertainment, such as reading, listening to music, or watching television.The following is a description of intentionally faking illness in order to achieve some external gain:malingering.
Which circumstance is most likely to result in a muscle dysmorphia diagnosis?
Body dysmorphia may be exacerbated by certain life experiences and underlying psychological factors, according to the Mayo Clinic.Muscle dysmorphia can affect men and women alike.This condition may be influenced by negative childhood experiences like being bullied or being teased about your size.
Learn more about physician here:
https://brainly.com/question/925545
#SPJ1
which entry mode into a foreign market best serves a high-tech firm because it reduces the risk of losing that competence?
The entry mode into a foreign market best serves a high-tech firm because it reduces the risk of losing that competence wholly owned subsidiaries
What is wholly owned subsidiaries?
A corporation whose common stock is 100% held by another company is referred to as a wholly owned subsidiary.
A parent corporation may acquire a firm and turn it into a wholly owned subsidiary. A corporation whose common stock is 51% to 99% held by a parent company is referred to as a majority-owned subsidiary.
Hence, we can say that A high-tech company is best served by entering a foreign market through one of its fully owned subsidiaries since it lowers the danger of losing that expertise.
Learn more about wholly owned subsidiary. here:
https://brainly.com/question/6890518
#SPJ1
an advertising agency is testing the effectiveness of a new commercial. they are trying out the commercial in three different time lengths (15, 30, and 60 seconds) and two formats (animated vs. live action). each test audience will rate the product after seeing the commercial shown in one way. which description of this study is correct?
Since there are several hundred volunteers, each of the 6 treatment groups will be tested on more than 1 volunteer and make the inference to be more precise or consistent.
a. The best description of this design:
ii. 2 factors(length and format), one having three-level and the other having 2 levels for a total of 6 treatment groups.
b. The principle that is explained here is replication:
This is to ensure that the parameter estimates are consistent and have more precision.
Replication is the act of reproducing or copying something there were three fashions for a way organisms might mirror their DNA: semi-conservative, conservative, and dispersive. or is it a duplicate of something? when a test is repeated and the outcomes from the original are reproduced, that is an example of a replication of the authentic study. a duplicate of a Monet portrait is an example of a replication.
DNA replication is the procedure through which a double-stranded DNA molecule is copied to provide the same DNA molecules. Replication is a critical method due to the fact, on every occasion a mobile divides, the 2 new daughter cells need to incorporate the same genetic statistics, or DNA, as the figure cellular.
To learn more about Replication visit here:
brainly.com/question/13685752
#SPJ4
which is not a potential explanation for ipo short-term underpricing? group of answer choices underwriters can unload more shares at a lower price. due to asymmetric information, firms need to lower price so outside investors are willing to invest. high returns on the first trading day attracts investors. firms want to raise more capital
High returns on the first trading day attracts investors is not a potential explanation for IPO short-term underpricing.
An initial public offering (IPO) is the procedure of selling fresh shares of stock to the general public in a private firm.For a company to hold an IPO, the Securities and Exchange Commission (SEC) and exchange standards must be met.Companies have the chance to raise money through IPOs by selling shares on the primary market.Investment banks are used by businesses to market, assess demand, determine the pricing and timing of initial public offerings, and perform other tasks.An IPO can be viewed as a way for the company's founders and early investors to cash out and receive the full return on their private investment.An IPO is a significant milestone for a business since it gives it access to a large source of funding.Learn more about Initial Public Offering (IPO), here
https://brainly.com/question/12597973
#SPJ4
which collaboration strategy involves allowing team members to air their grievances before deciding on a way to move forward with a plan or project?
The collaboration strategy involves allowing team members to air their grievances before deciding on a way to move forward with a plan or project is disagree and commit.
What is a collaboration strategy?A collaboration strategy is how businesses approach teamwork within their company. A collaboration strategy means the manners in which an organization campaigns or requires workers working together to achieve goals and complete activities or projects.
Therefore, the collaboration strategy involved in permitting team members to air their grievances before and decision is disagree and commit.
learn more about collaboration strategy: https://brainly.com/question/17308414
#SPJ1
the inventory methods that result in the most current costs in the income statement and balance sheet are income statement balance sheet question 43 options: a) fifo fifo b) lifo fifo c) lifo lifo d) fifo lifo
The inventory methods that result in the most current costs in the income statement and balance sheet are income statement balance sheet is the LIFO
The income statement will reflect the most recent costs as a result of LIFO. The cost of products sold will reflect current costs because this method implies that the most recent inventory expenses are sold to customers first.
It uses the last in, first out (LIFO) method of inventory accounting. In accordance with LIFO, expenses are subtracted beginning with those for the most recent purchases of items (or produced). Only in the United States is LIFO practiced, and it is governed by generally accepted accounting rules (GAAP) For nonperishable items, LIFO (last in, first out) inventory management is preferable as it determines the cost of goods sold using the current pricing.
Learn more about LIFO visit https://brainly.com/question/29022341
#SPJ4
carpenter inc. had a balance of $80,000 in its quality-assurance warranty liability account as of december 31, 2020. in 2021, carpenter's warranty expenditures paid were $445,000. its warranty expense is calculated as 1% of sales. sales in 2021 were $40 million. what was the balance in the warranty liability account as of december 31, 2021?
The balance in the warranty liability account as of December 31, 2021 will be $35,000.
Warranty expense for 2021 = $40 millions * 1%
Warranty expense for 2021 = $400,000
Balance in Liability on 31 Dec = Warranty Liability on 1 Jan + Warranty Expenses - Warranty Expense paid
Balance in Liability on 31 Dec = $80,000 + $400,000 - $445,000
Balance in Liability on 31 Dec = $35,000
A warranty liability is an account that a business uses to record the cost of repairs or replacements that it anticipates having to make for goods that have already been shipped or services that have already been rendered. When it comes to more complicated products that are prone to breaking, this can be a serious liability.
To know more about liability refer:
https://brainly.com/question/14524895
#SPJ4
how does depreciation affect the tax basis of an asset? multiple choice question. the tax basis is reduced by the depreciation expense deducted on the tax return each year. the original basis is increased by the depreciation allowed or allowable on the asset each year. the original basis is increased by the depreciation expense deducted on the tax return each year. the tax basis is reduced by the depreciation allowed or allowable on the asset each year.
Each year that an asset's tax basis is affected by depreciation, the tax basis is reduced by the amount of allowable or allowed depreciation on the asset.
An asset is a resource with economic value that a person, organization, tax or nation owns or manages with the hope that it will someday be useful. Each year that an asset's tax basis is affected by depreciation, the tax basis is reduced by the amount of allowable or allowed depreciation on the asset.
A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced tax to raise a company's value or enhance its operations.
Whether it's a piece of manufacturing equipment or a patent, an asset can be thought of as something that will, in the future, increase sales, lower costs, or generate cash flow.
Learn more about asset here
https://brainly.com/question/14404094
#SPJ4
what is the future value of $3,100 in 18 years at an apr of 8.4 percent compounded semiannually? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The future value of $3100 in 18 years at an interest rate of 8.4% compounded semiannually is $13633.24.
Here, if I take 1.04236, it equals 4.40.
If 1.04236 = 4.39782 is taken, then A = $3100 multiplied by 4.39782 equals $1633.24.
The sum that the lender demands from the borrower in addition to the principal amount is known as the interest rate.
An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Compounding is the process of repeatedly adding earnings to the principal invested in order to cause a sum of money to grow exponentially over time. When interest is calculated, it Compound is done so on the initial principal as well as all of the accumulated interest from prior periods.
Learn more about intrest rate here :
https://brainly.com/question/13324776
#SPJ4
jp morgan chase co. (jpm) has earnings per share of $3.35 and a p/e ratio of 11.42. what is the price of the stock? (round your answer to 2 decimal places.)
P/E ratio = (market value per share) / (Earnings per share)
11.42 = (market value per share) / 3.35
Market value per share = 11.42*3.35 = 38.257
Price of stock = 38.257
P/E =11.42
E = $3.35
P=$3.35*11.42
price of the stock, P= $38.257
In finance, stock (additionally capital stock) consists of the stocks of which possession of an enterprise or enterprise is split.[1] (mainly in American English, the word "stocks" is likewise used to refer to stocks.)[1][2] An unmarried proportion of the stock approach fractional possession of the agency in share to the entire quantity of shares. This commonly entitles the shareholder (stockholder) to that fraction of the company's income, proceeds from the liquidation of belongings (after discharge of all senior claims along with secured and unsecured debt),[3] or voting strength, frequently dividing these up in proportion to the quantity of cash each stockholder has invested. Now not all inventory is necessarily the same, as sure instructions of stock may be issued for instance without balloting rights, with more suitable voting rights, or with a sure precedence to obtain profits or liquidation proceeds before or after other classes of shareholders.
Learn more about stock here
https://brainly.com/question/25818989
#SPJ4
for each dollar paid in taxes, approximately how much do households in the top quintile receive back in the form of government expenditures?
For each dollar paid in taxes, approximately households in the top quintile receive back in the form of government expenditures is :-
29 cents.
How is negligible assessment rate determined?
To ascertain the minimal expense rate on the speculation, you'll have to sort out the extra duty on the new pay. In this model, $500 will be charged at 15% and $500 at 25%. This produces expense of $200, which on pay of $1,000 causes the minor duty from making that venture equivalent to $200/$1,000 or 20%.
How would you find the typical duty rate?
The typical duty rate is the aggregate sum of assessment separated by complete pay. For instance, in the event that a family has a complete pay of $100,000 and pays charges of $15,000, the family's typical expense rate is 15%.
What is the typical duty rate quiz let?
Normal Expense Rate is your assessment bill partitioned by your available pay at the end of the day, the level of your pay that goes to settle charges. Your peripheral duty rate is the pace of the additional assessment you would pay assuming you acquired another dollar.
Learn more about taxes here:
https://brainly.com/question/1775528
#SPJ4
laura went to walmart to check the quality, sizing, and price of some branded clothes. but she found the same items at a cheaper price online and bought them online instead of getting them at walmart. what is this practice called?
She found the same items at a cheaper price online and bought them online instead of getting them at Walmart. This practice is called Showrooming.
Showrooming is the exercise of inspecting products in a conventional brick-and-mortar retail shop or other offline putting and then buying it online, from time to time at a lower rate. Online shops often provide lower costs than their brick-and-mortar opposite numbers due to the fact they do now not have the same overhead cost.[1] The opposite phenomenon of showrooming is webrooming. In webrooming clients studies a product online earlier than buying it in a shop. A 2012 comScore study found 35% of U.S. Clients mentioned showrooming and of these, half had been between 25 and 34 years vintage.
Learn more about Showrooming here
https://brainly.com/question/28115426
#SPJ4
the common stock of the p.u.t.t. corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next 3 months. you do not know whether it will go up or down, however. the current price of the stock is $85 per share, and the price of a 3-month call option at an exercise price of $85 is $8.00. a. if the risk-free interest rate is 9% per year, what must be the price of a 3-month put option on p.u.t.t. stock at an exercise price of $85? (the stock pays no dividends.
The price of a three-month put option will be $3.187 if the stock pays no dividend.
What is put option?The right to sell an asset (the underlying) to the writer (i.e., seller of the put) at a specific price (the strike), by (or at), or at a specific date (the expiry or maturity) is granted by the holder (i.e., the buyer of the put option) of a put or put option in the financial industry. When a put option is bought, it is assumed that the buyer has low expectations for the stock that it covers in the future. Since the owner has the authority to "put up for sale" the stock or index, the term "put" refers to this ability. Puts can also be used in conjunction with other derivatives as part of more complicated investing strategies, and they are particularly beneficial for hedging.
To learn more about put option, visit:
https://brainly.com/question/28284085
#SPJ4
masters, inc. prepares a budget that always includes 12 months of data. as each month ends, it is removed from the budget, and another month is added. masters uses which type of budget?
Masters, inc. creates a budget that always includes data for the previous 12 months. Each month is removed from the budget as it ends, and another month is added. Master uses a continuous budget.
What is a continuous budget?
The process of continuously adding one additional month to the end of a multi-period budget as each month passes is known as continuous budgeting. Because the continuous budgeting concept is typically applied with a twelve-month budget, there is always a full-year budget in place.
A business's capacity to produce a top-notch budget is significantly increased if it chooses to adopt continuous budgeting for a shorter time frame, like three months. Since sales forecasts are typically significantly more accurate over short time frames, the budget can be changed based on fairly plausible predictions of business activity.
Learn more about the continuous budget with the help of the given link:
brainly.com/question/1755520
#SPJ4
traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers are:
The traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers are .
Ordering of excess inventory, to achieve quantity discounts and favorable prices
Refuse to halt production to determine the cause of a quality problem, in order to avoid having idle employees and equipment
Try to obtain lower fixed costs per unit under absorption.
Costing system:
Basically, the various accounting systems are used that depend on the company's usage under cost accounting and some of these accounting systems are process costing, activity-based costing, traditional costing, and job order costing.
Given,
Here we need to find the traditional costing systems often commit the cardinal sin of overproduction in a lean production company if managers.
For the predetermined overhead rate allocation bases are direct labor hours or machine, the following options are correct.
They are,
The Ordering of excess inventory in order to achieve quantity discounts and favorable pricesRefuse to halt production to determine the cause of a quality problem, in order to avoid having idle employees and idling time of equipment Try to obtain lower fixed costs per unit under absorption of the time.To know more about Costing system here.
https://brainly.com/question/13450769
#SPJ4
what incentives would you recommend to motivate a product development team responsible for creating new toys?
A behavioral theory known as the "incentive theory of motivation" asserts that people are motivated by a desire for rewards and incentives.
Additionally, according to the incentive theory, individuals avoid actions that could result in punishment and act in a manner that they believe will earn them a reward.
Which three kinds of incentives are there?
However, there are three types of incentives, and they are not just economic in nature: Economic incentives include material gain or loss (doing the right thing), social incentives include reputation gain or loss (being seen as doing the right thing), and moral incentives include conscience gain or loss (doing the "right thing" or not).
Learn more about incentive theory here:
https://brainly.com/question/21810693
#SPJ4
the effort by business managers to balance marginal increases in revenues against marginal increases in costs, which automatically results in maximum profits for the firm within market and resource constraints is known as
The effort by business managers to balance marginal increases in revenues against marginal increases in costs, which automatically results in maximum profits for the firm within market and resource constraints is known as Economic Equilibrium.
Business managers are responsible for the overall operation of a company or organization. They develop and implement strategies and policies to ensure the long-term success of the business.
The role of business manager is a demanding one, but it can be extremely rewarding. Those who are successful in this role are usually highly motivated and have a strong desire to see their company succeed.
To know more about business, click here.
https://brainly.com/question/15826771
#SPJ4
Im
What is the formula for determining run rate?
Current revenue for one month x 12
Current revenue for one month / 12
Current revenue for one month - 12
Current revenue for one month + 12
To calculate run rate, take your current revenue over a certain time period—let's say it's one month. Multiply that by 12 (to get a year's worth of revenue). If you made $15,000 in revenue for each month, your annual run rate would be $15,000 x 12, or $180,000.
Question 7, 2008 WAEC. Kofi is a dealer in general merchandise. The following are his transactions for the month of June, 2002. June 1: Sold goods to Mensah Le 20,000 less 10% trade discount. June 4: Purchases from Kwesi the following: 200 iron rods at Le20 each 100 fillers at Le30 each June 6: June 7: June 9: Invoice subject to 10% trade discount. Purchased from Asante Ltd., 10 bottles of gin at Le 30 each. Returned 60 iron rods purchased on 4th June, to kwesi. Sold the following to Kojo: 300 bags of cement at Le15 each, Less 15% trade discount, 150 tins of target at Le10 per tin. June 18: Kojo returned 10 bags of cement bought on the 9th of June. June 20: Sold to Jones 80 iron rods at Le50 each 110 bags of cement at Le16 each 250 fillers at Le35 each Invoice subject to 50% trade discount June 21: Jones was allowed 50% reduction on the total invoice price for goods damaged in transit. June 30: Purchased from Femi: 100 bags of cement at Le 15 each 50 gallon of oil paint at Le20 each 300 metal sheets at Le18 each You are required to write up the following: (a) sales day book (b) sales returns book (d)purchases returns book purchases day book.
Answer: Table uploaded in the Explanation Section
Explanation:
KOFFI SALES DAY BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N) TOTAL (N)
1-Jun Mensah
Goods 20, 000
Less 10% Trade Discount (2, 000) 18, 000
9-Jun Kojo
300 Bags of Cement 15 4, 500
Less 15% Trade Discount -675 3, 825
150 Tins of Target 10 1, 500
5, 325
20-Jun Jones
80 Iron rods 50 4, 000
110 Bags of Cement 16 1, 760
250 Fillers 35 8, 750
14, 510
Less 15% Trade Discount (2, 177) 12, 333
35, 658
KOFFI PURCHASES DAY BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N) TOTAL (N)
4-Jun Kwesi
200 Iron rods 20 4, 000
100 Fillers 30 3, 000
Less 10% Trade Discount -700 6, 300
6-Jun Asante Ltd
Bottles of Gin 30 300
30-Jun Femi
100 Bags of Cement 15 1, 500
50 Gallons of Oil Paint 20 1, 000
300 Metal Sheets 18 5, 400 7, 900
14, 500
SALES RETURNS BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N)
18-Jun Kojo
10 Bags of Cement 15 150
2,250
PURCHASES RETURNS BOOK
DATE QTY DESCRIPTION UNIT PRICE (N) AMOUNT (N)
7-Jun Kwesi
60 Irons rod 20 1, 200
1, 200
spot co. purchases office supplies from sally supplies, inc.. spot does not pay cash for the purchase, and now owes the amount to sally. this transaction would typically be recorded in which account in spot's books?
If spot co. purchases office supplies from sally supplies, inc.. spot does not pay cash for the purchase, and now owes the amount to sally. this transaction would typically be recorded in account payable account in spot's books.
What is account payable?Account payable can be defined as the money a company is yet to pay to their suppliers for the goods that was supplied to them.
Spot co is still owning sally supplies inc based on the fact that after receiving the goods the are yet to pay sally supplies inc which is why the transaction will be recorded as account payable in spot books and sally supplies inc will record it the transaction in their account as account receivables because they are yet to received the money for the goods they supplied to spot.co.
Which is why account payable is often treated as current liability under the balance sheet while account receivable is treated as current assets.
Therefore it will be record as account payable.
Learn more account payable here:https://brainly.com/question/1347024
#SPJ1
Who is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings? question 1 options: vice president of sales sales rep sales assistant sales manager
Vice president of sales is most likely to be treated with deference, such as always getting the best seat in the conference room during meetings.
Deference, or speaking with respect and concern for those who are older or, in some other way, hold a position of authority over you, is referred to as this.
Depending on how closely connected the parties are, the respect may be formal or informal. Formal language and terminology are employed with formal deference. In casual deference, less formal language is always employed, but with respect.
When I need to address someone who is in a higher social or professional position than me, such as professors, medical lawyers, or my boss, among others, I use formal deference. I also show this kind of respect to senior folks who I don't intimidate by always addressing them as Mr. and Mrs.
To know more about deference:
https://brainly.com/question/29247174
#SPJ4