subject
Business, 10.10.2019 03:30 natcooper6204

On may 1, ace bonding company purchased inventory costing $2,000 on account with terms 2/10, n/30. on may 18, ace pays for this inventory and records which of the following using a perpetual inventory system? a. accounts payable 2,000 cash 2,000 b. accounts payable 1,960 inventory 40 cash 2,000 c. accounts payable 2,000 inventory 40 cash 1,960 d. cash 2,000 accounts payable 2,000

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:40
According to the philosopher immanuel kant, the right of employees to know the nature of the job they are being hired to do and the obligation of a company not to deceive them in this respect is mainly reflective of the basic right of . privac yb. free consentc. freedom of speechd. freedom of consciencee. first refusal
Answers: 1
question
Business, 22.06.2019 12:20
If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation
Answers: 3
question
Business, 22.06.2019 12:50
Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
Answers: 2
question
Business, 22.06.2019 14:30
What’s the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4,750 $5,000 $5,250 $5,513 $5,788what is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? cash flows: today (t = 0) it is $750, after one year (t = 1) it is $2,450, at t = 2 it is $3,175, and at t=3 it is $4,400. draw a time line. $7,917 $8,333 $8,772 $9,233 $9,695
Answers: 2
You know the right answer?
On may 1, ace bonding company purchased inventory costing $2,000 on account with terms 2/10, n/30. o...
Questions
question
Mathematics, 23.10.2019 22:00
question
History, 23.10.2019 22:00
question
Health, 23.10.2019 22:00