Business, 21.12.2019 03:31 extra678

Elkins corporation uses the perpetual inventory method. on march 1, it purchased $20,000 of inventory, terms 2/10, n/30. on march 3, elkins returned goods that cost $2,000.
on march 9, elkins paid the supplier. on march 9, elkins should credit :
a. purchase discounts for $400.
b. inventory for $400.
c. purchase discounts for $360.
d. inventory for $360.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 05:30, adazeb2003

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Answers: 1

continue

Business, 22.06.2019 12:10, huangjianhe135

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

Answers: 1

continue

Business, 22.06.2019 13:20, kaylarenee05080

In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to reduce with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.

Answers: 3

continue

Business, 22.06.2019 19:50, ahoney2233

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.

Answers: 2

continue

You know the right answer?

Elkins corporation uses the perpetual inventory method. on march 1, it purchased $20,000 of inventor...