Roland industries purchased $2,200 worth of inventory on account on august 6th. the terms were 2/15, n/eom. roland industries also paid freight charges of $110 on august 7th. roland industries was granted a $190 purchase allowance for slightly damaged goods. prepare the journal entry on august 15th when roland industries pays the invoice in full.

Answers

Answer 1

Answer:

Journal entry on August 15th for Roland industries for payment of the invoice in full:

It is given that Roland industries purchased $2,200 worth of inventory on account on august 6th. Roland industries were granted a $190 purchase allowance for slightly damaged goods. It means the net amount of invoice is (2200-190) = $2,010. We are also given that the terms were 2/15, n/eom. Now the company paid the invoice on 15th August, it means it shall get the discount of 2% and the net amount to be paid shall be = 2010- (2010*2%) = $1,969.80

The Journal entry on August 15th for Roland industries for payment of the invoice in full shall be as follows:

Account Payable Debit $2,200

Inventory Credit $190

Purchase Discount Credit $40.2

Cash Credit $1,969.80

(Being payment made in full and discount received)

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One way that teams can be broadly classified as either ____.

Answers

functional or cross-functional

Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.

Answers

Answer:

The options are

A) as small as possible; all

B) equal; all

C) equal; normal

D) maximized; all

The answer is B) equal; all

Ricky not being in a consumer equilibrium and he considering the prices prices of goods means he allocated all his income in such a way that entails his marginal utility per dollar spent is equal for all goods.

This is to ensure that he cuts cost and maximizes his spending power.

Pearl, Inc., has offered $422 million cash for all of the common stock in Jam Corporation. Based on recent market information, Jam is worth $391 million as an independent operation. If the merger makes economic sense for Pearl, what is the minimum estimated value of the synergistic benefits from the merger? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Answers

Answer:Minimum Synergy gain = Purchase Price – Market Value Purchase Price $357,000,000 – Market Value $319,000,000 = $38,000,000

Minimum estimated value of synergy would be $38,000,000. With the merger, there would be a net gain from the synergy.

Explanation:

Mate i hope this helps sorry if im wrong

Final answer:

The minimum estimated value of the synergistic benefits from the merger between Pearl, Inc. and Jam Corporation is $31 million. This value is calculated by subtracting the current worth of Jam Corporation ($391 million) from the offer made by Pearl, Inc. ($422 million).

Explanation:

To calculate the minimum estimated value of the synergistic benefits from the merger, you would subtract the current value of Jam Corporation from the offer by Pearl, Inc. This is because the expected synergies are the value-add provided by the merger. In other words, if Pearl, Inc., is prepared to pay $422 million for a company worth $391 million, the difference between those two figures, or $31 million, must be the value of the projected synergistic benefits that Pearl, Inc., hopes to realize as a result of the acquisition.

Learn more about Merger here:

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Samantha was in the final stages of selling her existing business, but she backed out of the deal at the last minute because the buyer asked her to sign a contract stating that she would not enter into a similar business within the state for at least 15 years. This is an example of ______.

Answers

Answer:

An unreasonable noncompete clause

Explanation:

A noncompete clause is any provision of a contract that ensures that one party will not compete directly with the other party by starting a similar business or profession that generates competition between them. In the question, there was an example of An unreasonable noncompete clause, which is any clause provided for in a contract that goes beyond the limitations determined to be legally binding, such as the time period and geographic area where an individual cannot to compete.

with financial calculator You plan to make five deposits of $1,000 each, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 4% nominal interest, compounded semiannually, how much will be in your account after 3 years? Round your answer to the nearest cent.

Answers

Answer:

FV= $6,308.12

Explanation:

Giving the following information:

Semiannual deposit= $1,000

Number of periods= 6

Interest rate= 4%= 0.04= 0.04/2= 0.02

To calculate the future value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= semiannual deposit

FV= {1,000*[(1.02^6) - 1]} / 0.02

FV= $6,308.12

In a financial calculator:

Function: CMPD

Set: End

n= 6

i= 2

PV= 0

PMT= 1,000

FV= solve= 6,308.120963

AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February: Fixed Component per Month Variable Component per Job Actual Total for February
Revenue $280 $39,250
Technician wages $8,400 $8,250
Mobile lab operating expenses $4,800 $31 $9,290
Office expenses $2,400 $3 $2,700
Advertising expenses $1,580 $1,650
Insurance $2,870 $2,870
Miscellaneous expenses $970 $1 $425

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $31 per job, and the actual mobile lab operating expenses for February were $9,290. The company expected to work 150 jobs in February, but actually worked 154 jobs.

Required:
Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February.

Answers

Answer:

I used an excel spreadsheet since there is not enough room here. I ordered the given data:

Fixed Variable Actual Total

Revenue $280 $39,250

Technician wages $8,400 $8,250

Mobile lab operating exp. $4,800 $31 $9,290

Office expenses $2,400 $3 $2,700

Advertising expenses $1,580 $1,650

Insurance $2,870 $2,870

Miscellaneous expenses $970 $1 $425

The actual results yielded an unfavorable operating income variance. Operating income = $14,065, unfavorable variance = $2,645

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