Assume a company orders 100 rolls of wire that has a listed selling price of $100 per roll, but is offered a trade discount of 25% and an additional 10% since the supplier is overstocked in this particular brand of wire. Terms are 2/10/net 30. Calculate the company’s purchase price of the 100 rolls of wire, assuming it plans to pay the invoice within 10 days. Group of answer choices $10,000 $ 6,300 $ 6,615 $ 3,700 $ 9,995

In business, what would be the input, conversion and output of operating a summer band camp

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund