Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill. Zephron Music returned 25 % of the goods to the seller and later took a 1 % purchase discount. Assume Zephron Music uses a perpetual inventory system. What is Zephron Music 's final cost of the inventory that it kept? (Round your answer to the nearest whole number.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill. Zephron Music returned 25 % of the goods to the seller and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A division is considering the acquisition of a new asset that will cost $2,520,000 and have a cash flow of $700,000 per year for each of the four years of its life. Depreciation is computed on a straight-line basis with no salvage value.
Answers (1)
A painter pays $500 for paint he uses to repaint a house. He then presents a bill for $1200 that covers his time and expenses to the homeowner. How much do these transactions add to the GDP
Answers (1)
What are federal corporate income taxes considered before they are paid to the government? A) Assets B) Liabilities C) Equity D) Expenses
Answers (1)
Gordon Company's total assets increased by $60,000 during the year, and its liabilities decreased by $35,000. Did Gordon's stockholders' equity increase or decrease? By how much?
Answers (1)
The accounting profit is equal to
Answers (1)
New Questions in Business
Suppose that M = 300, P = 100, and Y = 6. Then the velocity of circulation equals Select one: a. 2.00. b. 3.00. c. 50 d. 0.50. e. 0.02.
Answers (1)
Suppose that today, the current yield for a corporate bond is 4.3%. If the market price goes up by 11% tomorrow, compute the current yield after the increase.
Answers (1)
Determine the future amount if $240,000 is to be received 5 years from today, at 10 percent annual interest.
Answers (1)
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value.
Answers (1)
Tirri Corporation has provided the following information: Cost per UnitCost per Period Direct materials$7.35 Direct labor$3.55 Variable manufacturing overhead$1.40 Fixed manufacturing overhead $24,100 Sales commissions$1.
Answers (1)