1. $7,000 of merchandise inventory was ordered on September 2, 2009 2. $3,000 of this merchandise was received on September 5, 2009 3. On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received. 4. On September 10, 2009, $800 of the merchandise was returned to the seller. Based on the above information,
what would be recorded as net purchases amount after all of the transactions have been recorded?
A) $2,200
B) $2,134
C) $2,450
D) $2,384
D
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The income statement helps users
A) assess the company's risk. B) review the impact of economic factors affecting the company. C) compare and contrast performance against a competitor. D) All of these answer choices are ways in which the income statement helps users.
The highest rates of urbanization are occurring in
A. heavily populated nations. B. post-industrial nations. C. high-income countries. D. thinly populated nations. E. low- and middle-income nations.
Which of the following is true with regard to fill rates and inventory?
a. There is a strong relationship between fill rates and the amount of inventory in stock. b. As inventory is added in steady increments, a firm’s fill rate decreases. c. The higher the fill rate, the easier it is to improve the fill rate. d. Fill rates are inversely related to inventory levels.
The Guitar Center traces its roots to 1959 when Wayne Mitchell opened a home organ store in California. In 1964, the company began selling guitars and amplifiers and changed its name to the Guitar Center. The company added stores gradually and today is known as the largest musical instrument retailer in the world. The company continues to grow and maintains over 250 stores across the United States. According to their website, "Guitar Center is home to the world's largest selection of popular guitars, basses, amplifiers, keyboards, workstations, drums, percussion, microphones, PA systems, DJ equipment, stage lighting, recording software, studio gear and more." Assume that you are one of the brand managers for a line of products such as guitars or keyboards. Which of the following would be
most important to you in assisting you to forecast sales and plan inventory levels for the chain of stores? A. Consumers' discretionary income B. Consumers' wealth C. Consumers' debt D. Consumers' disposable income