Sandhill Corporation uses a periodic inventory system and the gross method of accounting for purchase discounts. (a) On July 1, (1) Sandhill purchased $33,000 of inventory, terms 1/10, n/30, FOB shipping point. (2) Sandhill paid freight costs of $1,105. (b) On July 3, Sandhill returned damaged goods and received credit of $3,300. (c) On July 10, Sandhill paid for the good

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service