Solution-What amount will Anne Marie record in her

What amount will Anne Marie record in her purchases account

Reference no: EM132600921

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Q1. Anne Marie went to a merchandisers' market on January 6th and purchased 25 coffee tables at $62 each. The terms of payment of the invoice were 2% 10, Net 30. When she returned to her office on January 10th, she wrote out and mailed a check to pay the invoice. What amount will Anne Marie record in her purchases account?

a. $1,835

b. $1,804

c. $1,519

d. $1,550

Q2. Susan's Stationery sold goods that cost $42,000, and had expenses that totaled $5,600. The average stock of goods in a year ending December 31 was $7,500. What is Susan's Stationery inventory turnover ratio in a year ending December 31?

a. 7.50

b. 5.60

c. 6.25

d. 4.67

Reference no: EM132600921

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What amount will Anne Marie record in her purchases account

Reference no: EM132600921

Reference no: EM132600921

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