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andre
2 months ago
9

Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchan

dise with an invoice amount of $8,000 and received full credit.a. If Elkhorn Company pays the invoice within the discount period, what is the amount of cash required for the payment?
b. What account is debited by Elkhorn Company to record the return?
Business
1 answer:
Free_Kalibri [3.7K]2 months ago
6 0
I don't know.
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The Year 1 selling expense budget for Karin Corporation is as follows: Budgeted sales $2,500,000 Selling costs: Delivery expense
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Answer:

The answer to the question is A.

Explanation:

To start, we differentiate between fixed and variable elements:

Fixed costs:

Advertising costs $20,000

Office costs $12,000

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Other variable costs $20,000

Total amount $120,000

Next, we find the ratio of variable costs to total sales:

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