Use Scenario 11.2 to answer this question. In order to keep their suppliers happy, the company assembling the end item wants to make sure they build enough product to order at least one of each of the components on the lowest level of the BOM

Gappule Corp. made a $10,000 sale on account with terms: of 1/15, n/30. If the company uses the net method, which of the following will be included in the journal entry to record customer payment within the discount period?

A) credit Accounts Receivable $10,000 B) debit Sales Discounts Forfeited $100 C) credit Sales Revenue $9,900 D) debit Cash $9,900

Compute net earnings on March 3, when gross (taxable) pay equals $750. FICA-OASDI tax rates are 6.2%, FICA-Medicare rate is 1.45%, federal income tax $71.00, and state income tax $5.00

A) $615.00 B) $610.00 C) $616.62 D) $672.12