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

Which term refers to the cost that motivates an economic decision

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.