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Mathematics, 30.10.2019 20:31 kids2006

Missouri company uses a perpetual inventory system. on october 1, missouri company sold inventory on account in the amount of $6,500 to montebello company, terms 1/10, n/30. the items cost missouri $4,200. on october 4, montebello returns some of the inventory. this inventory had a selling price of $500 and a cost of $200. on october 8, montebello company paid missouri company the amount due on that date. what is the amount of cash received by missouri company on october 8 for the receipt of payment from montebello? multiple choice $6,500 $6,435 $5,940 $6,300a. calculate robert's adjusted gross income using the above information. b. how much is robert's unallowed loss from his passive investments? c. what happens to the unallowed passive loss? d. calculate robert's adjusted gross income assuming his wages were only $35,000.

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