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  3. on january 1, 202x, hawks delivery inc. purchased

On January 1, 202X, Hawks Delivery Inc. purchased a van to deliver goods at the...

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Accounting

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On January 1, 202X, Hawks Delivery Inc. purchased a van to deliver goods at the beginning of the current year. The vendor offered Hawks Delivery Inc. financing terms that required Hawks Delivery Inc. to make 6 equal semi-annual payments of $ 36000 at the end of every second quarter. The current interest rate for Hawks Delivery Inc. is 2%. How much would Hawks Delivery Inc. record as the initial purchase price of the van? Round your answer to the nearest dollar. Your Answer: Answer ABC. Ltd. uses a perpetual inventory system and the weighted average cost method. The following represents complete information on inventory transactions for ABC. Ltd. for the year: January 1: Opening inventory 6000 units at $ 9 per unit June 1: Purchased 8000 units at $ 8 per unit August 1: Sold 9000 units at $ 29 per unit October 1: Purchased 4500 units at $ 6 per unit Calculate the gross profit (margin) for the year. Round your answer to the nearest dollar. Your

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