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2 years ago

Purchases transactions

1 answer:

8 0

The amount of cash required by The Bowers Company to make the payment for the purchase of the merchandise from Saunders Corp. within the discount period of 10 days is $7,128.

Bowers Company will enjoy a discount of $72 ($7,200 x 1%) because it is able to settle within 10 days from the date of the purchase.

The terms of the purchase specified 1% discount if payment is made within 10 days and full settlement within 30 days.

Data Analysis and Calculations:

Debit Inventory $9,100 Credit Accounts Payable (Sanders Corp.) $9,100

Trade terms = 1/10, n/30

Debit Accounts Payable (Sanders Corp.) $1,900 Credit Inventory $1,900

Debit Accounts Payable (Sanders Corp.) $7,200 ($9,100 - $1,900) Credit Cash $7,128 ($7,200 - $72) Credit Cash Discounts $72 ($7,200 x 1%)

Thus, the credit period expires after 30 days and the cash required for the payment is $7,128 if the discount window of 10 days is utilized.

Learn more about cash discounts at brainly.com/question/20041802

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This is a probability question

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You are considering three alternative banks in which to open a savings account. The first bank offers you an annual rate r1, and

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Answer:

1) Suppose you were to save $500.0000 in the first bank. The interest rate is r1=8.0000%. Three years from now, you should have

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future value = $500,000 x (1.0643403)³⁶ = $629,856

2) Suppose you were to save $500.0000 in the second bank. The interest rate is r2=5.0000%. Three years from now, you should have

effective interest rate = 1.05 = (1 + r)³⁶⁵

r = 0.013368061% per day

future value = $500,000 x (1.00013368061)¹⁰⁹⁵ = $578,812.50

3) Suppose you were to save $500.0000 in the third bank. The interest rate is r3=3.0000%. Three years from now, you should have

future value = $500,000 x e⁰°⁰⁹ = $547,087.14

4) Let the interest rate in the first bank be r1=8.0000%, and you are considering saving your money for 3 years. The interest rate from the second bank that would make you indifferent between the first and second bank is r2=

$629,856 = $500,000 x (1 + i)¹⁰⁹⁵

(1 + i)¹⁰⁹⁵ = 1.259712

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3 years ago

Rossiter Restaurants is analyzing a project that requires $180,000 of fixed assets. When the period ends, those assets are expec

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Answer:

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The after tax salvage value of a fixed asset used in a project , is included in the NPV calculation . It is a terminal cashflow and is part of the project since the assets being sold are used in production of the items that Rossiter Restaurants sell. However, it is important to note that you will use the PV of the after tax salvage value with the PV of other cash inflows and initial investment amount to find the NPV of the project.

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4 years ago

A manger is described by subordinates as someone who inspires hard work by treating people kindly and giving employees individua

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Answer:

Referent

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The referent power refers to the power in which the employees capacity, capability, skills and knowledge, hard work being liked by the other employees. Ths could be gained from the leadership skills and personality

So according to the given question since the manager described by subordinates through inspiring hard work by giving them attention and praise

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3 years ago

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In this case study maria is doing extinction as she is discriminating employees on the basis of her preference for stopping them to succeed .

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