1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ch4aika [34]
2 years ago
14

A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 2/20, net 90. What cha

nge might be expected on the balance sheets of the manufacturing firm
Business
1 answer:
sweet-ann [11.9K]2 years ago
7 0

The change  that might be expected on the balance sheets of the manufacturing firm is: Increased payables and decreased bank loan.

<h3>What is Account payable?</h3>

Account payable is a liability and can be defined as the money a company  owning their client or the money a company  is expected to pay their  customer or client for the services they rendered to the company

Based on the information given the expected change on  the balance sheet of the company is increase in account payables and decrease in bank loan.

Therefore the change  that might be expected on the balance sheets of the manufacturing firm is: Increased payables and decreased bank loan.

Learn more about account payable here:brainly.com/question/1347024

You might be interested in
Mike is saving his emergency funds in an IRA account. Is his strategy a good one? Select the best answer from the choices provid
alexandr402 [8]

The answer to your question is:

- A. Yes, because IRAs have tax advantages over regular bank accounts.

4 0
2 years ago
A company recently issued 9% preferred stock. The preferred stock sold for $40 a share with a par of $20. The cost of issuing th
Westkost [7]

Answer:

The company's cost of preferred stock is 5.1%

Explanation:

In order to find the cost  of the preferred stock we will need to divide the dividend the company pays on it by the net amount that the company is receiving for selling it.

In order to find the dividend we will multiply 9% by the par value of 20

Dividend = 0.09*20=1.8

Now we need to find the net amount the company receives for selling the preferred stock.

The company sells the stock for $40 but also has a issuing cost of $5, so in order to find the net amount we will subtract the cost from the price.

40-5= 35

35 is the net amount the company receives.

Now we will divide the the dividend 1.8 by the net amount 35

1.8/35=0.051

=5.1%

The company's cost of preferred stock is 5.1%

5 0
3 years ago
In the production of textiles, women would gather and clean the fibers. Once these were complete, the next step would be to ____
svlad2 [7]

Answer: The correct answer is "b. comb and sort the fibers.".

Explanation: Once these were complete, the next step would be to <u>comb and sort the fibers.</u>

The first step was to gather and clean the fibers and then comb and classify the fibers according to their nature.

8 0
3 years ago
Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20
Evgesh-ka [11]

Answer: 2016 CPI is 110

Explanation:

Given the following :

Base year = 2012

Cost of basket in 2012 = $50

Cost of basket in 2014 = $52

Coat of basket in 2016 = $55

The Consumer Price Index (CPI) is calculated using the formula :

CPI = (weighted cost item in current period / weighted cost of item in base period) × 100

Base period / year = 2012

Current period = 2016

Therefore, 2016 CPI equals;

($55 / $50) × 100

= 110

8 0
3 years ago
Norman Delivery Company purchased a new delivery truck for $36,000 on April 1, 2019. The truck is expected to have a service lif
ArbitrLikvidat [17]

Answer:

2019 = 2750

2020 = 5500

Explanation:

Given that:

Cost of truck = $36000

Salvage value = $3000

Useful life = 120, 000 miles

(Cost of asset - salvage value) / useful life

(36000 - 3000) / 120,000 = 0.275

2019 : 0.275 x 10,000 = 2750

2020 : 0.275 * 20000 = 5500

3 0
2 years ago
Other questions:
  • How much money should you save in case you have an emergency? eight months of living expenses six months of living expensestwelv
    8·2 answers
  • In the long term, the elasticity of supply is affected most by
    6·1 answer
  • When costs can be traced to a particular cost object in an economically feasible way, the cost is a:
    7·1 answer
  • True or false, general revenue sharing grants give states the most discretion as to how to spend the money.
    9·1 answer
  • Which of these phrases is call to action
    11·1 answer
  • Which of the following statements is TRUE of employee empowerment? Question 11 options: Jobs must be designed to give employees
    15·1 answer
  • Which is a quality of an effective reward incentive?
    12·2 answers
  • Gilmore, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $210
    11·1 answer
  • Mars, America’s second-largest candy company, began doing business in Russia in the late 1980s. The Snickers bar is one of the t
    11·2 answers
  • Which of the following describes how farmers use GPS devices?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!