These are payment terms in the accounting. The first term 2/10 means that if you can pay the amount after 10 days, you would be given a 2% discount. If not, that's what the second terms means. This means you have to pay the net or full amount within 30 days.
So, if he can pay within 10 days, he will only have to give $3214.4. If not, then he would have to pay $3280 within 30 days.
<span>You will find every escrow entry showing the running balance after each receipt or disbursement in a journal kept by the sponsoring broker. This journal must show the chronological order of the transactions when funds are received or disbursed by the sponsoring broker.</span>
I believe Target Marketing is your answer
Answer:
$204,800
Explanation:
First, we need to calculate Cost of Good sold
Cost of good sold (COGS) = (Beginning inventory of finished good + Cost of goods manufactured - Ending inventory of finished good)
= 49000 + 94200 - 41000 = 102,200
--> Gross profit = Revenue - COGS = 460,000 - 102,200 = 357,800
Operating income = Gross profit - Operating costs = 357,800 - 153,000 = 204,800
