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dimaraw [331]
2 years ago
14

Complete the following table for the simple discount notes. Use the ordinary interest method. (Round your answers to the nearest

cent.)
Amount due
at maturity Discount rate Time Bank discount Proceeds
$6,000 3.5% 160 days
Business
1 answer:
nekit [7.7K]2 years ago
3 0
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Answer:

B) Pay bills when they are due.

Explanation:

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3 years ago
A tax preparer is part of
USPshnik [31]
C would be the answer
8 0
3 years ago
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The receiving department has three activities: unloading, counting goods, and inspecting. Unloading uses a forklift that is leas
stepladder [879]

Answer:

Calculating the cost of each activity,

Unloading = $ 80,100

Counting = $ 37,500

Inspecting = $54,450

Explanation:

Given:

Unloading lease = $15,000 per year

Fuel for the forklift = $3,600 per year

Maintenance for the forklift = $1,500 per year

Inspection uses some special testing equipment that has depreciation of $1,200 per year

Operating cost = $750.

Receiving employees average salary = $50,000 per year

Salaries; 3 × 50,000 = 150,000

Unloading salary = 40%  × 150,000 = 60,000

Counting salary = 25%  × 150,000 = 37,500

Inspecting salary = 35% × 150,000 = 52,500

                              Unloading                 Counting                    Inspection

Equipment               15,000                                                             1,200

Fuel                           3,600

Operation cost          1,500                                                                750

Labor                       60,000                   37,500                          52,500

Total cost                 80,100                   37,500                          54,450

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3 years ago
Exceptional Electronics began operations September 1, 2019. The firm sells its merchandise for cash and on open account. Sales a
Yuliya22 [10]

Answer:

Since there is not enough room here, I prepared the general ledger, the accounts receivable ledger and the schedule of accounts receivable in an excel spreadsheet (attached).    

Explanation:

Download pdf
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