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Olenka [21]
3 years ago
5

On December 28, 2021, Videotech Corporation (VTC) purchased 12 units of a new satellite uplink system from Tristar Communication

s for $22,000 each. The terms of each sale were 2/10, n/30. VTC uses the gross method to account for purchase discounts and a perpetual inventory system. VTC paid the net-of-discount amount on January 6, 2022.
Business
1 answer:
andrew-mc [135]3 years ago
8 0

Answer:

$258,720

Explanation:

On January 6, 2022, VTC will pay the discounted amount of $258,720 because he paid the said obligation within the discounted period of 10 days based on the contract. Computation of said amount are as follow;

First, compute the gross amount

$22,000 x 12 units = $264,000

Second, compute the discount

$264,000 x 2% = $5,280

Lastly, deduct discount from the gross value to get the net amount of payment

$264,000 - $5,280 = $258,720 (ANSWER)

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6 0
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What is the difference between a change in aggregate supply and a change in aggregate output supplied?
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3 years ago
Edelman engines has $20 billion in total assets. Its balance sheet shows $2 billion in current liabilities, $10 billion in long-
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<u>Calculation of Edelman's market/book ratio:</u>


The market/book ratio is calculated with the help of following formula:

Market/book ratio = Market price per share / Book value per share


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Hence, Edelman's market/book ratio is <u>1.56</u>





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