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
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)

You might be interested in
Jay is an 21 year old college senior. He reads on a financial blog that interest rates are being lowered by the Federal Reserve.
IceJOKER [234]

Answer:

A.

Explanation:

6 0
3 years ago
Read 2 more answers
What does it mean for a marketer to use an integrated promotional strategy?
Damm [24]
I feel like it is either A or B
6 0
2 years ago
Read 2 more answers
Erik is a sales representative for an established building materials manufacturer. Business is good, but he is concerned that th
RideAnS [48]

Without new products, Erik can market his current products only to his current market the same products to similar customers

<h3><u>Explanation:</u></h3>

New product development involves a lot of research work. This plays a vital role in making the newly developed product to be more successful. The research team must first identify the areas that can be improved with the requirements and feedback from their loyal customers.

But in the given example, Erick’s company is already successful with the developed product for more than five years. Hence, it is recommended for marketing the current products to the current customers and market the same products to similar customers.

3 0
3 years ago
Company is considering introducing a new compact disc player model at a price of $ 105 per unit. Santos ​'s controller has compi
FinnZ [79.3K]

Answer:

flkdsahogherojgklaexijgu

Explanation:

3 0
3 years ago
Which form of mass media was developed from a defense department project?
Kazeer [188]
The internet was the form of mass media developed from a defense department project
5 0
3 years ago
Read 2 more answers
Other questions:
  • Different bosses have the authority to run their own departments in
    10·2 answers
  • The inventory of Royal Decking consisted of five products. Information about the December 31, 2021. Inventory is as follows:
    7·1 answer
  • The strongest argument for an independent Federal Reserve rests on the view that subjecting the Fed to more political pressures
    12·1 answer
  • The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.
    11·1 answer
  • A useful economic model a. deals only with possibilities that actually occurred. b. will avoid conclusions that have public poli
    14·1 answer
  • 1. The Lounge Company manufactures slippers and sells them at $10 a pair. Variable manufacturing cost is $4.75 a​ pair, and allo
    12·1 answer
  • Charles Berkeley, Inc. just paid an annual dividend of $3.60 per share on its stock. The dividends are expected to grow at a con
    9·1 answer
  • A financial crisis: Suppose the economy starts with GDP at potential, the real interest rate and the marginal product of capital
    14·1 answer
  • The time for one rotation of the Moon is 27.3 days. What is the time revolution for the Moon?
    5·2 answers
  • Market competition is described as a:
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!