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
Costs, such as investigating the possibilities of and actually creating or acquiring a trade or business.
Mnenie [13.5K]

Answer:

Start up costs

Explanation:

By definition Startup costs "are the expenses incurred during the process of creating a new business". W can classified as pre start up costs and post start up costs.

For the pre start up costs we have for example research, borrowing costs, and expenses for technology and science.

For the post-opening startup costs we have advertising, promotion, and expenses related to the company.

So the best description for startp up costs is: "Costs, such as investigating the possibilities of and actually creating or acquiring a trade or business."

3 0
3 years ago
While sony and microsoft focused on the graphics and raw processing power favored by hard-core male gamers, nintendo chose to de
anastassius [24]

The answer is- Blue Ocean

8 0
3 years ago
Which of the following methodologies might be most appropriate if you have a system project with: unclear requirements; very fam
Anna71 [15]

Answer:

The last option is wrong, the correct option to that question is: Extreme Programming.

And the correct answer is that option.

Explanation:

To begin with, the name of <em>"Extreme Programming"</em> refers to a specific methodology of development of software that mainly focuses in the improvement of software quality and the responsiveness to changing customers requirements. Moreover, this methodology best fits in the cases where the system project comes with unclear requirements and where there is a short time schedule due to the fact that as a type of agile software development it advocates frequent releases in short time cycles that are primarily focus on introducing checkpoints in where the requirements of the consumers who are unclear can be adopted.

5 0
3 years ago
Helena is only a couple months into running her nail salon business and she
antiseptic1488 [7]

Answer:

A

Explanation:

3 0
3 years ago
Read 2 more answers
Which of the following attributes is most typical of a​ service? A. mass production B. production and consumption occur simultan
kenny6666 [7]

Answer: Production and consumption occur simultaneously

Explanation:

Services are intangible quantities that possess value and can be traded, services cannot be stored therefore it most times is produced and consumed at the same time.

5 0
3 years ago
Other questions:
  • Your local weather forecast is most likely provided by the (a):
    11·1 answer
  • Accounts receivable $ 35,000 debit Allowance for uncollectible accounts 500 credit Net Sales 180,000 credit All sales are made o
    14·1 answer
  • How does selling shares on the stock exchange benefit companies?
    13·1 answer
  • A ______ map shows what the rocks in an area are and what they are made of
    15·2 answers
  • Assume you work for a valuation firm, and you have been given the assignment of valuing a local law firm comprising three partne
    6·1 answer
  • A popular financial strategy in which a company is acquired in a transaction financed largely by debt and eventually paid with m
    11·1 answer
  • When using a __________ strategy, there is no change in either the basic product line or the markets served. Instead, increased
    7·1 answer
  • 9. The cost of producing one more unit of a good is known as a(n) (1) Fixed cost. (2) Variable cost. (3) Operating cost. (4) Mar
    8·1 answer
  • If a bond is purchased at a premium, the yield to maturity is A) the same as the current yield. B) lower than the nominal yield.
    6·1 answer
  • You decide that reading the textbook tonight will lay the foundation for your later success in your economics class. which of th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!