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3 years ago

An invoice for 450 has terms 2/10, 1/30, n/60. if you pay on the eighth day, how much will you remit

Business

2 answers:

fiasKO [112]3 years ago

8 0

Answer:

$441

Explanation:

The terms 2/10, 1/30, n/60 mean that if you pay within a 10 day period you can get a 2% discount, if you pay within a 20 day period you can get a 1% discount, and if you pay between day 21 and 30, you must pay the full invoice amount. If the client pays later than 30 days, the company will probably charge them a late fee or some interest.

If the invoice was $450 and you pay within 8 days, you will get a 2% discount, and your total payment = $450 x 98% = $441

Ede4ka [16]3 years ago

6 0

This would be your answer 450*. 98=$441

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If you invest $100 at 10 percent compounded annually, how much money will you have at the end of 3 years?

fiasKO [112]

The amount I would have at the end of 3 years is $133.10.

<h3>How much would I have at the end of the 3 years?</h3>

When an amount is compounded annually, both the amount invested and the interest accrued increase in value one a year.

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value
P = Present value
R = interest rate
N = number of years

$100 x (1.1^3) = $133.10

To learn more about future value, please check: brainly.com/question/18760477

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4 0

1 year ago

If consumers are willing to pay a higher price than previously for each level of output, we can say that _______ has occurred. A

Nady [450]

Hey there!!

The correct answer is Option A. an Increase in supply

Hope this helped and I wish you the best in luck! (:

6 0

3 years ago

If the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called afixed-rate

marta [7]

Answer:

Indenture

Deferred call provision

Explanation:

Indenture is defined as the contract that describes the terms of a borrowing arrangement between a firm that sells a bond issue and the investors who purchase the bonds.

A call provision is defined as the right that the issuer of a security has to call or redeem the security at certain times and under specific conditions.

The call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue is called deferred call provision.

8 0

3 years ago

Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following

leonid [27]

Answer:

1. See part 1 of the attached excel file for the T-account.

2. See part 2 of the attached excel file for the T-account.

3. Because BSB is cutting back on its loans, other banks will find they have <u>lower</u> reserves, causing them to <u>reduce</u> their loans. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

4. The correct options are b. Borrow money from another bank and d. Attract additional deposits.

Explanation:

1. Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following T-account for BSB.

Note: See part 1 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Reserves = $500 million * 20% = $100 million

Loans = $500 - $100 = $400

2. Now suppose that BSB's largest depositor withdraws $25 million in cash from her account. BSB decides to restore its reserve ratio by reducing the amount of loans outstanding.

Note: See part 2 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Deposits = $500 million - $25 million = $475 million

Reserves = $475 million * 20% = $95 million

Loans = $475 - $95 = $380

4. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

The correct options are b. Borrow money from another bank and d. Attract additional deposits.

Download xlsx

4 0

2 years ago

Judith Thompson, the manager of the student center cafeteria, has added pizza to the menu. The pizza is ordered frozen from a lo

erica [24]

Answer:

9 pizzas

Explanation:

Given that:

A pizza is ordered frozen from a local pizza establishment and baked at the cafeteria.

Judith anticipates a weekly demand of 10 pizzas.

Opening weeks in a year = 45 weeks

Opening days in a week = 5 days

Daily demand = 10/5 = 2

Ordering cost = $15

Holding cost = $0.40 /pizza/year

Lead time = 4 days

Safety stock = 1 pizza

The objective is to determine the optimal reorder point.

The optimal reorder point = (daily demand × lead time) + safety stock

The optimal reorder point =( 2 × 4 ) + 1

The optimal reorder point = 8 + 1

The optimal reorder point = 9 pizzas

6 0

3 years ago