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1 year ago

The entry to record a sale of 1500 with terms of 2/7

1 answer:

4 0

There will be a credit of $1500 to Sales Revenue included in the entry to record a sale for $1500 with conditions of 2/7, n/30.

<h3>Why is there a 2/10 N 30 sales discount?</h3>

Explain the significance of the credit terms 2/10 and n/30. 2% of the invoice amount may be withheld by the buyer if payment is made within ten days of the invoice date. -A 30-day grace period, after which full payment is expected. duration of the discount The time period during which a customer can pay less and receive a financial discount.

The phrase "2/10 net 30" means that the consumer will save 2% if the entire payment is paid within 10 days. If not, full payment must be made in 30 days.

Learn more about credit terms 2/10 and n/30: brainly.com/question/18716859

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After critical success factors have been identified, the next step in developing a competitive strategy is to develop relevant a

MrRa [10]

These measures are important to help the organization monitor progress toward achieving strategic goals.

<h3>What is a Staretegic Goal? </h3>

This refers to aims and objectives of a business and the steps it takes to achieve them.

Hence, we can see that the next step to take after the critical success factors have been identified is to develop competitive strategy that would help to monitor progress toward achieving strategic goals.

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2 years ago

Today is your birthday, and you decide to start saving for your college education. You will begin college on your 18th birthday

Oksana_A [137]

Answer: 10 years, 175 days

Explanation:

Given the following ;

Payment per period(PMT) = $4000

PERIOD(n) = 4 years

Interest(r) = 12% = 0.12 per annum

Firstly,

Calculating the present value(PV) of the payment per period at 12% rate for 4 years

PV = [PMT(1 - (1 + r) ^-n)] ÷ r

PV = [4000 (1 - (1 + 0.12)^-4)] ÷ 0.12

PV = [4000 ( 1 - (1.12)^-4)] ÷ 0.12

PV = [4000 ( 1 - 0.635518078)] ÷ 0.12

PV = $12,149 (to the nearest whole number)

Now we calculate the period ;

if a deposit of $2542 is made

PV = [P(1 - (1 + r) ^-n)] ÷ r

12149 = [2542(1 - (1.12)^-n)]÷ 0.12

1457.88 = 2542.05(1 - (1.12)^-n)

2542 - 2542(-1.12^-n) = 12149 ×1.12

Log0.42648 = - n * log1.12

n = 7.52 years

There for payment will be made for 7.52 years

Present age = 18 - 7.52 = 10.48

10.48years.

10years, 175 days

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3 years ago

Which of the following will shift the aggregate demand curve to the left?

lisov135 [29]

Answer:

A. Interest rates rise.

C. There is an economic boom overseas that raises the incomes of foreign households.

Explanation:

Option A - It is correct because if the interest rate increases, consumer spending will decline. Therefore, the aggregate demand curve will shift to the left.

Option B - If the government reduces the personal income tax, the consumers will spend more, it will lead the aggregate demand to the right. So, it is wrong.

Option C - Foreign households' income will lead to more savings. Therefore, spending will decline. So, it is the correct statement.

Option D - It is incorrect because corporate profit tax will not consider in the aggregate demand.

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3 years ago

If Luis works 40 hours each week and makes minimum wage of $10.10 an hour, what is his gross pay for 1 paycheck if he gets paid

Mice21 [21]

Answer:

$808

Explanation:

$10.10*80 hours (two weeks)=$808

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3 years ago

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What is the pattern of development in which houses, town houses, condominiums, and two- to six-story apartments are built on par

rodikova [14]

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3 years ago