Answer:
The amount paid should be $1,600
Explanation:
The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
Beacon Food Stores purchased canned goods at an invoice price of $4,000. Half of the goods were returned immediately to the supplier.
The remaining amount of the invoice that Beacon Food needs to pay is $2,000
Beacon Food pays the remaining amount of the invoice within the discount period. The amount of discount the company is offered = $2,000 x 2% = $40
The amount paid = $2,000 - $40 = $1,600
If the commercial banking system actually loans out the maximum amount it is able to lend, excess reserves will fall to Zero
.
<u>Explanation:
</u>
The most key elements of the entire financial system are commercial banks. A commercial bank is an agency based on profits that give loans, receive deposits and sell other financial services, including overdraft and digital funds transfers.
Investments and lending money are the main activities of a commercial bank. Deposits are investments of money, real, or time. A commercial bank also lent its customers resources in the type of loans and loan advances, cash loans, overdraft and bill discounts, etc.
If excess reserves of a bank equal to zero, they are lent when excess reserves of a bank exceed zero. Finally, we neglect other investments than stocks, loans, and savings except for checkable deposits.
Answer:
40% and $400
Explanation:
For computing the change in net operating income, first we have to determine the contribution margin ratio which is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $4 -$2.4
=$1.6
And, Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100
So, the Profit volume ratio = (1.6) ÷ (4) × 100 = 40%
Since the sale is increased by $1,000, so the change would be
= $1,000 × 40%
= $400
Answer:
initial cash flow is 2,929,000
Explanation:
Attached is the table
The correct answer is job evaluation.
The job evaluation is a formal and systemic comparison to determine the worth of one job in comparison to another.