Answer:
Cost of inventory =$73,280
Explanation:
The term 3/10 implies that the company would get a discount of 3% off the gross purchase price if its settles its account within 10 days of purchase. Since the payment was made 9 days after then the discount is secured.
The cost of inventory = the net purchase price + the freight charges
Net purchase price = Gross amount - discounts
Net purchase price = 74,000 - (3%× 74,000)=$71780
The cost of inventory = 71,780 + 1500= 73280
Cost of inventory =$73,280
When bonds are sold to investors, the government benefits because it gets an injection of cash, while the purchaser benefits because in a few years it will have accrued interest.
Based on the metrics given, we can say that shipping errors were <u>not very impactful </u>on customer questions.
<h3>Relationships between metrics</h3>
- Customer questions kept rising by 2% from the first month till the third month.
- Shipping errors (shipped incorrectly) rose by 2% from the first to the second month and then stayed constant.
What we then realize is that even though questions kept rising, shipping errors only rose once which means that shipping errors did not account for much of customer questions. If it did, the customer questions would have stayed constant as well.
In conclusion, shipping errors were not very impactful.
Find out more on performance metrics at brainly.com/question/4295533.
Answer:
The contract would be described as <em>International Contract.</em>
Explanation:
<em>International Contracts: </em>International contracts refers to a legally binding agreement between parties based in different countries, in which they are obligated to do or not do certain things. International contracts may be written in a formal way such as the example of Frank contracting an Indian television provider.
Consequently, Frank and the Indian television provider having entered into a contract, are governed by international contract law unless they agree to abide by the laws of one of the US and India.
Moreover, <em>International sales contracts </em>are governed by the <em>United Nations Convention on Contracts for the International Sale of Goods (CISG) from 1980.</em>
<span>Lorenzo would be required to pay all of his premiums regardless since he is self employed. Since he is self employed he should be able to deduct these premiums at the end of the year</span>
