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balandron [24]
3 years ago
11

On january 1, george paid the $2,345 in taxes for the current year. if he sold the property on june 23 of that same year, how mu

ch would he be credited at closing? (use a 360-day year.)
Business
1 answer:
m_a_m_a [10]3 years ago
3 0
<span>June 23 is the 174th day of a non-leap year. 174 is 48.3% of 360, therefore George should pay 48.3% of $2,345 to the Government. The government thus owes George, and should credit him 51.7% of $2345, which amounts to $1212.37</span>
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On August 1, our company purchases $1,000 worth of merchandise inventory on credit with the terms 2/10, n/30. What is the amount
vampirchik [111]

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Early Settlement Discount

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However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

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7 0
3 years ago
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3 0
3 years ago
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