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
Answer:
c. $59,000
Explanation:
The cash flow statements shows the effect of the company's activities on cash. These activities are classed into operating, investing and financing activities.
When an asset is sold, the amount received from the sale is an inflow of cash to the company. This inflow is recognized in the investing segment of the cas flow statement.
Hence, the amount that should be reported as a source of cash under cash flows from investing activities is $59,000.
Answer: $17,000
Explanation:
Produced =400 x $20= $8000
Tire shop bought = 300 x$20 =$6000
Household bought =300 x$50 =$15000
Household - Tire shop = $15000 - $6000 =$9000
GDP= $9000+ $8000 =$17000
Answer:
b. can be described either in terms of the money supply or in terms of the interest rate.
Explanation:
Monetary policies are all policies enacted by the Central bank to control money supply and interest rate in order to achieve certain macroeconomic objectives.
Monetary policy can be expansionary or contractionary.
Expansionary monetary policy is carried out when the objective is to stimulate economic activities. They include open market purchase and lowering interest rates.
Contractionary monetary policy is carried out when the objective to reduce money supply. The Central bank can increase interest and rate and carry out an open market sale.
I hope my answer helps you
Answer: 11.58%
Explanation:
Here is the remaining question:
What is the effective rate on the bank loan?
The effective interest rate would be calculated as:
= 15400/684000 × 360/70
= 0.1157895
= 11.58%
= 11.58%