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ahrayia [7]
3 years ago
8

July 1 Sold $21,200 of computers to Company with terms 3/15, n/60. Riverbed uses the gross method to record cash discounts. Rive

rbed estimates allowances of $1,378 will be honored on these sales. 10 Riverbed received payment from Robertson for the full amount owed from the July transactions. 17 Sold $212,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Riverbed for its purchase of July 17.
Business
1 answer:
Setler79 [48]3 years ago
4 0

Question is incomplete. I will try to answer to the best of my ability.

Answer and Explanation:

The credit terms '3/15, n/60' and '2/10, n/30' mentioned in the question signifies the terms in which riverbed has sold its product to the buyer.

3/15, n/60 means that if the buyer pays with 15 days since the transaction takes place then the buyer would receive 3% on the receivable.

However, if they fail to pay within 15 days then the buyer would have to pay the full amount within 60 days.

Similarly, 2/10, n/30 means 2% discount within 10 days since the transaction took place. Otherwise full payment after 10 day.

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Which of the following is an example of a good with elastic supply in the short run?
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my be plastic wrep

Explanation:

because it seems to be elastic and its holds on very well

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2 years ago
Mandesa, Inc., has current liabilities of $8 million, current ratio of 2 times, inventory turnover of 12 times, average collecti
Brut [27]

Answer:

The answer is: Cash and marketable securities $5,406,393

Explanation:

We have:

+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;

+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)

+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274

+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333

=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.

5 0
3 years ago
Can anyone please write a summery or a paragraph of life of a homless teen memoir in the Great depression please?
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7 0
3 years ago
At the end of this section, the author provides links to self-assessments to help determine if an individual has what it takes t
LUCKY_DIMON [66]

Answer:

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Entrepreneurs, social psychologists and economic theorists have speculated on whether entrepreneurs are born or made, in other words, if you are predisposed to become an entrepreneur because of your genetic constitution, or if that provision comes from your environment, conditioning or other external factor.

For most entrepreneurs, it is comforting to think that business men and women are made, that even if they lack the "right" DNA, practice, experience and sufficient conditioning to be a success.

6 0
3 years ago
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Stells [14]

Answer: I found the correct and complete question:

Which of the following statements is most CORRECT with respect to international diversification?

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3 years ago
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