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WINSTONCH [101]
3 years ago
14

Python Company sells merchandise on account for $5000 to Monte Company with credit terms of 2/10, n/30. Monte Company returns $1

500 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
Business
1 answer:
Lisa [10]3 years ago
7 0

Answer:

amount of the check  =  $3430  

Explanation:

given data

sells merchandise account =  $5000

credit terms of 2/10, n/30

Company returns =  $1500

to find out

amount of the check

solution

we will find here amount of the check that is express here as

amount of the check =  (sells merchandise account -  Company returns) × (100 - n )    .......................1

put here value in equation 1 we get    

amount of the check  =  (5000 - 1500 ) × (100% - 2%)

amount of the check  =  (3500 ) × (98%)  

amount of the check  =  $3430  

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Suppose that when the price of good X falls from $10 to $8, the quantity demanded of good Y rises from 20 units to 25 units. Usi
jeka57 [31]

Answer:1.0 and X and Y are substitutes.

Explanation:

Elasticity is the degree of responsiveness of the change in price to a change in quantity demanded. Cross elasticity considers 2 products.

Old price $10

New price $8

Old quantity 20 units

New quantity 25 units

Formula: (change in quantity demandedY/change in priceX) * (old priceX/old quantityY)

{ (25-20) / ($10-$8) } * (10/20) = 1.25

Decision Rule:

> 0 the 2 products are substitutes

< 0 the 2 products are complements

= 0 the 2 products are independent

From the calculation, the products are substitutes because its Elasticity is greater than 0.

8 0
3 years ago
Which sentence describes an incident report? A. Ginger writes a report requesting her manager to purchase new desk chairs. B. Gi
nikdorinn [45]

Answer:

e

Explanation:

it most likely make sense its e because c is forensics and an incident report is usually when an incident/scene happens and everything seems like positive situation besides e

8 0
3 years ago
You just sold 900 shares of Alcove stock at a price of $34.08 a share. Last year you paid $39.20 a share to buy this stock. You
ehidna [41]

Answer:

d. -$4,608

Explanation:

The computation of the total capital gain is shown below:

Total capital gains is

= (End value - Beginning value) × 900 shares

= ($34.08 - $39.20) × 900 shares

= -$4,608

Hence, the  total capital gain on this investment is -$4,608

Therefore the option d is correct

And, the same is to be relevant

5 0
4 years ago
The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $217,000. During 2016, the company had revenues
joja [24]

<u>Given:</u>

Beginning retained earnings = $217,000

Revenues = $417,000

Expenses = $358,500

Dividends = $12,700

<u>To find:</u>

Ending retained earnings

<u>Solution:</u>

To calculate the ending retained earnings first we have to calculate the net income of the company. The formula to calculate the net income is as follows,

\bold{\text{Net income = Revenues - Expenses}}

On plugging in the values in the above formula we get,

\Rightarrow \$417,000 - \$358,500 = \$58,500

The formula to calculate the ending retained earnings is as follows,

\bold{\text{Ending retained earnings = Beginning retained earnings + Net income - Dividends}}

\Rightarrow \$217,000 + \$58,500 - \$12,700 = \$262,800

Therefore, the retained earnings on the balance sheet as of December 31, 2016 will be $262,800 that is option c.

3 0
4 years ago
Weighted average cost of capital American​ Exploration, Inc., a natural gas​ producer, is trying to decide whether to revise its
saw5 [17]

Answer:

American​ Explorations current​ WACC is 9%

Explanation:

The computation of WACC is shown below:

= (Cost of equity × equity percentage) + (after-tax cost of debt × debt percentage)

= (12% × 50%) + (6% × 50%)

= 6% + 3%

= 9%

Since we have to compute only current WACC so we considered the 50-50 ratio. Hence, we ignored 70% cost of debt

WACC shows a relationship between debt, equity and the preferred stock.

3 0
4 years ago
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