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victus00 [196]
3 years ago
9

On January 15, Walton Company sold merchandise on account for $3,000 with terms 3/10, n/30. On January 20, the customer returns

merchandise with an invoice price of $600. On January 25, the customer pays the balance due. What is the amount of cash received by Walton Company?
Business
1 answer:
Margaret [11]3 years ago
7 0

Answer:

The amount received in cash is $2,328

Explanation:

The amount which is received in cash is computed as:

On January 20, the amount of $600 goods returns from customer, so the remaining balance is

= $3,000 - $600

= $2,400

On the remaining balance, the discount which is evaluated as the payment is received within the discount period which is January 25. So,

= $2,400 x  (100% - 3%)

= $ 2,400 x  97%

= $ 2,328

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Tucker Electronic System's current balance sheet shows total common equity of $3,125,000. The company has 125,000 shares of stoc
Airida [17]

Answer:

The answer is $27.50

Explanation:

Total Common Equity(stock) as per book is $3,125,000

Total outstanding shares of equity(stock) is 125,000

Therefore, Tucker Electronic System's book values per share is:

$3,125,000/125,000

$25.

And the market value per share is $52.50

Therefore, the difference between the market value per share and book values per share is:

$52.50 - $25

=$27.50

4 0
4 years ago
If Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Invento
laila [671]

Answer:

The Raw Materials Inventory would have B : debits equaling $19,000

Explanation:

Raw materials are used in a multitude of products. Raw Materials Inventory is the total costs of all components currently in stock that have not yet been used in finished goods production or work-in-process.

Hawkins Manufacturing purchased $13,000 in metal, $6,000 in cloth, and $2,000 in cleaning supplies, the Raw Materials Inventory includes metal and cloth and increases: $13,000 + $6,000 = $19,000

The Raw Materials Inventory would have debits equaling $19,000

6 0
3 years ago
(g) The government imposes a per-unit tax on the production of knowledgium. Which of the seven cost curve(s) would be affected
borishaifa [10]

If the government should impose the per unit tax, the parts that would be affected are the average variable cost and the average cost

<h3>What is the per Unit tax?</h3>

This is the tax that is imposed per unit or on each unit of a good that has being sold or a service that has been rendered.

This is the type of tax that would affect the average variable cost and the average cost.

This type of tax is one that is proportional to the unit of the good sold. This is in terms of the quantity sold and not the price that was used to sell the good.

Read more on tax here:

brainly.com/question/25783927

#SPJ1

7 0
2 years ago
France is widely known for producing great wines. One of the leading French wineries, Château du Beaune, has invested in a winer
igomit [66]

Answer: a. environmental

Explanation:

Efforts by companies to use renewable resources in the production of goods and services are a benefit to the environmental sustainability of the planet.

By using renewable resources like rainwater and solar panels as well as ensuring proper use of pesticides, the company is protecting the water supply as well as organisms that are harmed by pesticides added to reducing electricity demand. These actions will contribute to environmental sustainability.

5 0
3 years ago
Ron Santana is interested in buying the stock of First National Bank. While the bank expects no growth in the near future, Ron i
algol13

Answer:

$38.375

Explanation:

In this question, we apply the Gordon model which is shown below:

Maximum price = Next year dividend ÷ (Required rate of return - growth rate)

= $6.14 ÷ 0.16

= $38.375

We simply divide the dividend rate by the required rate of return so that the accurate and maximum price can come. The growth rate is not given so we do not consider it.

4 0
3 years ago
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