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anzhelika [568]
3 years ago
9

A company purchased $9,500 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $475 of that merchandise.

On June 24, it paid the balance owed for the merchandise taking any discount it was entitled to. The cash paid on June 24 equals:
Business
1 answer:
mojhsa [17]3 years ago
6 0

Answer:

The cash paid on June 24  is $8,754.25

Explanation:

The computation of the cash paid is shown below:

= (Merchandise purchase - returned goods) × ( 1 - discount rate)

= ($9,500 - $475) × ( 1 - 0.03%)

= $9,025  × 0.97

= $8,754.25

Since the company paid the amount within the discount period, so it can avail the discount benefit.

We deduct the discount rate from 1 as the percentage value is 100 so that accurate value can come.

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The feeling of being part of something big helps highly cohesive teams to achieve great job performance.

The lack of cohesiveness in Frank's team is evident in the low level of communication as well as the low level of productivity.

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Cost is most plainly visible when spending more money on one thing means that less money can be spent on another thing. True or
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The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.

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