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Dennis_Churaev [7]
3 years ago
11

Bramble Corp. on July 15 sells merchandise on account to Sheridan Company for $4000, terms 3/10, n/30. On July 20 Sheridan Compa

ny returns merchandise worth $1600 to Bramble Corp.. On July 24 payment is received from Sheridan Company for the balance due. What is the amount of cash received?
A. $2280
B. $2328
C. $4000
D. $2400
Business
1 answer:
Vaselesa [24]3 years ago
4 0

Answer:

Amount of cash flow will be $2328

So option (B) will be the correct answer

Explanation:

We have given total merchandise = $4000

And return merchandise = $1600

Here \frac{3}{10} means if Sheridan Company makes the payment within 10 days then he will get discount of 3 % as in the question he makes the payment within 10 days so he will will get 3 % discount

Now amount of cash received = total merchandise - return merchandise

= $4000 - $1600 = $2400

Now discount is 3 %

So after discount amount received =2400-2400\times 0.03=2400-72=$2328

So option (B) will be the correct answer

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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.

<h3>What is the cost?</h3>

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Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.

As a result, opportunity cost describes a decision we must make in order to make another one.

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6 0
1 year ago
Pinder co. produces and sells high-quality video equipment. to finance its operations, pinder co. issued $25,000,000 of five-yea
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$23,021,820.82 is the correct answer. It is the present value of the future maturity value and the $875,000 interest payments, discounted at 4.5%.

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4 0
2 years ago
Beverage companies often use television commercials with images of young people laughing and enjoying themselves on a beach or i
kramer

Answer:

B. Self concepts

Explanation:

Self concepts is basically talls about how individuals perceives or look at their abilities, behavior, unique characteristics and so on. Now, those beverage companies portray people laughing and enjoying themselves while drinking their brand because they aim at selling that concept of happiness as everyone's self concepts revolves around being happy and enjoying one's self. Self concepts gives an idea an individual as on himself on basis of strength, weaknesses, status, contempt and so on.

4 0
3 years ago
Acme Home Builders, Inc., has build 24 houses so far this year at a total cost to the company of $4.80 million. If the company b
Dmitry_Shevchenko [17]

Answer:

25th house's Marginal cost is $250,000.

Explanation:

Given:

Total cost of 24 houses = $4,800,000

Total cost of 25 houses = $5,050,000

Marginal cost = ?

Computation of marginal cost:

Marginal cost = Change in total cost

Marginal cost = Total cost of 25 houses - Total cost of 24 houses

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Marginal cost = $250,000

So, we say that 25th house's marginal cost will be $250,000 .

5 0
3 years ago
Professor’s Annuity Corp. offers a lifetime annuity to retiring professors. For a payment of $74,000 at age 65, the firm will pa
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Answer: 0.10%

Explanation:

The following can be gotten from the question:

n = 15 years

We change it to months. Thus will be:

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Therefore, the monthly interest rate is 0.10%.

8 0
3 years ago
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