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drek231 [11]
3 years ago
12

Glenn Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/30. What is the net co

st of the goods if Glenn Company pays within the discount period? a. $8,100 b. $8,280 c. $8,820 d. $9,000
Business
1 answer:
Charra [1.4K]3 years ago
5 0

Answer:

The correct answer is B

Explanation:

The net cost of goods is computed as if the paid in the discounting period:

Net Cost of goods = Inventory cost - (Inventory cost × Discounting percentage)

where

Inventory cost is $9,000

Discounting percentage is 2%

Putting the values above:

Net Cost of goods = $9,000 - ($9,000 × 2%)

Net Cost of goods = $9,000 - $180

Net Cost of goods = $8,280

Therefore, the amount of $8,280 will be paid by the company if paid within the discounting period and avail the discount of $180.

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jarptica [38.1K]

Answer:

Explanation:

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8 0
2 years ago
4.You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan
Anon25 [30]

Answer:

$124,966.9

Explanation:

The computation of the market or resale value is shown below:

$100,000 = $10,000 ÷ (1.15^1) + $10,000 ÷ (1.15^2) + $10,000 ÷ (1.15^3) + $10,000 ÷ (1.15^4) + Resale value  ÷ (1.15^4)

$100,000 = $8695.65 + $7561.44 + $6575.16 + $5717.53 + Resale value ÷ 1.749006

Resale value ÷1.749006 = $71,450.22

So, the resale value is  = $124,966.9

We simply applied the present value formula

3 0
3 years ago
A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually and increase at a constant
jenyasd209 [6]

Answer:

$0.72

Explanation:

The computation of the amount of the last dividend paid is shown below:

Market price of a stock = Last dividend × (1 + growth rate) ÷ Required  rate of return - growth rate

$12.36 = Last dividend × ( 1 + 0.03) ÷ 0.09 - 0.03

$12.36 = Last dividend × (1.03) ÷ 0.06

$12.36 × 0.06 = 1.03 × last dividend

$0.7416 = 1.03 × last dividend

So,

last dividend is

= $0.7416 ÷ 1.03

= $0.72

7 0
3 years ago
One of your customers has just made a purchase in the amount of $23,200. You have agreed to payments of $445 per month and will
Alja [10]

Answer:

85.43 months

Explanation:

Purchase = $23,200

Payment per month = $445

Interest rate = 1.26%

Therefore the solution is:

$23,200 = $445[(1 − 1/1.0126^t) / .0126]

t = 85.43 months

3 0
3 years ago
Using the Goal Seek function in Microsoft Excel, prepare an Excel spreadsheet to answer the following questions: Warner Clothing
Masja [62]

Answer:

3,500 units

6,000 units

Explanation:

Given:

Sales Price = $15 per unit

Variable cost = $3 per unit

Fixed cost = $42,000 per month

A. Break even point

Break even point(in units) =  Total fixed cost / (Sales Price - Variable cost)

                             =  $42,000 / ($15 - $3)

                             = $42,000/ $12

                             = 3,500 units

B. Number of sales unit

Sales unit for desired profit = (Total fixed cost + Desired profit)/ (Sales Price - Variable cost)

                                             = ($42,000 + $30,000) / ($15 -$3)

                                             = $72,000 / $12

                                             = 6,000 units

3 0
3 years ago
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