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daser333 [38]
3 years ago
9

A vendor allows a 2% discount if an invoice is paid within 10 days. a purchase was made for $5,000 on june 10 and paid on june 1

9. how much should the check have been?
Business
1 answer:
Kamila [148]3 years ago
8 0
An invoice is a document given from the seller to the buyer stating the quantity of products bought, agreed prices and transactions made between the two parties. If the buyer bought the product in June 10 and decides to pay on the 19th, only 9 days have passed since the date of purchase. This is inclusive of the agreement written that 2% discount is given if paid not more than 10 days. Therefore, the check should be

($5,000)(1-.0.02) = $4900
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Answer:

  • Project A and C given a budgetary constraint of $15,000.
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Explanation:

Find the NPVs of the various projects.

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= Present value of inflows - Cost

= 4,000 / 1.085 + 4,000 / 1.085² + 4,000 / 1.085³ - 7,500

= $2,716.09

Project B:

= 3,000 / 1.085 + 4,000 / 1.085² + 3,000 / 1.085³ - 8,000

= $511.52

Project C:

= 2,500 / 1.085² - 2,000

= $123.64

Seeing as she has only $15,000 to embark on projects, she should pick projects A and C.

Project A should be picked because it has the highest NPV and Project C should be picked because it can still be invested in after Project A given budgetary constraints.

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Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans
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Answer:

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All you have to do is analyze the interest rates charged by the credit card companies and it is really difficult for any investment to match those interest rates.

2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?

I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900

Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.

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7 0
3 years ago
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evablogger [386]

Answer:

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Expected consumption

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Explanation:

4 0
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This is a common arrangement nowadays and is usually used by the organisations to operate their business globally.

Hence from the above we can conclude that the correct answer is franchise.

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