Answer:
Explanation:
2/10 , n/30 is a credit term arrangement where the seller agrees with the buyer that if payments are made within 10 days after purchase , he will enjoy a 2% discount or otherwise pay the full invoice amount at 30 days.
As Jepson paid on the 18th of the same month which is 9 days after purchase , he is entitled to 2% discount on the sales.
<u>Journal Entry</u>
September 8
Credit Sales - $9,600
Debit receivable = $9,600
September 18
Debit Cash - $9,408
Debit sales discount - $ 192
Credit receivable - $9,600
Answer:
Letter C is correct. <u>The Theory X style of management.</u>
Explanation:
The most suitable alternative is the letter C.<u> </u>The Theory X style of management.
Theory X can be defined as one of the currents of thought proposed by Douglas Mcgregor in 1960, and refers to assumptions about the behavior of employees in the workplace, this means that management must be developed from the actions and behaviors of employees , from there different styles of planning, controlling, organizing and dividing tasks will emerge.
In administration based on theory X, the individual is considered self-centered, without ambitions and needs supervision to exercise self-discipline and self-control. Economic benefits must be offered as a form of incentive and punishment.
According to theory X, employees avoid responsibility, so there must be economic incentives for them to be more ambitious and productive.
Answer:
- Compound Interest ⇒ FV = PV x (1 + I ) ^N
- Simple Interest ⇒ FV = PV x I x N
Explanation:
With compound interest the rate of growth needs to be compounded which is why the time period is used to exponentially adjust it.
With simple interest there is no compounding so the value is simply the interest that will be earned every period (which is a constant value) multiplied by the number of periods and the amount to be invested.
Answer:
$30
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
$3.6 / (0.17 - 0.05)
$3.60 / 0.12 = $30
