Hormel is giving its customers a cash discount.
<h3>What is cash discount?</h3>
Cash discount is the discount a seller give to a buyer by reducing the amount the buyer was supposed to pay because the buyer make his payment earlier.
Based on the given scenario Hormel offers is offering its food distributors a discount of 15 percent if the distributor paid within the stipulated time or period of 10 days.
Inconclusion Hormel is giving its customers a cash discount.
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Answer:
$400 million less ($176+$84)=$14 million
Explanation:
the percentage of completion method of accounting is more like of income statement because it is used to assess the companys performance and financial position
Tours will be held on the following evenings, for the school districts listed. Times are 6:00 – 8:00 PM on these nights:
* Danville – February 3rd and 4th
* Central Columbia and Millville – February 10th and 11th
* Berwick – February 16th
* Southern Columbia and Bloomsburg – February 17th and 18th
Answer:
$71.5
Explanation:
Inventory forecast is a way of predicting the volume of inventory required to fulfill future orders based on the existing production capacity and other plans relating to production
equation for forecasting inventory = $22 + 0.125 sales
Current sales = $300 million
Annual sales growth rate =32%
sales for next year = 300 + (300*32%)
300 + 96= $396 million
Applying the equation
Inventory = $22 + (0.125*396)
$22 + $49.5 = $71.5 million
Answer:
Current value = $550
Explanation:
You can solve this question using a financial calculator. I am using (Texas Instruments BA II plus)
First, since it is Semiannual coupon, adjust the interest rate to semi-annual rate and multiply 15 years by 2 since we have 2 semi annual periods per year.
<em>Note: If using the same calculator as me, key in the numbers first before the function .</em>
Total duration of investment ;N = 15 * 2 = 30
Interest rate; I/Y = 16% / 2 = 8%
Face value; FV = 1000
Semi annual Coupon Payment ; PMT = (8%/2)*1000 = 40
then CPT PV = $549.689
Therefore the current value of this bond is $550 (rounded to whole number.)
