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svp [43]
3 years ago
13

Purchase-Related Transactions The Wheatland Company purchased merchandise on account from a supplier for $16,800, terms 1/10, n/

30. The Wheatland Company returned $2,200 of the merchandise and received full credit. a. What is the amount of cash required for the payment within the discount period?
Business
1 answer:
Anastaziya [24]3 years ago
4 0

Answer:

The amount of cash required for payment within the discount period is $14454.

Explanation:

The account payables were due for 16800 after the purchase. When thegoods are returned, the accounts receivables fall by 2200 and the new balance becomes 16800 - 2200 = $14600.

The discount term states that if payment is made within the next 10 days of purchase, a 1% discount can be availed (1/10).

If the payment is made in discount period then discount received will be,

Discount received = 14600 *1% = $146

The cash required for payment will be 14600 - 146 = $14454

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A​ profit-maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker increased the​
Galina-37 [17]

Answer:

$500

Explanation:

The computation of the current prevailing weekly wage rate in the labor​ market is shown below:

= Firm weekly revenues for firm's total weekly output of 111 units - Firm weekly revenues for firm's total weekly output of 110 units

= $25,750 - $25,250

= $500

Simply we deduct the revenue of 111 units by the revenue of 110 units, so that the actual wage rate can come

7 0
3 years ago
When a company sets the date that the final payment is due to the bondholder, they are setting the ________ date.
ruslelena [56]

The company is setting the maturity date when the final payment is due to the bondholder.

The bondholder is the owner of the debt securities which are issued by companies or governments.

The bondholders are the parties who are lending their money to the bond issuers.

So, the bondholders are entitled to periodic repayment of the bond from the bond issuers.

So, when the Final payment is due to the bondholder, the date is addressed as maturity date because that is when the bond contract lapses unless the repayment is not complete.

Learn more about this here

<em>brainly.com/question/10552548</em>

6 0
3 years ago
On january1, 1994, Joan sMITH BEGAN HER BUSINESS BY INVESTING 35,000 in cash in a checking account that
BARSIC [14]

A checking account is important to keep the money for easy withdrawals through usually an Automated Teller Machine, or ATM

<h3>What is Accounting?</h3>

This refers to the record-keeping of financial records with the aim of keeping track of the finances of a business or corporation.

Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.

Read more about accounting here:
brainly.com/question/26243955

3 0
3 years ago
Sunset Resort, a successful 100-year-old hotel and resort, entered into a co-marketing arrangement with Sleepytime Hotels, a fiv
professor190 [17]

Answer:

Yes its true that both companies are strategic allies.

Explanation:

In strategic alliance, two companies work together to achieve their combined objectives. For example if we talk about Sony Ericson K510i cellphone, it was one of best selling cell phones at its time because two companies Sony and Ericson worked together to increase their sales and earn profit. One of these had display and camera capabilities and the other had cellphone designs, etc. These were the things that made the product differentiated from the rest of the cellphones and we see that both companies earned a lot from it.

3 0
3 years ago
There is a large transportation network in order to get from the point of manufacture to the point of sale
daser333 [38]

Answer:

True

Explanation:

It is TRUE that there is an extensive transportation network to get from the point of manufacture to the end of the sale.

After the product is manufactured in the factory, it will go through or bought by different wholesalers who will have to sell to a group of retailers, all in various places, before being sold to final consumers.

In most cases, there is usually a long list of retailers before the goods reached the final consumers. This movement of goods between all the stakeholders involved can go through various locations, states, or regions before it finally gets consumed.

Hence, in this case, the correct answer is "TRUE."

8 0
3 years ago
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