One of the most common mistakes new business owners make is

Oriole Company sells merchandise on account for $7800 to Sunland Company with credit terms of 2/13, n/30. Sunland Company return

Stella [2.4K]

Answer:

a. $6468

Explanation:

Calculation for the amount of the check

Based on the information given we were told that Oriole Company sells merchandise on account for the amount of $7800 to Sunland Company with credit terms of 2/13, n/30 in which Sunland Company returns the amount of $1200 of merchandise that was damaged which means that the amount of the check will be calculated as:

Amount of the check=[($7,800 - $1,200) *(100%-2%) ]

Amount of the check=$6,600*0.98

Amount of the check=$6,468

Therefore the Amount of the check will be $6,468

7 0

3 years ago

At December 31, 2020 the following balances existed on the books of Rentro Corporation: Bonds Payable $7,000,000 Discount on Bon

Tomtit [17]

Answer:

Loss on retirement of debt = $1,030,000

Explanation:

the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:

Dr Bonds payable 7,000,000

Dr Loss on retirement of debt 1,030,000

Cr Cash 7,070,000

Cr Discount on bonds payable 960,000

Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000

6 0

3 years ago

Properly designing a protective packaging system requires three important kinds of information. Which of the following is not on

lutik1710 [3]

Answer:

value of the product to be protected

Explanation:

The value of the products that are being shipped or distributed should not be included in the protective package.

The severity of the distribution environment refers to whether the products are hazardous or not, e.g. pesticides should be dealt very carefully because they are poisonous.

The fragility of the product to be protected refers to the materials used to build the product, e.g. products made of glass are extremely fragile.

The performance characteristics of various cushion materials. refers to what type of cushioning was used to protect the product during shipment.

4 0

3 years ago

What is financial risk?

Rashid [163]

Answer:

what are the options? then ill reply with an answer.

3 0

3 years ago

Ms. Claggett is sixty-six (66) years old. She has been covered under Original Medicare for the last six years due to her disabil

umka2103 [35]

What should you tell her about how the Part D Initial Enrollment Period applies to her situation is: Part D occurs 3 months prior and 3 months after the month a beneficiary meets the requirements for Part B.

Part D plan can be defined as a Medicare plan that help to cover drugs prescription of those under the plan

Based on the scenario you should tell her that Part D Initial Enrollment Period start 3 months prior and 3 months after the month when a beneficiary of the plan meets the eligibility or necessary requirements for Part B plan.

Hence, she cannot be able to use it as a form of justification for enrolling in a Part D plan now.

Learn more about Part D plan here:brainly.com/question/24324023

#SPJ1

3 0

2 years ago