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mr Goodwill [35]
3 years ago
15

1. Sales discounts with terms 2/10, n/30 mean: a. 10 percent discount for payment within 30 days. b. 2 percent discount for paym

ent within 10 days, or the full amount (less returns) due within 30 days. c. Two-tenths of a percent discount for payment within 30 days. d. None of the above. 2. A company has been successful in reducing the amount of sales returns and allowances. At the same time, a credit card company reduced the credit card discount from 3% to 2%. What effect will these changes have on the company's net sales, all other things equal
Business
1 answer:
gulaghasi [49]3 years ago
4 0

Answer: 1. b. 2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days.

2. Net Sales will Increase.

Explanation:

1. When a company offers Sales discounts with terms 2/10, n/30, it is broken down as follows,

The 2 is the discount in percentage,

The 10 is the number of days you have to pay the company in order to receive the discount

n/30 is the total amount of days you have to pay the company if you had been unable to do so in those first 10 days. Paying within this period after the first 10 days does not entitle you to thw discount.

Therefore the above sales discount terms offered are a 2 percent discount for payment within 10 days, or the full amount (less returns) due within 30 days.

2. Sales returns and Sales Allowances have the effect of reducing the net sales figure as goods are returned and risk has to be dealt with. If they reduce therefore, the net sales figure rises.

A reduction in the discount by the credit card company also leads to a Rise in sales because it reduces the amount that the company has to give in discounts thereby increasing the amount made per sale/ transaction.

If you need any further clarification, do comment. Cheers.

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Division ABC has $750,000 invested in assets and earned $200,000 in income. Division XYZ has $800,000 invested in assets and ear
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Answer:

Division XYZ has the highest residual income

Explanation:

Residual income is the excess of the controllable profit over the opportunity cost of capital invested.

It is used to appraise and evaluate the performance of separate divisions of the same company where different managers are responsible for each

It is computed as follows:

Residual income = Controllable profit - (cost of capital× operating assets)

<em>Division ABC</em>

Residual income = 200,000 - (10%×750,000) = $125,000

Residual income= $125,000

<em />

<em>Division XYZ</em>

Residual income = 210,000 - (10% ×800,000) = $130 ,000

Residual income= $130,000

Division XYZ has a higher residual income of $130,000 compared to the $125,000 of division ABC. A difference of $5,000 higher.

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3 years ago
The follow passage describes how a catalytic converter in a car works. The catalytic converter mostly likely was developed in re
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Its A

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5 0
2 years ago
Which of the following is true about conflicts of interest?
Vedmedyk [2.9K]

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Explanation: In simple words, conflict of interest refers to a situation when a person have the power to make a certain decision from which he or she gets to have some special benefit.

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Having a specialized, embedded HR unit is beneficial to each, specific unit, as  HR would cater to every department and its special needs. On the contrary, centralized HR tends to give inconsistent help, as they always assign a different person or team when a problem arises.

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Which one of these is covered by a specific type of insurance policy?
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A.Off grid homes

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