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vlabodo [156]
4 years ago
15

Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for

returns and allowances was received prior to payment and that all invoices were paid within the discount period. Merchandise (Invoice Amount) Freight Paid by Seller Freight Terms Returns and Allowances (Invoice Amount) a. $24,000 $300 FOB destination, 1/10, n/30 $2,000 b. 31,500 250 FOB shipping point, 2/10, n/30 2,500
Business
2 answers:
frozen [14]4 years ago
3 0

Answer:

A

Explanation:

aliya0001 [1]4 years ago
3 0

Answer

Economists use gross national product (GNP) to measure

economic output within a nation, regardless of ownership.

the output of foreign-owned businesses within a nation.

the output of a nation’s citizens, regardless of where they are.

any business activity taking place outside a country.

Explanation:

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Jerry lives in New Mexico and makes $52,000 a year. If the median annual income in New Mexico is $53,731 and the median annual i
daser333 [38]
Yes, Jerry is likely to qualify, since his yearly income is below the median annual income of New Mexico.
4 0
4 years ago
Read 2 more answers
Franco and Giada are trying to calculate their gross income. Which of the following items should they exclude from their gross i
Helga [31]

Answer:

1 and 2

Explanation:

Gross profit is earning a business makes from its normal operation before considering operating expenses. It is calculated by subtracting direct costs from the revenues. Direct costs are the expenses incurred in acquiring the goods and services sold to customers. Revenue from normal business operations is the income from the sale of goods and services, and other business-related activities.

For Franco and Giada, they should not include items 1 and 2 in gross profits.

  • Item 1 is money inherited. It is income but not from the business operations.
  • Item 2 is a loan a bank loan. Loans are not considered in the income statement but are featured in the balance sheet.

Items 3 and 4 will be featured in the gross profit calculation. Item 3 is an income from a sale, while item 4 is a miscellaneous income from a loan issued out.

3 0
3 years ago
Austin is not able to pay the entire balance due by the due date of the return (without extensions) . what are his options?
Aleks [24]

If Austin cannot pay the entire balance in full by the due date of the return, he can choose any options. Such as installment agreement request by submitting form 9465. This installment agreement allows Austin to make a series of monthly payments over time. Another choice is by paying IRS for a full pay agreement of up to 120 days. In this option, no penalty fee for full payment; however, interest and any applicable penalties continue to accrue until your liability is paid in full. Moreover, Austin can <span>consider financing the full payment of his tax liability through a credit card. The interest rate and any applicable fees charged by a credit card company are usually lower than the combination of interest and penalties set by the Internal Revenue Code.</span>

8 0
4 years ago
Creating economic value for shareholders while also creating social value is known as creating _____.
zhuklara [117]

Answer:

Shareholder capitalism, is the right answer.

Explanation:

Shareholder capitalism is the right answer because in shareholder capitalism the main purpose is to change the value of the company. The motive of the firm is to engage all the company’s stakeholders in the process of economic value creation. However, during the value creation, a company not only serves its shareholders but it serves all the stakeholders as well. Thus in this way, it creates social values.

5 0
4 years ago
You have just turned 40 years old and are trying to decide who much money to put into your retirement plan. The plan works as fo
Karolina [17]

Answer:

$31,886.09

Explanation:

years until retirement = 65 - 40 = 25 years

interest earned 7%

retirement age 65

expected life span after retiring = 95 - 65 = 30 years

financial needs during retirement $250,000 per year

current account balance $200,000

we must first determine how much money you will need when you are 65:

present value = $250,000 x 12.409 (PV annuity, 30 years, 7%) = $3,102,250

your $200,000 will be worth $200,000 x (1 + 7%)²⁵ = $1,085,486.53 in 25 years

so you need $3,102,250 - $1,085,486.53 = $2,016,763.47 extra

using the FV formula for an annuity:

$2,016,763.47  = payment x 63.249 (FV annuity, 25 years, 7%)

payment = $2,016,763.47 / 63.249 = $31,886.09

7 0
3 years ago
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