Answer:
$17,820
Explanation:
Data provided in the question:
Catalog price of the merchandise = $30,000
Trade discount received = 40%
The amount of discount received = 40% of $30,000
= 0.4 × $30,000
= $12,000
Therefore,
Cost of Merchandise = Catalog price - Discount
= $30,000 - $12,000
= $18,000
also,
credit terms = 1/10, n/30
since, the payment was made within the discount period
1% of discount will be provided
thus,
amount of discount = 1% of cost of merchandise
= 0.01 × $18,000
= $180
hence,
Net cost of the merchandise
= Cost of merchandise - Discount on credit terms
= $18,000 - $180
= $17,820
Answer:
c. governmental interventions
Answer:
The answer is: Gail's § 179 deduction for 2019 is $145,000
Explanation:
§ 179 of the IRS Code, allows taxpayer to either:
- deduct the cost of certain types of property from gross income taxes as an expense
- allow the cost of the property to be capitalized and depreciated.
If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000
<span>Containerization was developed to facilitate long-distance transport by ________ before transferring to trucks and trains.
SHIP
</span>
Formula: PV = FV/(1+i)^n
Symbol: PV = Present Value
FV = Future Value
i = interest rate
n = time
^ = exponent
Given: FV = $22,000
i = 5/100 x 1/4 (since it is compounded quarterly)
i = 0.02
n = 10 yrs x 4 compounded quarterly
n = 40
Solution:
PV = 22,000/(1+0.02)^40
PV = 9,963.5891 or $9,963.58
<span>
Francis should invest $9,963.58 at 8%
interest, compounded quarterly in order to have $22,000 in 10 years time.</span>
