1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kicyunya [14]
3 years ago
7

Rolfes Company purchased merchandise on account from a supplier for $7,500, terms 1/10, n/30. Rolfes Company returned $1,200 of

the merchandise and received full credit. If Rolfes Company pays the invoice within the discount period, what is the amount of cash required for the payment? If required, round the answer to the nearest dollar.
Business
1 answer:
Blababa [14]3 years ago
6 0

Answer:

$6,237

Explanation:

The computation of the cash required for the payment is shown below:

= Merchandise amount - return and allowances - discount

= $7,500 - $1,200 - $63

= $6,237

The discount = (Merchandise amount - return and allowances) × discount rate

= ($7,500 - $1,200) × 1%

= $63

Simply we consider the items i.e merchandise purchase amount, returned merchandise amount and the discount given amount

You might be interested in
Which of these statements is true? Group of answer choices
Thepotemich [5.8K]

Answer:

In general, the higher the total asset turnover and the lower the capital intensity ratio, the more efficient the overall asset management of the firm will be.

Explanation:

Asset Turnover = Net Sales / Total Asset

Capital Intensity = Total Asset / Net Sales

According to the above formulas most efficient situation will be to increase the asset turnover and decrease the capital intesity ratio because they are reciprocal to each other, so thses will behave inversly with each other. Higher turnover means the higher sales using total asset and lower capital intensity ratio means asset are lower timesto the net sales which is an efficient use of asset.

3 0
3 years ago
UuUGgGHhH
pogonyaev

Answer:

$372.59

Explanation:

The amount deducted is 19% of $1,961

=19/100 x $1961

=0.19 x $1961

=$372.59

Amount deducted is $372.59

6 0
3 years ago
Mason works at a toy assembly plant and is responsible for the various departments that perform different functions. he helps pe
julia-pushkina [17]

Based on the scenario above, Mason is likely to be the general manager. It is because he helps people in different departments in regards of specific tasks in which a general manager would do, while Julio is considered to be a functional manager because he makes sure that everyone in his department has the skills and training in which a functional manager is responsible of.

6 0
3 years ago
Which country used a form of the welfare state before countries like the United States?​
madam [21]

The first world welfare superpower was Japan.

7 0
3 years ago
WriteOn Stationery is new in the market. They have hired a specialized agency to promote their products in the market. Which typ
Brrunno [24]

Answer: Marketing service

Explanation: Marketing services can be defined as those services involving activities like advertising and market research etc. The main focus of marketing is not on advertising the products but to make a demand in the market for the product offered.

In the given case writeon is new in the market hence they need promotion and customer base for selling the product. The advertising objectives that writeon needs can be achieved with the help of marketing activities.

8 0
3 years ago
Other questions:
  • Pharoah Company invests $10,400,000 in 5% fixed rate corporate bonds on January 1, 2017. All the bonds are classified as availab
    11·1 answer
  • People may work for many different reasons what are three of them
    8·1 answer
  • Match the following definitions to your vocabulary words. 1. separation from a main group to form a new group as a result of dis
    9·1 answer
  • List at least four ways someone can prepare to
    9·1 answer
  • A man buys several loaves of bread at $1 a loaf and sells them at 25 cents a loaf. he does it again and again. entirely as a res
    12·1 answer
  • When a​ firm's longminus−run average cost curve is horizontal for a range of​ output, then in that range production displays?
    12·1 answer
  • The leading producer of cell phone backup batteries, Jumpstart, has achieved great success because they produce high-quality bat
    8·1 answer
  • What is 1087 in Roman numerals​
    12·1 answer
  • Bleeding Edge Technologies makes surgical scalpels which are supplied to medical equipment suppliers in boxes. The weekly demand
    14·1 answer
  • Why is organizational support for a health and safety training initiative so important for the success of the training program?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!