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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

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Shondra should be sure she will have enough in her account to be able to make the monthly payments.

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Suppose the tax rate on the first​ $10,000 of income is 0​ percent; 10 percent on the next​ $20,000; 20 percent on the next​ $20
dsp73

Answer:

option (A) $32,000 for A and $7500 for B

Explanation:

Given:

Tax rate as:

on the first​ $10,000 of income = 0%

10% on the next​ $20,000

20% on the next​ $20,000

30% on the next​ $20,000

40% on income over​ $70,000

Income of family A = $120,000

Thus,

For A

Up to $10,000 ; tax = 0

Tax amount from $10,000 to $30,000 at 10 % tax rate

= 10% × $20,000

= $2,000

From $30,000 to $50,000 at 20 % tax rate

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From $50,000 to $70,000 at 30 % tax rate

= $20,000 × 30%

= $6,000

Tax amount above $70,000 to $120,000 at 40 % tax rate

= (120,000 - $70,000) × 40%

= $50,000 × 40%

= $20,000

Therefore,

Total tax bill for family A

= $2,000 + $4,000 + $6,000 + $20,000

= $32,000

Similarly,

For family B

Income of family B = $55,000

Thus,

Up to $10,000 = $0

From $10,000 to $30,000 at 10 % tax rate

= $20,000 × 10%

= $2,000

From $30,000 to $50,000 at 20 % tax rate

= $20,000 × 20%

= $4,000

Tax amount from $50,000 to $70,000 at 30 % tax rate

= ($55,000 - $50,000) × 30%

= $5,000 × 30%

= $1,500

Therefore,

Total tax bill for family B = $2,000 + $4,000 + $1,500 = $7,500

Hence,

The correct answer is option (A) $32,000 for A and $7500 for B

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giving health care and paying salary

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Answer:

Which of the following observations is true?

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Global strategy covers three other strategies

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