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
What are high-risk loans?
Stolb23 [73]

The answer is: C). loans that are given to consumers with bad credit

Consumers with bad credit tend to have high chance of not be able to give back their loan. This is why these consumers are considered to be 'high-risk' in the perspective of the credit providers.

Bad credit usually obtained due to inability to pay credit in the past, had higher spending compared to the amount of income, and do not possess any assets that can be used as collateral.

5 0
3 years ago
Read 2 more answers
In year 2, Kilroy Company purchased land for a new office building at a purchase price of $325,000. There was an existing buildi
melisa1 [442]

Answer:

Correct option is C

Explanation:

Cost of Land:-

Purchase Cost = $325000

Demolition Cost = $12000

Cost of Attorneys for the Purchase Contract = $7500

Grading Cost= $18000

Less:- Scrape Sold = $3500

<u>Total Cost of Land= $359000 </u>

Cost of Building:-

Cost of Architect Design= $40000

Cost of Building Permits= $8000

Cost of Construction of Building= $1275000

<u>Total Cost of Building=  $1323000</u>

There is no Cost that will be reported as expenses as all the cost need to be capitalised.

8 0
3 years ago
For you, a job where things are not predictable is better than a job where they are predictable
uranmaximum [27]
I found somewhere on the Internet that this is a question relating to psychology where we are supposed to either agree or disagree.
When it comes to this particular question, I would disagree. Although having an unpredictable job may be more fun, it is also unreliable - you may lose your job at any time, and eventually, the fun may stop. It is better to have a predictable job where you know what you will have to do every day, and can thus prepare accordingly.
7 0
3 years ago
Although there are advantages and disadvantages to home-based workers for both the employer and employee the disadvantages to em
ella [17]

Explanation:

The disadvantages of home work can directly impact the employer, the employee and society by reducing the interaction of workers in the organizational environment.

Social interaction at work is an advantageous factor for the conception of new ideas, innovation, problem solving, and relationships that can encourage and motivate the performance of work.

For the worker, it can directly impact their motivation for work, which can generate stressful situations due to the lack of interaction with other co-workers. For the employer it can mean difficulties in coordinating and monitoring work, ineffective communication, etc.

For society, on the other hand, it can constitute significant changes in work, which can cause difficulties in interpersonal relationships, and difficulty for group living.

5 0
3 years ago
I now have $23,000 in the bank earning interest of .50% per month. I need $33,000 to make a down payment on a house. I can save
Elena-2011 [213]

Answer:

41.92 months

Explanation:

In this question, we use the NPER formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

Present value = $23,000

Future value = $33,000

Rate of interest = 0.50%

PMT = $100

The formula is shown below:

= NPER(Rate;-PMT;-PV;FV;type)

The present value and the PMT comes in negative

So, after solving this, the answer would be 41.92 months

8 0
2 years ago
Other questions:
  • Bank of America customers select their own three- digit personal identification number (PIN) for use at ATMs.
    13·1 answer
  • Please i need your help guys!
    11·1 answer
  • Scholastic Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alter
    13·1 answer
  • If there was a 24% chance of having a contract signed to purchase a home in any one month and there were 55 homes on the market,
    5·1 answer
  • Assume the Macro Islands can produce 25 fishing boats or 150 jars of guava jelly in one hour. The Micro Islands can produce 30 f
    6·1 answer
  • CORRECT PENN FOSTER ANSWER ONLY PLEASE
    11·1 answer
  • Which amendment to the constitution legalized income tax?
    14·1 answer
  • Sell or Process Further Port Allen Chemical Company processes raw material D into joint products E and F. Raw material D costs $
    7·1 answer
  • yyyytttttttttttttttttttttttttttttttttttttttttttttttttttttttttttttyutttttyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyytyyttt
    6·2 answers
  • Equipment cost $67,200 and is expected to be useful for 8 years and have no salvage value. unde the straight line method, monthl
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!