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RoseWind [281]
3 years ago
5

A company purchased $3,600 worth of merchandise. transportation costs were an additional $315. the company later returned $250 w

orth of merchandise and paid the invoice within the 3% cash discount period. the total amount paid for this merchandise is:
Business
1 answer:
Anestetic [448]3 years ago
6 0

Answer: $3,564.50

Explanation:

The total amount that the company will pay for the merchandise is the net cost of the merchandise, less a 3% cash discount, plus the transportation costs. The cash discount normally only applies to the merchandise and not the transportation costs.

The cost of the merchandise is $3,600 less the $250 refund, which equals $3,350. With a 3% cash discount they will pay 97% of this amount, which is $3,249.50. After adding the additional transportation charge of $315, the total amount to be paid is $3,564.50.

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Ten years ago, Stigler Company issued $100 par value preferred stock yielding 6%. The preferred stock is now selling for $102 pe
Alik [6]

Answer:

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

Explanation:

A current yield refers to the annual return that a security provides based on the interest or dividend payments it makes expressed as a percentage of it current price. Thus, the current yield on preferred stock can be calculated as follow,

Current Yield - Preferred stock = Dividend per year / Current price

Dividend per year =  100 * 0.06 = $6 per year

Current Yield = 6 / 102

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

4 0
3 years ago
Alexandra is a veterinarian employed by Fast Vet Services. Susan is a self-employed veterinarian. During the current year, Alexa
melomori [17]

Answer/Explanation:

Susan's veterinary expenses are deductible for adjusted gross income

because she is self-employed and at the same time her vet practice constitutes a business.

Therefore, all of her veterinary expenses are deductible for adjusted gross income.

Alexandra is said to be in a trade or business as an employee and

the unreimbursed expenses of an employee are deducted as miscellaneous itemized deductions.

Therefore, Alexandra only benefits if she itemizes her deductions while Susan will always get the full benefit of the deduction.

3 0
2 years ago
Which of the following would be a likely contact group for someone like Sharon, an intern who just started working for the produ
larisa [96]
The best and the most correct answer among the choices provided by the question is the the second choice. The people that would most likely contact Sharon are her office mates from their department. I hope my answer has come to your help. God bless and have a nice day ahead!
3 0
3 years ago
Read 2 more answers
The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation:Cash and cas
blsea [12.9K]

Answer:

1.

Total current assets  = $112500

2.

Short term investments = $2300

3.

Retained earnings = $15500

Explanation:

1.

The total current assets can be determined using the current ratio provided for 2021. The current ratio is calculated by dividing the value of total current assets by the value of the total current liabilities.

1.5  =  Total current assets / (51000 + 23000 + 1000)

1.5 = Total current assets / 75000

1.5 * 75000 = Total current assets

Total current assets  = $112500

2.

Short term investments are a part of the current assets. The value of short term investments is,

112500 = 6200 + 32000 + 72000 + Short term investments

112500 = 110200 + Short term investments

112500 - 110200 = Short term investments

Short term investments = $2300

3.

The basic accounting equation states that the total assets is always equal to the value of total liabilities plus total equity.

Total assets = Total Liabilities + Total Equity

(112500 + 180000) = [(51000 + 23000 + 1000) + 42000]  +  (160000 + Retained earnings)

292500 = 117000 + 160000 + Retained earnings

Retained earnings = 292500 - 277000

Retained earnings = $15500

6 0
3 years ago
Before making a final decision on which sources of funding to pursue, entrepreneurs should consider:
Romashka [77]

d. all of these are correct

6 0
3 years ago
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