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
Dmitry_Shevchenko [17]
3 years ago
14

Q 5.7: Hale Company sells merchandise on account for $1,000 to Long Company with credit terms of 2/10, n/30. Long Company return

s $200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
Business
1 answer:
Ghella [55]3 years ago
8 0

Answer:

Ans. The amount of the check is $784

Explanation:

Hi, from the initial balance of $1,000, we have to substract the returned merchandise, which was $200, therefore, Long Company owes Hale Company, $800 if Long Company pays within day 11th to 30th of the day of purchase. Since Long Company plans to pay within the first 10 days from the date of purchase, they would be granted a 2% discount on their remaining balance, therefore, the amount that Long Company has to write the check for is:

Check=Remaining Balance*(1-Discount)

It should look like this

Check=800*(1-0.02)=784

So, Long would have to write a check for $784, that is if it pays within the first 10 days from the date of purchase.

Best of luck.

You might be interested in
A price change causes the quantity demanded of a good to decrease by 30%, while the total revenue of that good increases by 15%.
Furkat [3]
True the answer is true
4 0
3 years ago
What is brand repositioning?
timofeeve [1]
Brand repositioning is when a company changes their status in the marketplace. Like changes to the marketing mix including product, price, location, and promotion. Repositioning happens to fulfill consumer wants and needs

Hope this helps!
3 0
3 years ago
About three hours after he falls asleep, Bobby often sits up in bed screaming incoherently. Hismother tries to awaken him, but w
Alla [95]

Answer:

A. Night Terrors

Explanation:

Night terrors also known as sleep terrors are occurrences similar to nightmares involving intense screaming, intense fear, crying and thrashing while still sleeping. It is also often accompanied with sleep walking and all these while the person is still unconscious or in deep sleep.

The episodes often begin with screams and shouts, followed by sitting up on the bed with eyes wide open, heavy sweats, dilated pupils and heavy breathing among others.

Most times as well, the person who suffers from night terrors would have little or no memory of the event by the next morning.

Night terrors should be reported to medical practitioners if it continues for a long time, happens frequently and the safety of the victim is becoming a concern from aggressive episodes of thrashing and violent behavior.

If Bobby's episodes become more frequent and more violent, then Bobby's mother should report the case to a certified medical practitioner.

6 0
3 years ago
How can Laura most effectively use both management and leadership skills in her role as associate director? What combination of
tino4ka555 [31]

Explanation:

Recall from the case study that staff motivation has come to a low; most of them <em>"feel distressed". </em>One good quality of a leader is having the ability to motivate his//her employees. Hence, Laura's leadership skills could be most effective by trying to motivate her employees.

Her demanding schedule which requires frequent travel wouldn't allow her to properly manage the entire staff. Hence,<em> she should share her wealth of experience with the two managers, who in turn could then train the five members of staff they manage, by so doing she'll be building upon her leadership skill.</em>

8 0
2 years ago
WHEN MUST A TAXPAYER WHO HAS RECIEVED STOCK APPRECIATION RIGHTS FROM AN EMPLOYER INCLUDE THE VALUE OF THE RIGHTS IN INCOME
irina1246 [14]

Answer:

"There are no federal income tax consequences when you are granted stock appreciation rights. However, at exercise you must recognize compensation income on the fair market value of the amount received at vesting. An employer is generally obligated to withhold taxes. Depending on the rules of your plan, the employer may satisfy that withholding obligation by withholding cash or shares. The remaining net proceeds will be deposited into a brokerage account. If you receive net shares and sell them at a later point, the appreciation in value of the shares from the time of exercise to the time of sale will be treated as a capital gain or loss. Whether it is a long-term or short-term gain or loss will depend on how long the shares are held."

Explanation:

I don't know if this helps, but here is a quate i found.

https://www.fidelity.com/webcontent/ap002390-mlo-content/18.09/help/learn_stock_appreciation_rights.shtml

6 0
2 years ago
Other questions:
  • Which action is specifically recommended to enhance your credibility in the field of accounting?
    8·2 answers
  • At the end of 2018, the federal government debt of the U.S. stood at 104% of GDP. Imagine that, unlike in previous years, from 2
    11·1 answer
  • Stadford Inc. is financed with 40 percent debt and 60 percent equity. This mixture of debt and equity is referred to as the firm
    7·1 answer
  • Peeples, Inc., has a book value of equity of $13,500. Long-term debt is $7,700. Net working capital, other than cash, is $1,990.
    11·1 answer
  • if the market price of common stock increases substantially, bondholders with convertible bonds benefit. convertible bonds can b
    15·1 answer
  • QUESTION 6 of 10: Ashleigh hires a group of security staff. Each worker works an average of 80 hours per month at $14/hour. If h
    6·1 answer
  • On April 30, Gomez Services had an Accounts Receivable balance of $24,600. During the month of May, total credits to Accounts Re
    13·1 answer
  • General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False
    5·1 answer
  • The determination of the productivity of the inputs utilised in the manufacturing process is a critical component of management
    14·1 answer
  • A lack of business ethics can result in a lack of business goodwill is ture or flase?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!