While researching job boards and applying to companies ,which two of the following practices can help you stay organized ?

Cash Discount Calculations On June 1, Meadow Company sold merchandise with a list price of $40,000. For each of the sales terms

Step2247 [10]

Answer:

Credit Terms Date Paid Amount received

1 2/10,n/30 June 8 $39,200

2 1/10, n/30 June 15 $40,000

3 1/15, n/30 June 14 $39,600

4 n/30 June 28 $40,000

Explanation:

Sales are made on June 1 with list price $40,000

1.

June 8

The receipt is within the discount period of 10 days, so the amount received will be net of 2% discount as follow

Amount Received = $40,000 x ( 1 - 2%) = $39,200

2.

June 15

The receipt is after the discount period of 10 days, so the full amount will be received as follow

Amount Received = $40,000

3.

June 14

The receipt is within the discount period of 15 days, so the amount received will be net of 1% discount as follow

Amount Received = $40,000 x ( 1 - 1%) = $39,600

4.

June 28

There is no discount offered in this term and credit period of 30 days is given. The cash receipt is within the credit period, So the full amount will be received as follow

Amount Received = $40,000

4 0

3 years ago

Other things equal, an increase in a consumer's money income:_________

madam [21]

Answer:

B. shifts the individual's budget line rightward because she can now purchase more of both products

Explanation:

When there is an increase in the budget line of a consumer, it means that there is an expansion in this consumers consumption possibilities.

The consumers budget line will then shift rightward or upwards. With this increase the consumer can purchase more of both goods. The outward shift indicates increase.

Therefore the answer to the question is option B.

5 0

2 years ago

The key to the success of linux has been its character as a free software package available under the auspice of the __________.

deff fn [24]

The answer is Free Software Foundation

6 0

3 years ago

Read 2 more answers

What will most likely still occur when the economy has achieved full employment?

nevsk [136]

Frictional, Seasonal, and Structural Unemployment

4 0

2 years ago

On December 31, the company's Cash account had a balance of _____. $40,000 $54,000 $110,000 $124,000

notka56 [123]

Answer:

The company's Cash account had a balance of $54,000 on December 31.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the questions as follows:

Company's cash account had balance of 14000 on January 1

Receipts from customers- 50,000

payments for dividends- 10,000

receipts for dividends- 5,000

payments for merchandise- 25,000

receipts from issuance of stock- 20,000

On December 31, the company's cash balance is?

A 40,000

B 54,000

C 110,000

D 124,000

The explanation of the answer to the question is now given as follows:

the company's Cash account balance On December 31 can be obtained by simply adding the total cash receipts to and deducting the total cash payments from the Company's cash account balance of 14000 on January 1. This can be expressed as follows:

Cash balance on December 31 = Cash account balance on January 1 + Total cash receipts - Total cash payments .............. (1)

Where we have:

a. Cash account balance on January 1 = $14,000

b. Calculation Total cash receipts

Details $

Receipts from customers 50,000

receipts for dividends- 5,000

receipts from issuance of stock 20,000

Total cash receipts  75,000 

c. Calculation Total cash payments

Details $

Payments for dividends 10,000

payments for merchandise 25,000

Total cash payments 35,000

Substituting the values into equation (1), we have:

Cash balance on December 31 = $14,000 + $75,000 - $35,000 = $54,000

Therefore, the company's Cash account had a balance of $54,000 on December 31.

6 0

3 years ago