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3 years ago

Purshed discounts based on total purches over a period of time are what discounts

Business

1 answer:

Dafna1 [17]3 years ago

8 0

Answer:

Purchase discounts is a contra revenue account. Revenue accounts carry a natural credit balance; purchase discounts has a debit balance as a contra account. On the income statement, purchase discounts goes just below the sales revenue account.

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Data concerning Odum Corporation's single product appear below:

Len [333]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit $210.00

Variable expense per unit $92.40

Fixed Expense per month $130,536

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 130,536/ (210 - 92.4)

Break-even point in units= 1,110 units

6 0

3 years ago

Match each type of market with the items bought and sold there

wolverine [178]

Answer

A. Currency exchange-Foreign money

B.Commodity Market-Raw, unprocessed goods

C.Stock Market -Shares in corporations

Explanation

Currency exchange market- this is market that deals with the exchange of foreign currencies where the participants members are able to buy and sell currencies. They are normally made of banks, commercial companies, Forex brokers and many other participants.

Commodity Market- This is a type of market where unprocessed materials are sold. Many producers buy the raw materials from these market for further processing.

Stock market- This is the market that deals with trading of shares. Sellers and buyers of stocks which is also called shares gather here. This normally happens that a certain company needs to raise a certain amount of money so the stock buyer will have bought a piece of that company.

7 0

3 years ago

Read 2 more answers

James Corporation is planning to issue bonds with a face value of $505,500 and a coupon rate of 6 percent. The bonds mature in 7

mart [117]

Answer:

4%=$566,697.09

6%=$505,500

8.5%=$ 439,842.50

Explanation:

The issue price of the bond can be computed using the pv formula in excel spreadsheet as below:

=-pv(rate,nper,pmt,fv)

the rate is the market of 4% divided by 2

nper is the number of semiannual interest the bonds would pay which is 7 years multiplied by 2 i.e 14

pmt is the semiannual coupon interest on the bond,which is $505,500*6%*6/12=$15165

fv is the face value repayable on redemption which is $505,500

for market rate of 4%

=-pv(2%,14,15165 ,505500)=$566,697.09

for market rate of 6%

=-pv(3%,14,15165 ,505500)=$ 505,500.00

for market interest of 8.5%

=-pv(4.25%,14,15165 ,505500)=$ 439,842.50

5 0

3 years ago

Equality refers to how the pie is divided and efficiency refers to the size of the economic pie

NeX [460]

The answer is: <em><u>TRUE </u></em> Equality refers to how the pie is divided and efficiency refers to the size of the economic pie.

8 0

3 years ago

The forecasting time horizon that would typically be easiest to predict for would be the A. intermediate range. B. short range.

Murrr4er [49]

Answer: B) Short range

Explanation:

Short range time horizon forecasting is prediction of the time span range till which the decisions regarding production, investments etc will work.This span is from three weeks lasting upto 1 year for making plans and accurate or actual predictions .It is used in job plan, work-force stages etc.

Other options are incorrect because long, medium or intermediate are the horizon that can't be predicted easily as compared to short range horizon for making decision based on few weeks span.Thus, the correct option is option(B).

6 0

3 years ago