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
dolphi86 [110]
4 years ago
15

On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with terms 2/10, n/30. On January 20

, Flounder returns merchandise worth $1100 to Cheyenne. On January 24, payment is received from Flounder for the balance due. What is the amount of cash received?
Business
1 answer:
Leni [432]4 years ago
6 0

Answer:

The amount of cash received on January 24 is $3332

Explanation:

The amount of cash received will be for the net amount of receivable after adjusting for sales returns and the sales discount as the payment is received within the discount period of 10 days as stated by the term 2/10 which means a 2% discount if payment is received within 10 days of sale.

The accounts receivable at January 15 after sale were $4500. Out of this amount, $1100 of returns are made. Thus, the remaining balance of accounts receivables after return is $4500 - $1100 = $3400

The discount received will be = 3400 * 2% =  $68

Thus, the cash received on January 24 will be 3400 - 68  =  $3332

You might be interested in
Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over
kow [346]

Answer:

<u>For Maths;</u>

<u>The student would increase time studying for maths.</u>

<u>For English;</u>

<u>The student would increase time studying for English.</u>

<u>Explanation:</u>

This is the case in both cases because there's a certainty that the student earns an A in both cases if he puts in the equivalent  $ amount worth of effort.

The student's ability to adapt to change comes under great test over the next  6 weeks in other to get an A in the math and English classes.

7 0
3 years ago
Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The compan
ivanzaharov [21]

Answer:

The sales unit to achieve a target profit of $6,250 is 545 units

The sales units to achieve to achieve a target profit of $9,400 is 590 units

Explanation:

The quantity at target profit=fixed cost+target profit/contribution per unit

fixed expense=$31,900

target profit $6,250

contribution per unit=$140-$70

                                  =$70

unit sales at a target profit of $6,250=($31,900+$6,250)/$70

                                                             =545  sales units

fixed expenses $31900

target profit of $9400

contribution per unit is $70

unit sales at a target profit of $9,400=($31900+$9400)/$70

                                                            =590 sales unit

8 0
3 years ago
A copy machine cost $ 45 comma 000 when new and has accumulated depreciation of $ 44 comma 000. Suppose Print and Photo Center s
natita [175]

Answer:

The disposal resulted was at D. No gain or loss

Explanation:

The gain or loss on disposal on a fixed asset is calculated by comparing the sales proceeds from disposing off the asset and the carrying value of the asset.

The carrying value of the asset is its net book value which is calculated as follows,

Carrying value = Cost - Accumulated depreciation

If the carrying value is equal to the sales proceeds from disposal, there is no gain or loss.

The carrying value of copy machine was = 45000  -  44000  =  $1000

The sales proceeds were also $1000

Thus, gain/loss on disposal = 1000 - 1000 = $0

Thus, there was no gain or loss on disposal.

6 0
4 years ago
Read 2 more answers
BruceCo is planning on selling coffee cups for $14 each. The company can buy the cups for $2.00 and have them printed for $1.50.
s2008m [1.1K]

Answer:

72

Explanation:

Add all the expenses together ( $2.00 + $1.50 + 0.50 +1,000 = 1004) divide 1004 by $14 to get 72

4 0
3 years ago
Wanda has a new idea for a book, which she won't have time to start writing until next year. if she decides to discuss her idea
bagirrra123 [75]

Wanda has a new idea for a book, which she won't have time to start writing until next year. If she decides to discuss her idea with a film producer she knows, Wanda may protect it by means of <u>a Nondisclosure agreement.</u>

A Non-disclosure agreement (NDA) is a legal contract or part of a contract among at the least events that outlines private cloth, know-how, or facts that the events desire to proportion with each other for certain functions, but want to restriction get right of entry to to.

Doctor-patient confidentiality (medical doctor-patient privilege), attorney-customer privilege, priest-penitent privilege, and bank–patron confidentiality agreements are examples of NDAs, which can be often now not enshrined in a written agreement among the events.

It is a contract through which the parties agree now not to disclose any data covered with the aid of the agreement. An NDA creates an exclusive relationship between the events, generally to protect any sort of confidential and proprietary information or exchange secrets.

Learn more about Non-disclosure agreements here: brainly.com/question/19451955

#SPJ4

8 0
2 years ago
Other questions:
  • Amy's school records describe her as a monochromat. what can we assume about amy's perceptual abilities
    13·1 answer
  • A type of partnership called a ___________ acts much like a corporation and is traded on stock exchanges, but it is taxed like a
    8·1 answer
  • Mason Company manufactures and sells shoelaces for $3.90 per pair. Its variable cost per unit is $3.50. Mason's total fixed cost
    13·1 answer
  • Discuss porter 1980 model and what its relationship with the management of procurement?
    12·1 answer
  • Ten years ago, Jacobson Recovery purchased a wrecker for $285,000 to move disabled 18-wheelers. He anticipated a salvage value o
    5·1 answer
  • Suppose selected comparative statement data for the giant bookseller Barnes &amp; Noble are presented here. All balance sheet da
    5·1 answer
  • By linking a Google My Business account with a Google Ads account, you're able to create location extensions. Which information
    14·1 answer
  • The cash account for Norwegian Medical Co. at April 30 indicated a balance of $403,784. The bank statement indicated a balance o
    10·1 answer
  • The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is cal
    12·1 answer
  • Cruise Company produces a part that is used in the manufacture of one of its products. The unit manufacturing costs of this part
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!