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Montano1993 [528]
3 years ago
14

Sheridan Company sells merchandise on account for $5800 to Pharoah Company with credit terms of 1/10, n/30. Pharoah Company retu

rns $1200 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:
wariber [46]3 years ago
3 0

Answer:

check amount is $4,554

Explanation:

given data

sells  account = $5800

credit terms = 1/10, n/30

Company returns  = $1200

to find out

amount of the check

solution

we know here Net Sales  that is

Net Sales = sells  account - Company returns    ................1

put here value

Net Sales= $5,800 - $1200

Net Sales = $4,600

and

Discount will be here

Discount  = 1% of Net Sales

Discount  = $4,600 × 1%

Discount  = 46

so check amount  will be here

check amount = Net Sale - Discount

check amount = 4600 - 46

so that check amount is $4,554

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A day care program frequently has a few parents picking up their children late. In an attempt to curb this, the daycare decides
alexandr1967 [171]

Answer:

4) All of the above

Explanation:

The day care program should have rewardedbeing on time to encourage this attitude.

Instead they put a price on being late. As parent considers this price cheap they arrive later to have some extra time beofre picking their childrens

Either the day care program reconsiders the fine policy and moves into a better program to estimulate being on time or it increases the "price" so is more expensive for the parents to come in time rather than paiying their fines.

5 0
3 years ago
Read 2 more answers
Assume the market basket for the consumer price index has two​ products, bread and​ milk, with the following values in 2013 and
Gnesinka [82]

Answer:

b. 116

Explanation:

The calculation of Consumer Price Index is shown below:-

CPI = ((Base year basket quantities × current year price) ÷ (Base year basket quantities × Base year prices)) × 100

= ((50 × $1.50) + (100 × $1.10)) ÷ ((50 × $1.20) + (100 × $1.00)) × 100

= (185 ÷ 160) × 100

= 115.6

0r 116

So, for computing the consumer price index for 2018 we simply applied the above formula.

3 0
3 years ago
The market price of xyz corporation common stock is $55 and its quarterly dividend is $0.60. what is the stock's current yield?
eduard

The market price of XYZ corporation common stock is $55 and its quarterly dividend is $0.60. 4.36% is the stock's current yield.

A stock's current yield is determined by dividing the annual dividend by the stock's current market price. In this example, the stock's annual dividend is found by multiplying the quarterly dividend of $0.60 by 4. This equals $2.40. So the current yield is 4.36% ($2.40 ÷ $55).

Common stock is a class of stock that represents ownership of a company. Holders of common stock, called shareholders, are entitled to: Voting rights to elect directors. Normally a shareholder can cast one vote for each share he owns.

Learn more about common stock at

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#SPJ4

4 0
2 years ago
You purchased a bond at a price of $1,700. In 20 years when the bond matures, the bond will be worth $10,000. It is exactly 13 y
ryzh [129]

Answer:

<u>Annual rate of return which will be earned from today is 5.89%</u>

Explanation:

FV = PV (1+r)^n

r is int Rate per anum abd n is balance period

10000 = 6700 ( 1 + r)^n

10000 = 6700 ( 1 + r)^7

( 1 + r)^7 = 10000 / 6700

= 1.4925

1+r = 1.4925^(1/7)

= 1.0589

r = 1.0589- 1

= 0.0589 i.e 5.89%

8 0
3 years ago
You have an opportunity to invest in Australia at an interest rate of 8%. Moreover, you expect the Australian dollar (A$) to app
earnstyle [38]

Answer:

10.16%

Explanation:

The computation of the effective return for this investment is shown below:

Let us assume that we invested an amount in Australian dollars 100

The return is 8%

After one year, the amount is 108

Now the converting amount is 110.16 (108 × 102%)

Now the effective rate for this investment is

= 110.16 - 100

= 10.16%

7 0
3 years ago
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