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GaryK [48]
3 years ago
9

Willetta Company purchases inventory for $18,000 with terms 2/10, n/30. It then returns $2,800 of the inventory purchased to the

supplier and also receives an allowance for defective inventory of $180. The company pays the amount due within the discount period. What is the amount of the discount that will be taken? (Round your answer to the nearest dollar amount.)
Business
1 answer:
kvv77 [185]3 years ago
4 0

Answer:

The amount of discount that will be taken is $300.4

Explanation:

The amount of discount that will be taken will be on the value of accounts payable that is eligible for pay after adjustments.

The accounts receivable balance after adjusting for purchases returns and defective goods is:

Accounts receivables eligible for payment = 18000 - 2800 - 180 = $15020

The accounts payable amount that is eligible for discount is:

Discount received = 15020 * 0.02 = $300.4

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Allushta [10]

Answer:

Quantitative

Explanation:

The reason is that a good research report includes qualitative and quantitative research. Qualitative research is non numerical data and it give information which helps in meaning making whereas the quantitative research is a research in which the researcher tries to find the numerical relation using quantifiable data, which is investigated through number of means which includes use of mathematics, principles, etc techniques to extract data. So the qualitative research is done here and the only thing the company requires is quantitative data.

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3 years ago
A kilobyte (kb) is equal to ____ bytes, but is usually thought of as approximately 1,000 bytes.
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The answer is 1 KB is equal to 1024 Bytes
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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
jenyasd209 [6]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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5 0
3 years ago
If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilib
Tatiana [17]

Answer:

a. Both the equilibrium price and quantity would increase.

Explanation:

The point on a demand-supply graph where the demand curve and the supply curve intersects is known as the point of equilibrium.

If scientists discover that steamed milk, which is used to make lattés, prevents heart attacks, what would happen to the equilibrium price and quantity of lattés is that, both the equilibrium price and quantity would increase.

This simply means that, whatever makes the factors of production such as, land, labor, entrepreneurship, capital, or efficiency to either go up or down would certainly result in fluctuations in the economy of a particular country.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.

On a standard Aggregate demand (AD)-Aggregate supply (AS) curve, the y axis denotes the Price (P) of goods and services while the x axis typically denotes the Output (Q) of final goods and services.

In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price) while a rightward shift in the aggregate demand (AD) curve also cause output to increase and rise in prices.

The short-run nominal fluctuations basically cause a change in the level of production. In the short-run, as a result of a shift in the aggregate supply; an increase in money consequently to result in increase the level of production (output).

Hence, more goods are produced as a result of the increased output (supply) and more goods would be purchased as a result of their lower prices.

5 0
2 years ago
Problem 9-52 Part-b (Static) b. $800 of interest on a short-term loan incurred in September and repaid in November. Half of the
bazaltina [42]

Answer:

After-tax cost $652

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4 0
3 years ago
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