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yulyashka [42]
3 years ago
9

A sales invoice included the following information: merchandise price, $4,500; transportation, $300; terms 1/10; free on board (

FOB) shipping point. Assuming that a credit for merchandise returned of $600 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?
A) $3,366
B) $3,400
C) $3,666
D) $3,950
Business
1 answer:
Ulleksa [173]3 years ago
5 0

Answer:

Cash received = $4161

Explanation:

given data

merchandise price =  $4,500

transportation=  $300

returned = $600

to find out

amount of cash received by seller

solution

we know here that free on board shipping point

so buyer to pay the shipping charge that is paid by seller

it is also add in invoice  and Cash discount not applicable on transport cost

so

Cash received by seller  is

Cash received = (4,500 - 600) × 99% + 300

Cash received = 3861 + 300

Cash received = $4161

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At his death, on January 1, 2017, Morris owned shares of ABC Corporation common stock, with a fair market value of $50 per share
Zepler [3.9K]

Answer:

$40

Explanation:

If the beneficiary appoints to use the items with different date to measure the estate of the deceased, the share price shall be the price at the time six months after passing, if the property has been previously sold. In this scenario, the FMV on the original sale, $40.

4 0
3 years ago
Omar is Precise Service Company's chief executive officer. On Precise's behalf, Omar solicits business, hires and fires workers,
DaniilM [7]

Answer:

The correct answer is the option A: a principal.

Explanation:

To begin with, the term of <em>''principal''</em> in the field of business refers to the individual who may have many roles inside an organization but he is basically one of the most importants person in the company. Moreover, the figure of the principal is sometimes related to the owner of the business or to the chief executive officer as well. Therefore that Omar is most likely a principal in Precise Service Company.

7 0
4 years ago
In a homogeneous-good Cornet model where each of the n firms has a constant marginal cost m and the market demand curve is p = a
Jlenok [28]

Answer:

Q=nq=\frac{n}{n+1}\frac{a-c}{b}

if n=1 (monopoly) we have Q^M=\frac{1}{2}\frac{a-c}{b}

if n goes to infinity (approaching competitive level), we get the competition quantity that would be Q^c=\frac{a-c}{b}

Explanation:

In the case of a homogeneous-good Cournot model we have that firm i will solve the following profit maximizing problem

Max_{q_i} \,\, \Pi_i=(a-b(\sum_{i=1}^n q_i)-m)q_i

from the FPC we have that

a-b\sum_{i=1}^n q_i -m -b q_i=0

q_i=\frac{a-b \sum_{i=2}^n q_i-m}{2b}

since all firms are homogeneous this means that q_i=q \forall i

then q=\frac{a-b (n-1) q-m}{2b}=\frac{a-m}{(n+1)b}

the industry output is then

Q=nq=\frac{n}{n+1}\frac{a-c}{b}

if n=1 (monopoly) we have Q^M=\frac{1}{2}\frac{a-c}{b}

if n goes to infinity (approaching competitive level), we get the competition quantity that would be Q^c=\frac{a-c}{b}

7 0
3 years ago
Blackwell, Inc. has a $125,000 liability it must pay five years from today. The company is opening a savings account so that the
anastassius [24]

Answer:

Initial investment= $23,838.78

Explanation:

Giving the following information:

Future Value (FV)= $125,000

Number of periods (n)= 5

Interest rate (i)= 5%

<u>First, we need to calculate the future value of the three deposits using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {30,000*[(1.05^3) - 1]} / 0.05

FV= $94,575

Difference= 125,000 - 94,575= $30,425

<u>Now, the initial investment today:</u>

FV= PV*(1 + i)^n

Isolating PV:

PV= FV / (1 + i)^n

PV= 30,425 / (1.05^5)

PV= $23,838.78

4 0
3 years ago
A decrease in the demand for money would result from:
lutik1710 [3]
Hmm...this looks like it would be D- an increase in the price level but I could be wrong.
5 0
3 years ago
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