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Volgvan
3 years ago
6

Leno Company sells goods to the Fallon Company for​ $10,000. It offers credit terms of​ 2/10, n/30. If Fallon Company pays the i

nvoice within the discount​ period, Leno Company will record a debit to Cash in the amount​ of: A. ​$10,200. B. ​$10,000. C.​$200. D. ​$9,800.
Business
1 answer:
Zinaida [17]3 years ago
6 0

Answer:

Leno Company will record a debit to Cash in the amount​ of: D. ​$9,800

Explanation:

The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Fallon Company pays the invoice within the discount​ period - early enough to receive a 2% discount. The discount amount is 2% x $10,000 = $200.

On the other hand, Leno Company has to offer a 2% discount to Fallon Company. Cash amount Leno Company receives = $10,000 - 2% x $10,000 = $9,800

Leno Company will record a debit to Cash in the amount​ of $9,800

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She works 8 hour and 30 minutes a day - 1hr of lunch break is 7hrs and 30 min

7hrs =$61.25
30min =$4.375
$61.25 + $4.375 =$65.625
62.625(money made in one day) x 7 days a week = $459.375
Answer $459.375
5 0
3 years ago
PLEASE HELP FAST!!!
maria [59]
It’s C because it’s balanced
7 0
2 years ago
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The bond has a coupon rate of 6.83 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A c
Kipish [7]

Answer:

The invoice price for the bond is $1,060.38

Explanation:

Given the following:

PV= Par value = $1,000 ,

CV= Clean Price = $1,049

Coupon Rate per annum = 6.83%

To calculate the Semiannual Coupon Rate= Coupon Rate per annum/2= 3.415%

To calculate Semiannual Coupon= Semiannual Coupon Rate*PV

= 3.415% * $1,000  = $34.15

With an interest accured over 2 months, we calculate it thus:

Accrued Interest = $34.15 * 2/6 = $11.38

To calculate Invoice price:

Invoice Price = CP + Accrued Interest

Invoice Price = $1,049.00 + $11.38

Invoice Price = $1,060.38

3 0
2 years ago
Kansas Enterprises purchased equipment for $81,000 on January 1, 2021. The equipment is expected to have a five-year service lif
MrRissso [65]

Answer:

Depreciation expense for 2021 will be $14700

Explanation:

The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,

Depreciation expense = (Cost - Residual value) / Useful life of the asset

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7 0
3 years ago
A storm on one of the planets listed in the table lasted for 132 hours, or 5.5 of the planet's days. The equation 5.5h = 132 giv
padilas [110]

Answer:

<u><em></em></u>

  • <u><em>The planet is Earth</em></u>

Explanation:

<em>1. Equation (given)</em>:

  • 5.5h = 132

2. Solve by applying division property of equalities: divide both sides by 5.5

  • h = 132/5.5
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The equation gives the length in hours of a day, then the solution h = 24.0 means that the length of the day on the planet is 24.0 horas.

The table is:

Length of Day

Planet           Length of Day (hours)

Earth                   24.0

Mars                    24.7

Jupiter                  9.9

Therefore, the solution h = 24.0 shows that the planet is Earth.

5 0
3 years ago
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