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
-Dominant- [34]
3 years ago
10

Virginia Supply offers their customers trade credit with terms 2/15, net 30. This implies that: Virginia's customers have very l

ittle incentive to pay within the discount period. paying within 30 days will let a customer deduct 15% off the invoice price. the annual financing cost of failing to pay within 15 days is about 48%. most customers will pay their bill within 2 days in order to take the maximum discount.
Business
1 answer:
tamaranim1 [39]3 years ago
3 0

Answer:

The answer is given below;

Explanation:

This implies that 2%discount will be allowed if the customer pays within 15 days, otherwise normal credit period of the firm is 30 days.

From the given option, the closest choice is; Virginia's customers have very little incentive (i.e 2% discount) to pay within the discount period (which is 15 days).

Therefore the customers will not pay within 15 days just for 2% discount as normal credit period is 30 days.

You might be interested in
Considering technological innovations, schools increasingly adopt digital tools and promote online environments for learning.
FrozenT [24]

Answer:

A

Explanation:

Technological innovations are been increasingly adopted in schools.

examples of technological innovations used in schools are :

  1. Digital readers and tablets.  
  2. Virtual reality
  3. Gamification
  4. Use of Biometrics
  5. Cloud technology
  6. Artificial intelligence
  7. Mobile technology

Advantages of adopting technology in schools include :

  1. It facilitates the learning process and ensures faster retention of what is taught
  2. It also helps students remember what they were been taught in schools. for example, there are educational game apps
  3. Also, students can get help faster with questions they might have. for example, an app like brainly provides answers and explanation to students
  4. With technology, learning can take place outside the four walls of a school. With the pandemic, technology has facilitated learning from home.
3 0
3 years ago
A company is considering a capital investment of $16,000 in new equipment which will improve production and increase cash flows
AnnyKZ [126]

Answer:

PAYBACK PERIOD

Year        Cashflow       Cummulative cashflow

                     $                           $

 0            (16,000)               (16,000)

  1             8,000                  (8,000)

  2            6,000                  (2,000)

  3            5,000                   3000

  4            6,000

  5            5,000

Payback period

= 2 years + 2,000/5,000

= 2.4 years

Explanation:

In this case, we need to deduct the initial outlay from the cashflows for each year until the initial outlay is fully recovered.

7 0
4 years ago
Total assets minus total liabilities is equal to the _____. a. net worth b. retained earnings c. accounting profits d. dividends
nikklg [1K]

Answer:

a. net worth

Explanation:

For this question, we applied the accounting equation which equals to

Total assets = Total liabilities + stockholder equity

Since the question said that

Total assets - total liabilities = ?

So, by use the above accounting equation

The Total assets - total liabilities = Net worth

Hence, the most appropriate option is a.

6 0
3 years ago
The corporate charter of Luney Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first
kakasveta [241]

Answer:

Luney Corporation is authorized to sell 100000 shares

luney has issued =  70000 shares

luney has shares outstanding 63000

Explanation:

given data

maximum shares of common stock = 100,000

sold shares =  70,000

reacquired = 7,000

solution

we know here 100000 shares are mention in charter of the company

so Luney Corporation is authorized to sell 100000 shares

and  luney has issued =  70000 shares

so here  

we know that

luney has shares outstanding  = 70000 - 7000

luney has shares outstanding 63000

7 0
3 years ago
Which of the following actions puts you at risk for dumpster diving? A. Not shredding financial documents when you’re done with
Lelechka [254]
<span>Failure to shred financial documents, as given in option A, puts you at risk for dumpster diving. If financial documents are not shredded, then it is possible for bad actors going through your trash to recover personal and confidential information which can be used for various kinds of fraud and theft.</span>
3 0
4 years ago
Other questions:
  • Consider this argument: "stock today closed slightly lower on moderate trading. this was after an announcement last night that m
    5·1 answer
  • A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law
    10·1 answer
  • Joshua has a successful dog grooming business called "Tub &amp; Dog." He registered the business name for trademark protection.
    15·1 answer
  • Gundy Company expects to produce 1,207,200 units of Product XX in 2017. Monthly production is expected to range from 75,600 to 1
    14·1 answer
  • A company's income statement showed the following: net income of $124,000 and depreciation expense of $30,000. An examination of
    12·1 answer
  • Do you think a nation’s output should be distributed according to income or according to some other standard (such as basic huma
    13·1 answer
  • Costs that are incurred as part of the manufacturing process but are not clearly associated with specific units of product or ba
    6·1 answer
  • Consumer demand for personal computers or smart devices ultimately determines the demand for the parts and materials involved in
    6·1 answer
  • The total-revenue test for elasticity:
    12·1 answer
  • Why is it risky for a bank to make a loan?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!