Answer:
The amount of cash received is $2940
Explanation:
The cash received by Syfy on July 24 will be for the amount due after accounting for sales return by Eureka and after deducting the sales discount / discount allowed.
The balance in accounts receivable account of Syfy after sales return by Eureka on July 20 will be, 5000 - 2000 = $3000
The payments terms allow a 2% discount if payment is made within 10 days of purchases. Eureka paid within the discount period thus it availed a discount of,
3000 * 0.02 = $60
The amount of cash received by Syfy is = 3000 - 60 = $2940
Answer:
V(t) = $ 1.5 billion for 2007
V(t) = $1.5 billion, 295 million. For 2012
Doubling time = t = 177.69 yrs
Explanation:
a).
V(t) = 1.5e^(0.039t)
For the first year 2007, t= 0
V(t) = 1.5e^(0.039*0)
V(t). = 1.5e^0
V(t) =. 1.5*1 = 1.5
V(t) = $ 1.5 billion for 2007
For 2012 that is 5 years after,t= 5
V(t) = 1.5e^(0.0039*5)
V(t) = 1.5e^ (0.0195)
V(t) = 1.5(1.019691367)
V(t) = 1.5295
V(t) = $1.5 billion, 295 million.
b). Doubling time is when the value of the export is 1.5 *2 =$ 3 billion
3 = 1.5e^(0.0039t)
3/1.5= e^(0.0039t)
2 = e^0.0039t
In 2 = 0.0039t
0.693= 0.0039t
t = 177.69 yrs
Answer:
You need to write a check for $167.50 from your checking account, which has a balance of $1,725.25. What percent of your balance will remain?
The percent balance will remain 90%
Explanation:
$1725.25 - $167.50= $1557.75
percentage left= 1557.75/1725.25 X 100
percentage left= 90.291= 90.30%
Answer:
Cash A/C Debit $300
To James company $300
(Amount collected from James Company for credit sale)
Explanation:
Cash A/C Debit $300
To James company $300
(Amount collected from James Company for credit sale)
Note: The terms here provided that, 2/10, n/30.
Which means that 2% discount if payment made within 10 days, and total 30 days credit allowed.
Here the sales were made on 14 June, and payment received on 27 June that is it took more than 10 days as 10 days complete on 24 June.
Therefore, no discount will be offered.
