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elena-14-01-66 [18.8K]
3 years ago
10

Presented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with ter

ms 3/15, n/60. Perez uses the gross method to record cash discounts. Perez estimates allowances of $1,300 will be honored on these sales. 10 Perez received payment from Robertson for the full amount owed from the July transactions. 17 Sold $200,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Perez for its purchase of July 17. Prepare the necessary journal entries for Perez Computers.
Business
1 answer:
Advocard [28]3 years ago
4 0

Answer:

A journal is provided as an attachment to record the entries for Perez Computers.

Explanation:

The gross method of cash discounts assumes that the customer will not take advantage of the offered discount.  It therefore records the sale in full without netting off the discount element.  This was done in the answer.

When Robertson paid within 10 days, the 3% cash discount was allowed since payment was received within the terms of 15 days.

For The Clark Store, there was no discount because payment was received later than the allowed 10 days.

Download xlsx
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In its third year, a project is expected to generate earnings before interest, taxes, depreciation, and amortization of $283,104
Lesechka [4]

Answer:

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Explanation:

Calculation for the project's expected operating cash flow

The first step will be to find the EBIT

using this formula

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Let plug in the formula

EBIT= 283,104 - 53,228

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Second step is to find the NOPAT using this formula

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Last step is to calculate for Expected Operating Cash flow

Using this formula

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Let plug in the formula

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3 years ago
You have $2,000 today in your savings account. How long must you wait for your savings to be worth $4,500 if you are earning 1.2
Alenkasestr [34]

Answer:

n= 65.27 years

Explanation:

Giving the following information:

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<u>Answer:</u>

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<em></em>

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grigory [225]
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Answer:

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