Answer:
a. $10,003.
Explanation:
The terms of 2/10, n/45 means that there is a 2% discount if the payment is made within 10 days of the sales date and rhe net credit period is 45 days.
Calculate total invoice value
Total Invoice value = Merchandise value + Freight Charges = $10,700 + $850 = $11,550
As the payment is made on June 24 within the discount period, the discount will be availed
Discount = ( Purchases made - Returns ) x 2% = ( $10,700 - $1,360 ) x 2% = $186.80 = $187
Now the Amount paid
Amount Paid = Invoice value - Return - Discount avaialed = $11,550 - $1360 - 187 = $10,003
Answer:
they are paid more than customers service representatives
Answer:
Explanation:
The construction of the income statement is presented below:
Net sales $500,000
Less: Cost of goods sold -$250,000
Gross profit $250,000
Less: Operating expenses
Salaries expenses -$100,000
Rent expense -$24,000
Utilities expense - $25,000
Insurance expense - $12,000
Operating profit $89,000
Less: interest expense - $5,450
Less: payroll taxes - $25,000
Net profit $58,550
The interest earned compounded annually at $80.14
$1000 x (1.07)^2=1144.90 after 2 years
1144.90 x 0.07 = 80.14
A technique of calculating and adding interest to funding or mortgage as soon as a year, in preference to for any other period: if you borrow $100,000 at five% hobby compounded annually, after the first yr you'll owe $five,250 on a principal of $a hundred and five,000.
It's far to be mentioned that the above-given system is the general components while the major is compounded n quantity of instances in a yr. If the given most important is compounded annually, the quantity after the term at percentage fee of interest, r, is given as A = P(1 + r/a hundred)t, and C.I. could be P(1 + r/100)t - P.
That stated, annual hobby is commonly at a higher rate because of compounding. in place of paying out monthly, the sum invested has twelve months of increase. But if you are able to get the equal price of interest for month-to-month payments, as you can for annual bills, then take it.
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B.one loaf of bread free when you buy one at regular price of 68 cents per loaf
