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Zinaida [17]
3 years ago
8

How much would it cost him in interest over 5 months if he used card A to make the purchase?

Mathematics
1 answer:
Kamila [148]3 years ago
4 0

Answer:

I need a little bit more detail in the question to answer.

Step-by-step explanation:

You might be interested in
A company purchased $10,000 of merchandise on January 5 with terms 2/10, n/30. On January 7, it returned $1,200 worth of merchan
s2008m [1.1K]

Answer:

C. Debit Accounts Payable $8,800; credit Merchandise Inventory, $176; credit Cash $8,624.

Step-by-step explanation:

Data given in the question is inconsistent with the options given.

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Purchases = $10,000

Returns = $1,200

Amount Due = $10,000 - $1,200 = $8,800

As the payment is made after discount period, so no discount will be availed. Full amount of $8,800 will be paid.

A similar and correct question is given below and answer is made accordingly.

A company purchased $10,000 of merchandise on January 5 with terms 2/10, n/30. On January 7, it returned $1,200 worth of merchandise. On January 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on January 12 is:

Debit Accounts Payable $10,000; credit Merchandise Inventory $200; credit Cash $9,800.

Debit Merchandise Inventory $8,800; credit Cash $8,800.

Debit Accounts Payable $8,800; credit Merchandise Inventory, $176; credit Cash $8,624.

Debit Cash $1,600; credit Accounts Payable $1,600.

Debit Accounts Payable $8,624; credit Cash $8,624.

Solution

Terms 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

Purchases = $10,000

Returns = $1,200

Amount Due = $10,000 - $1,200 = $8,800

As the payment is made within discount period, so discount will be availed

Discount = $8,800 x 2% = $176

Cash Paid = $8,800 - $176 = $8,624

5 0
3 years ago
If the length of a rectangle is 5y-7 and the width is 3y,represent the area of the rectangle
elena-14-01-66 [18.8K]

Answer:

15y^2 - 21y

Step-by-step explanation:

A = LW

A = (5y - 7)(3y)

A = 15y^2 - 21y

8 0
3 years ago
Read 2 more answers
1. For the function f(x) = 5, determine each of the following values.
Bess [88]

Answer:

f(4) = 5

Step-by-step explanation:

f(x) = 5.

Whatever value of x you input to the function , the function's value is always 5.

This is seen when you examine the graph of f(x) = 5. It is a straight horizontal line passing through y = 5. For every value of x along the line, f(x) = y = 5.

8 0
3 years ago
Which equation has real zeros corresponding to
posledela

Answer: A.) y = log3(x) - 1

Step-by-step explanation: On edge, you're welcome !

7 0
3 years ago
Read 2 more answers
Which represents the solution(s) of the graphed system of equations, y = x2 x – 2 and y = 2x – 2? (–2, 0) and (0, 1) (0, –2) and
Marysya12 [62]

The solution to the system of equation are (0, -2) and (1, 0)

<h3>Solution to system of equations</h3>

System of equations are equations that has unknown and more than 1 equations.

Given the system of equations

y = x^2 + x – 2

y = 2x – 2

Equate both expressions

x^2 + x -2 = 2x - 2
x^2 - x = 0
x(x-1) = 0
x = 0 and x - 1 = 0
x = 0 and 1

If x = 0

y = 0 - 2 = -2

If x = 1

y = 2 - 2 = 0
Hence the solution to the system of equation are (0, -2) and (1, 0)

Learn more on system of equation here: brainly.com/question/13729904

#SPJ4

7 0
2 years ago
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