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sladkih [1.3K]
3 years ago
13

Cosmos company on july 15 sells merchandise on account to cajon co. for $6,000, terms 2/10, n/30. on july 20 cajon co. returns m

erchandise worth $1,000 to cosmos company. on july 24 payment is received from cajon co. for the balance due. what is the amount of cash received?
Business
1 answer:
faust18 [17]3 years ago
8 0
On July 15, there is pending 6000 on the cash account.

Then on July 20, Cajon Co. returns the merchandise of 1000, so the pending cash decreases and now it is only 5000.

Afterwards, on July 24, Cajon paid for the merchandise. Since the credit terms is 2/10, 2 percent discount will be given if they paid within 10 days. So 5000 multiplied by . 02 = 100. 5000 - 100 = $4900 is the amount of cash received.
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Business analytics uses _____ to support decision-making activities.
Naddika [18.5K]
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4 0
3 years ago
Based on the circular flow of business, what are two ways that households impact the economy? A) They provide wages and products
bonufazy [111]

Answer:

D. They provide the four factors of production and spend money on the product market.

Explanation:

In circular flow of business, all the players namely; household, government agencies, firms and others in an economy have an important role to play.

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When a unit spends money, it becomes the income of another unit. Household goes to market with their monies to buy goods and services, while firms goes to the factor market to buy the resources, which are owned by the household, to produce the goods and services.

As for the government agencies, they collect taxes on the goods and services produced and on income(both household and firms) . Government also buys goods and services inorder to produce specialize goods.

Through these interactions, money and business changes hands from the household to the firm and then to government. It goes back to the household and the list goes on and on.

7 0
3 years ago
Bob is a summer intern in an office. His boss asks him to organize a storage room filled with old contracts that must be held fo
Nutka1998 [239]

Answer:

The correct answer is (d) email.

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4 0
4 years ago
What is the rate of return when 30 shares of Stock
sattari [20]

Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

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Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%

6 0
3 years ago
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IgorC [24]

Answer:

The correct option is C.

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Foreign exchange gain or loss is the gain or loss made on transactions based on the movement in the exchange rates.

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4 0
3 years ago
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