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barxatty [35]
3 years ago
12

Juniper Company uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30

. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The amount of the cash paid on August 16 equals _____
Business
1 answer:
kozerog [31]3 years ago
8 0

Answer:

Amount of cash paid on Aug 16 = <u>$8,167.50</u>

Explanation:

As for the information provided the terms of purchase are,

1% discount if payment made within 10 days,

and a total credit period of 30 days without any discount beyond 10 days.

Here, inventory purchased on August 7 = $9,750

Less; Return on 11 August = $1,500

Net Purchases = $8,250

Since payment is made on 16 August that is within 10 days from purchase discount will be received

= $8,250 \times 1% = $82.50

Amount of cash paid on Aug 16 = $8,250 - $82.50 = $8,167.50

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People decide to save 20 percent of their incomes. The value of the marginal propensity to consume is ________ and the value of
DerKrebs [107]

Answer: 0.8; 5

Explanation:

From the question, we are informed that people decide to save 20 percent of their incomes. We should note that the addition of the marginal prospensity to consume(MPC) and the marginal prospensity to save(MPS) will be equal to 1.

Therefore, the value of the marginal propensity to consume will be:

= 1 - 20%

= 1 - 0.2

= 0.8

The value of the spending multiplier will be calculated as:

= 1/MPS

= 1/0.2

= 5

3 0
3 years ago
What is the yearly salary and hourly wage for a novel author? it's for a project. ​
likoan [24]
The annual salary for novel author is $64,349. Approximately $30.94 an hour.
5 0
3 years ago
Please list 3 New Years Resolutions and explain why you chose these.
My name is Ann [436]

Answer:

get better at outdoor skills, do more exploration, go sky diving

Explanation:

out door skills for survival situations more exploration cause its a fun way to get in exercise and sky diving cause its cool

5 0
3 years ago
Which of the following would cause an increase in a country's aggregate demand?
Leona [35]
<span>b) The nominal interest rate falls as the country's price level falls.
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3 0
3 years ago
Quince Holman Corporation reports: Cash provided by operating activities $250,000 Cash used by investing activities 110,000 Cash
mash [69]

Answer:

Holman's ending cash balance is $350,000.

Explanation:

The Ending Cash Balance can be obtained by Preparing a Cash Flow Statement as follows :

<u>Quince Holman Corporation </u>

<u>Cash Flow Statement</u>

Net Cash from Operating Activities                                        $250,000

Net Cash from Investing Activities                                          ($110,000)

Net Cash from Financing  Activities                                        $140,000

Movement during the Year                                                     $280,000

Cash and Cash Equivalents at the Beginning of the year      $70,000

Cash and Cash Equivalents at the End of the year               $350,000

Conclusion :

Holman's ending cash balance is $350,000.

5 0
3 years ago
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