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andreyandreev [35.5K]
3 years ago
10

On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the

sales discount be if the payment is received on January 9?
a.$8,750

b.$1750

c.$10,000

d.$26,250
Business
1 answer:
worty [1.4K]3 years ago
6 0

Answer:

b. $1750

Explanation:

Provided that

Sale of the company = $87,500

Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days

The amount of the sales discount would be

= Sale of the company × discount percentage

= $87,500 × 2%

= $1,750

We simply multiplied the sale of the company with the discount percentage so that the sales discount could come

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based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.

What is multinational enterprises?

A corporate entity that owns and manages the production of goods or services in at least one nation other than its own is referred to as a multinational firm. Coca-Cola, Unilever, Pepsi, Starbucks, McDonald's, BMW, Suzuki, Samsung, etc. are a few instances of international corporations.

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A newborn child receives a ​$7 comma 000 gift toward a college education from her grandparents. How much will the ​$7 comma 000
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Answer:

$7,000 gift will be worth $19,922 after 17 years ( or 68 quarters) given the discount rate is 6.2% compounded quarterly.

Explanation:

The worth of $7,000 nowadays after 17 years is equal to its future value compounded for the time of 17 years or 68 quarters.

As the discounted rate is 6.2% compounded quarterly, we have:

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Apply the formula for future value to determine the value of $7,000 in 17 years as: 7,000 x (1+1.55%) ^68 = $19,922.

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Consider the following for Guardian Manufacturing Company: Change in finished goods inventory $ 315 increase Change in work-in-p
vesna_86 [32]

Answer:

B) $ 485 $ 170

Explanation

The cost of goods manufactured includes all the manufacturing costs in a given period adjusting for changes in work in process balances. The total manufacturing costs are $ 630 but this results in  an increase in work in process inventory by $ 145, so in other words, part of the total manufacturing costs have gone towards increasing the work in process balance.

So the cost of goods manufactured is $ 630 - $ 145 = $  485.

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The description including its question throughout the discussion is summarized throughout the explanatory section below.

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