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Ksenya-84 [330]
3 years ago
5

Maplewood Supply received a $5,420 invoice dated April 15, 2015. The $5,420 included $320 freight. Terms were 3/10, 2/30, n/60.

(If more than one discount, assume date of last discount.) a. If Maplewood pays the invoice on April 27, what will it pay?
Business
1 answer:
Rainbow [258]3 years ago
4 0

Answer:

Maplewood will it pay $4,998 on April 27

Explanation:

Term 3/10, 2/30, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 and discount of 2% is available on payment of due amount after 10 days and before 30 days of sales with net credit period of 60 days.

According to given data

Sales = $5,420

Freight = $320

Sales Amount = $5,420 - $320 = $5,100

As the payment is made on 12th day after sale which falls in 30 days discount period, so 2% discount will be availed

Discount  = $5,100 x 2% = $102

Amount of payment = $5,100 - $102 = $4,998

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The Correct Response is Option B.

Inflation: can obscure relative price changes.

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8 0
1 year ago
After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture
Shkiper50 [21]

Answer:

two strengths and one threat

Explanation:

Since in the given situation it is mentioned that that Jake was fortunate to have $100,000 financing also the skilled installers are willing to work but at the same time he was aware that the new construction was all time low

So here there are two strengths and one threat

In this way the events are categorized

7 0
3 years ago
Why are parents buying more puzzles than
blagie [28]

Answer:

B

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children are more bored than ever so parents buy them puzzles so they stay busing doing something instead of saying they are bored to their parents every 3 seconds.

5 0
3 years ago
The preemptive right is important to shareholders because it a. protects bondholders, and thus enables the firm to issue debt wi
Rom4ik [11]

Answer:

b. protects the current shareholders against a dilution of their ownership interests.

Explanation:

Shares are ownership interests that are owned by business owners and measures the degree to which an individual has a stake in a company.

Preemtive right occurs when a shareholder has a right to purchase a particular portion of newly issued shares.

For example if an individual has 40,000 shares and additional 250,000 shares are issued, he can have the right to purchase an additional 30,000 of the new shares.

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7 0
3 years ago
The following information is available for MVF Company(dollar amounts are in millions)
Klio2033 [76]

Answer:

                                           2016            2015          2014           2013

gross profit%                     26.29%        22.58%      22.45%     22.41%

Inventory turnover          6.58               7.64            7.6             7.94

cost of material %          59.89%       51.76%         89.82%       51.10

b. gross%  has increased this may be due to a high demand, and intense marketing.

inventory turnover has decreased this may be due to new competition, or introduced product(new product)

cost of material purchased % it has increased in 2016, this may be due to increased production and effective use of material.

Explanation:

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cost of material purchased/ cost of finished goods

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4 0
3 years ago
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