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hichkok12 [17]
3 years ago
15

Happy​ Valley, Inc. has received an invoice for​ $6,500 with terms of​ 3/15, n/45 and uses the net method to record purchases. I

f Happy Valley pays the invoice on the seventeenth​ day, Accounts Payable will​ be:_________.
Business
1 answer:
Strike441 [17]3 years ago
4 0

Answer:

$6,500

Explanation:

In these cases, the fraction 3/15 represents that 3% discount will be offered on payment if the payment is made within 15 days.

The fraction n/45 represents the total credit period allowed for this purchase is 45 days.

So if a person makes the payment beyond 15 days there will be no discount offered and accordingly, the purchase price will be paid.

Here, Happy Valley also paid after 15 days, that is on 17th day. Thus, net purchase will be $6,500 and no discount shall be recorded on such payment, or recording the purchase value.

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From 2014 to 2015, the accounts payable change in dollars with an increase of $14,077 which is equivalent to 20.07%.

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irinina [24]

Answer:

The answer is: C) There is a valid contract

Explanation:

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Answer:

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Explanation:

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The Park Ridge Company's Relevant Old Machine Cost for Five Years is

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Annual cash operating costs      $20,000.00

Relevant Cost for Five Years     $52,000.00

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Original cost $200,000 is <em>Sunk Cost</em>

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Current age in years 5 0  - <em>irrelevant year</em>

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Disposal value now $32,000 -  

Disposal value in 5 years 0 <em>is without a cost</em>

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Which careers are apart of the Finance career cluster?
elena-s [515]

Answer:

D, most likely

Explanation:

3 0
3 years ago
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