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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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In a given year, Jennifer earns $50,000 and spends $40,000. During the same period, Stcve earns $30,000 and spends $27,000. If J
elena55 [62]

Answer:

The sales tax is regressive with respect to income

Explanation:

sales tax by Jennifer = 0.1*30000

                                   = 3000

tax/income = 3000/50000

                   = 6%

sales tax by steve = 0.1*27000

                                   = 2700

tax/income = 2700/30000

                   = 9%

The tax increases with decrease in income, it indeed is regressive on the whole.

Therefore, The sales tax is regressive with respect to income

6 0
3 years ago
A business will want to borrow to undertake an investment project when the rate of return on that project is:
pychu [463]

Answer:

B) higher than the interest rate.

Explanation:

In the case when the business wants to borrow for a project so the rate of return would be greater than the rate of interest

And in the case when the rate of interest is lesser than the expected return so the investment would look attractive due to this there is a rise in the borrowing for that investment

Hence, the option b is correct

3 0
2 years ago
Which of the following is a positive economic statement? Group of answer choices The standard of living in the United States sho
Vesna [10]

The U.S. government should not have bailed out U.S. auto manufacturers.

Explanation:

  • After the inflation period during the 1930, which continued almost for the next 30 years, America increased its standard of living - payment of higher taxes. With an income that was to be paid to government and to be used for their living, Americans had a tough time for almost 10 years to come out of the inflation they faced. Recession was also a part of this period during Hoover's presidency.
  • Later, when Roosevelt was elected, his new ideals changed the phase of America which did not let the government stick to basic infrastructure of America. In this period, people of America unanimously agreed for the bailout of auto manufacturers with which, they earned revenue for other sector's development.
  • In 2009, when the contract with General Motors was disintegrated, which was created during the time of World War II, the government of America did not want to take any risk/was not ready to face an economic hit. This eventually led for a bail out.
  • With this step, in that period of time, it is an economically positive statement.
3 0
3 years ago
Giani and Maria are attempting to purchase a house in a new neighborhood. Maria is four months pregnant with their first child,
bija089 [108]

Answer:

The answer is "ECOA".

Explanation:

The Equal Credit Opportunity Act strictly prevents a lady from paying when she has a kid. It implies electronically gather information in clinical trials. The quality of data can be greatly improved whilst satisfying regulatory requirements. Inside this context, technologies including mobile phones, tablets or even the Web allows participants in the study, doctors, and caregivers to submit health results immediately.

8 0
3 years ago
Each share of common stock provides the investor with a ________ right that offers the investor the first right to purchase any
Marina CMI [18]
Had to look for the options and the answer the best fits the blank provided is PREEMPTIVE. When we say preemptive right, this is the right granted to certain shareholders in order for them to buy additional shares in the company. Hope this answers your question.
4 0
3 years ago
Read 2 more answers
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