Answer: The net method assumes that discount are taken when a purchase or sale of inventory is made on account.
Explanation:
An invoice is a document sent by the seller to the buyer showing the description of the goods bought, the quantity, and the price. In invoice prices are sometimes given subject to so much percentage cash discount. The cash discount is a percentage reduction from the quoted prices of goods.It is an allowance given by the seller to the buyer in order to encourage the buyer to pay promptly. The term of sale known as net date with discount is a process whereby goods bought by the buyer are not paid for immediately, but it is paid for at a later date.
The net method of accounting assumes that the buyer will make use of the opportunity provided by the cash discount given by the seller and pays promptly in order to enjoy the cash discount. For example 2/10 net 30, this means that the buyer will be given 2% discount if the buyer pays within ten days, Therefore, the net method assumes that discount are taken when a purchase or sale of inventory is made on account. Also in the net method the recording of purchase is done with the cash discount given to the buyer by the seller, while sales are usually recorded at the net price.
Answer:
The answer is $793.50
Explanation:
To solve this, we will use the annual interest formula for simple interest, which is:
A = P(1 + <em>rt</em>)
Where:
- A is the final amount including principal
- P is the principal amount = $750
- <em>r</em> is the rate per year = 2.9% or 0.029 (that is 2.9 divided by 100)
- <em>t</em> is the number of years = 2 years
Next, we input these into the equation as follows:
A = 750(1 + 0.029 x 2)
A = 750(1 + 0.058)
A = 750(1.058)
A = 793.5
Therefore, Susan earns $793.50
Answer:
Refer below.
Explanation:
Favorite parts are:
The customers (funders) and clients (singular philanthropic staff) are extraordinary to work with. I can be open about being an individual of confidence when suitable. The assortment of my assignments every day.
The biggest potential problem when selecting a topic at random is that you don't know what topic to expect, whether it will be something you already know or something that you haven't even know, by that, conflicts will arise if the topic you get is something that you don't know or have studied on.
Answer: Option E
Explanation: In simple words, functional level strategies refers to the plans made for several departments so that the overall development of the organisation could take place. These strategies usually specifies the objectives and the expected outcomes.
Mergers and acquisition refers to the situation when one company takes over another company. It does not specify any goals or objectives nor it assigns any duties. It is an action and not a plan.
Hence from the above we can conclude that the correct option is E.
