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Verizon [17]
3 years ago
14

Redline Editorial Services sent a $1,000 invoice to a customer for copyediting a booklet. According to the terms of the invoice,

the customer would receive a 3 percent discount on the invoice price if the invoice was paid within 15 days. This is an example of a:
a. Quantity discount.
b. Cash discount.
c. Rebate.
d. Functional discount.
e. Promotional allowance.
Business
1 answer:
viva [34]3 years ago
7 0

Answer:

b. Cash discount.

Explanation:

The cash discount is the discount given by the company to its customers in order to pay the amount within the prescribed limit

Let us take an example 3/15 net 30

This means 3% discount is given if payment is made within 15 days and the total credit period allowed is 30 days

So as per given situation, the term of the invoice stated the same scenario as explains above

Therefore, it is a case of cash discount

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For June, Gold Corp. estimated sales revenue at $400,000. It pays sales commissionsthat are 4% of sales. The sales manager's sal
bogdanovich [222]

Answer:

The budgeted selling expenses for the month of July is $220,000

Explanation:

The computation of the budgeted selling expenses are shown below:

= Sales commission + sales manager's salary +  shipping expenses +  miscellaneous selling expenses

where,

Sales commission = Sales × commission percentage

                              = $400,000 × 4%

                              = $16,000

Shipping expenses = Sales × expenses percentage

                                = $400,000 × 1%

                                = $4,000

The other expenses amount would remain the same

Now put these values to the above formula  

So, the value would equal to

= $16,000 + $190,000 + $4,000 + $10,000

= $220,000

8 0
3 years ago
The risk-free rate is 2.3 percent and the market expected return is 12 percent. What is the expected return of a stock that has
andrew-mc [135]

Answer:

The expected return = 10.739.

Explanation:

Given risk-free rate of return = 2.3 per cent

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The expected return = Risk free rate of return + Beta × (Market expected return - risk free rate of return)

The expected return = 2.3 + 0.87 (12 – 2.3)

The expected return = 10.739

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