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lisov135 [29]
3 years ago
9

Devonshire, Inc. sold merchandise inventory on account at a price of $6,000 with payment terms of 2/10, n/30. The merchandise co

st Devonshire $1,000. If the customer paid for the merchandise 5 days after receiving the invoice, how much cash was collected by Devonshire?
Business
2 answers:
kotegsom [21]3 years ago
7 0

Answer:

$5880

Explanation:

The payment term of 2/10,n/30 means that if a customer/client pays up the cost of the merchandise within 10 days of purchase the customer will enjoy an additional 2 percent of the cost price of the merchandise

Initial cost of merchandise = $6000

cost price for devonshire = $1000

time of payment = 5 days therefore the customer qualify for a 2 percent discount

the amount to be collected by Devonshire would be = $6000 - (2% of $6000)

                                                                                = $6000 - $120 = $5880

yaroslaw [1]3 years ago
4 0

<u>Answer</u>:

<u>$5,880</u>

Explanation:

Remember <em>the payment term 2/10, net 30 implies that the customer is given 2% discount if he can pay the invoice within 10 days. If unable to do so, the customer pays the before the end of 30 days after the date of the invoice.</em>

The customer then paid Devonshire, Inc. the invoice after 5 days which is within 10 days, so a discount of 2% will apply.

The amount received was $6000 - (6000 x 0.02) = 6000 - 120 = $5880

Therefore money collected by Devonshire is $5,880.

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How to calculate Open-to-buy:
Open-to-buy = planned purchases - (orders received + merchandise ordered)

Planned purchases = $2,500
Received orders = $1,200
Ordered merchandise = $700

Open-to-buy = $2,500 - ($1,200 + $700)
Open-to-buy = $2,500 - $1,900
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3 0
3 years ago
Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's stock at the time was $37.50. Of the 10
Yuliya22 [10]

Answer:

a. $144 million

Explanation:

The computation of the amount of money raised is shown below:

But before that we have to find out the amount raised and underwriting fees which is given below:

Amount raised by company is

= 4 million × $37.5  

= $150 million

And,

underwriting fees is

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= $6 million

So, amount raised by the company is

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= $144 million

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5 0
3 years ago
Discuss reasons why communication may break down between co-workers regarding work matters, (4) Discuss how technology can be he
Fed [463]

Answer: 1) Lack of communication plan; this is a situation where the organization doesn't provide adequate training and orientation on how workers should communicate amongst each other.

2) Toxic and Stressful work environment; a toxic and stressful work environment can affect communication in a work environment. For people to communicate very well there have to be a great atmosphere for that and not that filled with hatred or so much work load.

Explanation:

Challenges in work environment is something that's inevitable sometimes, here are the following reasons why communication may break down between co-workers regarding work matters;

1) Lack of communication plan; this is a situation where the organization doesn't provide adequate training and orientation on how workers should communicate amongst each other.

2) Toxic and Stressful work environment; a toxic and stressful work environment can affect communication in a work environment. For people to communicate very well there have to be a great atmosphere for that and not that filled with hatred or so much work load.

3) Partial judgement; this could be defined as a situation where either the management staff has a bias concerning some workers over the others or the workers have some form of bias against themselves which clouds their judgement

Technology can be helpful in maintaining a healthy financial plan by helping you plan your savings and investment. Today we have many firms who came up with plans technology-wise on how individuals can save some amount of their money and get reasonable interest rate. They're other platforms where investments are been born out of through technology. The main purpose is that they help you keep a healthy financial plan both by saving and investments.

3 0
2 years ago
¿Cuál es el principal enfoque en Administración?
Sliva [168]

Answer:

En la actualidad existen diversos enfoques teóricos de la administración, entre los cuales se encuentran:la teoría científica de la administración la teoría clásica de la administración la teoría de Las relations humanas la teoría científica del comportamiento , la teoría de Los sistema, la teoría burocrática

5 0
3 years ago
Suppose the Federal Reserve announces that it will be making a change to a key interest rate to increase the money supply. This
lubasha [3.4K]

Answer:

Correct option is B

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Explanation:

We know from phillips curve, there is a backwards connection between swelling rate and joblessness rate. Hence joblessness rate can be diminished by expanding expansion which should be possible by expanding cash supply.  

Or then again an expansion in cash supply will diminish loan fee prompting increment in venture and subsequently increasingly capital development, because of which more work is required and therefore joblessness diminishes.

4 0
3 years ago
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