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Tasya [4]
2 years ago
7

Gammy Corporation provides services with a normal price of $800,000 and a trade discount of $100,000. Terms are 2/10, n/30 and t

he customers pay within 10 days. The net service revenue is:______.
Business
1 answer:
oee [108]2 years ago
4 0

Answer:

$686,000

Explanation:

net service revenue = gross revenue - discount for early payment

gross revenue = total sales price - trade discount

gross revenue = $800,000 - $100,000 = $700,000

net service revenue = $700,000 - 2%($700,000) = $700,000 - $14,000 = $686,000

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Eva8 [605]

She should use, graphics software to create the logo.

5 0
3 years ago
Read 2 more answers
Which of the following statements is CORRECT? a. Other things held constant, an increase in the debt ratio will result in an inc
fiasKO [112]

Answer:

E. Suppose a firm's total assets turnover ratio falls from 10% to 9%, but at the same time its profit margin rises from 9% to 10% and its debt increases from 40% of total assets to 60%. Under these conditions, the ROE will increase.

3 0
3 years ago
Prior, Inc. has decided to raise additional capital by issuing $175,000 face value of bonds with a coupon rate of 10%. In discus
bogdanovich [222]

Answer:

cash                 150,000 debit

discount on BP 47,500 debit

    bonds payable          175,000 credit

    warrants                      22,500 credit

If the warrants were undetachabel they wouln't be able to be transfer in a secondary market thus, they will not be traded the accounting will only the 150,000 as bonds an dthe diffrence with the 175,000 as discount.

cash                 150,000 debit

discount on BP 25,000 debit

       bonds payables      175,000 credit

Explanation:

136,000  bonds  136,000/160,000 = 0.85

<u>  24,000 </u>warrant 24,000 /160,000 = 0.15

160,000

bonds 150,000 x 0.85 = 127,500

discount on bonds: 175,000 - 127,500 = 47,500

warrants 150,000 x 0.15 = 22,500

8 0
2 years ago
True or False : When you are thinking of something you want to predict, measure, or change in your business, you are probably th
Ad libitum [116K]

Answer:

True

Explanation:

Dependent variables are variables which are altered by the changes to the independent factors or variables.

The following are instances of dependent and independent variables:

       

Dependent Variable (DV): Profit, Product Quality, Staff Attrition during a recession.

Profit (DV) depends on sales, expenses, the economy, the proficiency of the sales staff, the quality of the product.

The Quality of the Product (DV) depends on the production process, product design, quality of raw materials etc

So, many of the factors highlighted above, which affect the dependent variables are called Independent variable.

Profit, for instance, can be forecasted or changed IF changes are made to sales.

It is possible to measure the quality of a product or service. It can also be altered by increasing or decreasing the quality of raw material input.

Cheers!

8 0
2 years ago
What entry would blue make to record the sale of the machine for $30,250 cash?
nirvana33 [79]
An increase in cash would definitely placed in debit because it considered an asset and we need to place the increase of sales on the credit side.
So, in this case, the entry would be

Cash       $ 30,250
       Sales                $ 30.250
6 0
3 years ago
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