Given:
<span>MAY 8 - Crump company purchased $1,850 worth of inventory on account from Payne industries ; the terms were 3/15, n/eom.
MAY 9 - Crump also paid freight charges of $95
Payne granted crump a $150 purchase allowance
MAY 17 - Payment in full
Debit Credit
May 8.
Purchases 1,850
Accounts Payable 1,850
May 9
Freight-In 95
Cash 95
Accounts Payable 150
Purchase returns and allowance 150
May 17 - Payment goes beyond the discounting period. No discount is given.
Accounts Payable 1,700
Cash 1,700
(1,850 - 150 = 1,700)
</span><span>"3/15, n/eom" This means that Crump can avail 3% discount when it pays on the 15th of the month and n discount when it pays at the end of the month. </span>
The definition you provided defines the term market economy
Answer: If he retires 10 years from now he will receive a retirement benefit of $650,000 and if he retires today he will receive $340,000 today, we need to find out if 650,000 is discounted at 6% for 10 years will its present value be more or less than 340,000. If the present value of 650,000 10 years from now discounted at 6% will be more than 340,000 he should not retire immediately and if the present value is less than 340,000 he should retire immediately.
Present Value = Future Value/(1+Rate)^Number of periods
Future Value = 650,000
Number of periods = 10
Rate = 6%
Present Value = 650,000/1.06^10
Present Value=362956
The present Value of 650,000 is more than 340,000 which means that Kyrie should not retire immediately.
Explanation:
Answer:
25
Explanation:
Base on the scenario been described in the question, Firm B's demand for a product is 12 units per month, and the supplier charges an ordering cost of $5 per $10 per unit with a 10% discount for orders of 25 units or higher, the optimal quantity firm B can order is 25.
