A user has a credit card–sized card used to prove her identity with a pin. what is this card called?

gen-tech sells merchandise on account for $4,000 to acorn company with credit terms of 2/10, n/30. within the discount period, a

pickupchik [31]

Within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account

Using this formula

Check amount=(Merchandise sold- Merchandise return)- [(Merchandise sold- Merchandise return)× Discount]

Where:

Merchandise sold=$4,000

Merchandise return=$500

Discount=2%

Let plug in the formula

Check amount=($4,000-$500)-[($4,000-$500)×2%]

Check amount=$3,500-($3,500×2%)

Check amount=$3,500-$70

Check amount=$3,430

Inconclusion within the discount period, acorn company returns $500 of damaged merchandise and a check for $3,450 to settle the account.

Learn more here:

brainly.com/question/19865607

5 0

3 years ago

Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive

Natali [406]

Answer:

1. Variable cost is $0.061 or 6.1 cents per unit

Fixed Cost is $12,654

2. Y = $12,654 + $0.061X

3. $21,316

Explanation:

1.

Cost at 171,000 km = 171,000 x $13.5/100 = $23,085

Cost at 114,000 km = 114,000 x $17.2/100 = $19,608

High low method separates the fixed cost and variable cost using net of Highest activity level and Lowest activity level and net of their relevant costs.

According to High low method

Variable cost per unit = ( Highest activity cost - Lowest activity cost ) / ( Highest Activity - Lowest activity )

Variable cost per unit = ( $23,085 - $19,608 ) / ( 171,000 - 114,000 )

Variable cost per unit = $3,477 / 57,000

Variable cost per unit = $0.061

Fixed operating cost = Total cost - Total Variable cost = $19,608 - ( 114,000 x $0.061 ) = $12,654

2.

Y = a + bX.

Y = Total cost

a = Fixed cost = $12654

b = Variable cost per unit = $0.061 or 6.1 cents

Y = $12,654 + $0.061X

3

Total Distance travelled = X = 142,000 km

Y = $12,654 + $0.061 ( 142,000)

Y = $12,654 + $8,662

Y = $21,316

Total Cost is $21,316

7 0

3 years ago

A short-term usually spans ______ while a long-term goal typically spans

Firlakuza [10]

<span>A short-term goal typically spans a few days or a few weeks, and never more than six months in total. On the other hand, a long-term goal would usually take 12 months or more to accomplish. These are interrelated, because a long-term goal typically consists of several short-term aims.</span>

4 0

3 years ago

sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at the beginn

lesya [120]

Answer:

a. Debit deferred revenue and credit service revenue for $9000.

Explanation:

Note: The full question is attached as below

Subscription earned for 9 months = $12000 / 12 * 9

Subscription earned for 9 months = $9,000

Date Account titles Debit Credit

Dec 31, 2021 Deferred revenue $9,000

To Service revenue $9,000

4 0

3 years ago

An investor agreed to sell a warehouse five years from now to the tenant who currently rents the space. The tenant will continue

salantis [7]

Answer:

Net present value of $168,953.93

Explanation:

We will calculate the present value of the cash flow at the investor's rate of return.

First we have the annuity of 20,000 during 5 years

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C = 20,000

time = 5

rate = 10

$20,000 \times \frac{1-(1+0.10)^{-5} }{0.10} = PV\\$

PV = 75,815.73539

Then we calculate the present value of the final payment of 150,000

$\frac{Nominal}{(1 + rate)^{time} } = PV$

Nominal = 150,000

rate = 0.1

time = 5

$\frac{150,000}{(1 + 0.10)^{5} } = PV$

PV = 93,138.198459

<u>We add both together: </u>And get the present value

75,815.73 + 93,138.20 = 168,953.93

4 0

3 years ago