1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
photoshop1234 [79]
3 years ago
7

An invoice, with payment terms of 6/10, n/30, was issued on april 28 for $230.00. if the payment was made on may 12, the amount

of payment will be ________. (round your answer to the nearest cent.)
Business
1 answer:
meriva3 years ago
6 0

The amount of the payment on May 12 will be the full amount of $230.00

6/10 n/30 means a 6% discount <em>if </em>paid within 10 days and the net amount is due within 30 days. Since the payment was made after 10 days there would be no discount, just the full amount due.

You might be interested in
You are investing $500 today. If it is compounded semi-annually at an annual interest rate of 13% for the next 5 years, your inv
Ilya [14]

Answer:

Explanation:

In this question, we are expected to know the amount a certain investment would have grown to after 5 years.

Mathematically, the amount is calculated by the formula below:

A = P(1 + r/n)^nt

The parameters have the following values: A = ? P = $500 r = 13% = 13/100 = 0.13 n = 2 ( semi-annually means two times a year) and t = 5 years

A = 500( 1 + 0.13/2)^(2 * 5)

A = 500(1 + 0.065)^10

A = 500( 1.877)

A = 938.56 or simply $939

4 0
3 years ago
All of the following are limitations of a global strategy except
alexira [117]

Answer:

B. the ability to locate activities in optimal locations

Explanation:

Global strategy is defined as an organization or company strategic guide to globalization. A decided to go global in order to reap the reward of trading in a world wide market.

Many limitations occurs in global strategization, which may include: ability to adapt, higher tariffs and so on.

But the ability to locate activities in optimal location is not a limitation. This is within the scope of a good global strategy.

6 0
3 years ago
Holly loaned funds at 12or 30 days and earned $500 in interest. how much is the principal on this loan (use ordinary interest)?
Mamont248 [21]

$50,000 is the principal amount.

When you initially apply for a house loan, you borrow a certain amount of money, which is known as the principle. Simply deduct your down payment from the final selling price of your house to determine your mortgage principal.

The formula for calculating the Principal amount would be P = I / (RT) where Interest is Interest Amount, R is Rate of Interest and T is Time Period.

I = $ 500

RT= .12 X 30/360

So,

P = I/RT

P= 500/0.01

P= $50,000

Holly loaned funds at 12 or 30 days and earned $500 in interest. The principal amount on this loan is $50,000

To learn more about the Principal amount

brainly.com/question/12313365

#SPJ4

4 0
1 year ago
Patterson and Clay Companies both use cost-plus pricing formulas and arrived at a selling price of $1,000 for the same product.
Lana71 [14]

Answer:

Patterson and Clay Companies

1. Higher cost basis for marking up is:

= Clay Company

2. Higher markup percentage is:

= Patterson Company

Explanation:

a) Data and Analysis:

Costing formulas:

Patterson:

Absorption manufacturing cost

Markup = Higher markup rate

Selling price $1,000

Clay:

Total cost = Higher cost basis for marking up

Markup

Selling price $1,000

b) Total cost is higher than total manufacturing costs.  It includes more than the total manufacturing costs.  Absorption manufacturing costs only include the variable manufacturing costs and fixed manufacturing overhead costs.  Total costs include all the absorption costs and other selling, administrative, and distribution costs.

6 0
3 years ago
During the Great Depression, the excess reserve to deposit ratio rose for a variety of reasons. The impact on the money multipli
masya89 [10]

Answer:

The correct answer is True.

Explanation:

When banks hold a maximum percentage of bank deposits as treasure, the twine maker's audacity decreases. To see why this is so, let's first look at the recipe for the pasta divider.

The recipe for the money maker is :

Multiplier = 1 / list of required circumspection.

However, we should be aware that this assumes that banks will lend all deposits that they are not required to support as required treasury. In essence, the executor in this formula is really the percentage of deposits that is kept in the belt in opportunity to be borrowed. When the delicacy of riches increases, the factor in this recipe still increases. When this happens, the negotiator falls.

We can also see why the value of the creator of parné falls in a non-mathematical way. The number exists because banks lend string. If I deposit $ 1000, the jail could feed $ 100 as required treasure and lend the other $ 900 to someone else. When they grant this loan, the money offer has increased by $ 900 because my $ 1000 has become $ 1900. Now imagine that the belt has a treasury treat. Now I deposit $ 1000 but the side maintains $ 500. In this case, my $ 1000 romanza becomes $ 1500. Therefore, when the banks keep more money in the treasury, the decision of the twine executor decreases.

7 0
3 years ago
Other questions:
  • Soda is the largest bottler of Soda in Western Europe. The company purchases Brand 1 and Brand 2 concentrate from The Soda Compa
    14·1 answer
  • Frito-lay, which is widely known for producing chips and other snack products, tried to introduce frito-lay lemonade. the reason
    10·1 answer
  • ou are a producer of cold medicine. Last month, a flood at your factory eliminated 50% of your firm’s production capability. At
    6·1 answer
  • Andover Systems has a standard variable overhead rate of $5.60 per machine hour, and each unit produced has a standard time allo
    5·2 answers
  • Sandhill Corporation has temporary differences at December 31, 2020, that result in the following deferred taxes.
    12·1 answer
  • Sissie owns two items of business equipment. Both were purchased in 2015 for $100,000, both have a 7-year MACRS recovery period,
    15·1 answer
  • On January 1, 2021, Gridley Corporation had 375000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold
    15·1 answer
  • Toby has been working on collecting tidbits over the past year from a financial firm's trash in an effort to eventually break in
    9·1 answer
  • Which of the following is a variable expense?
    11·2 answers
  • What is the factor affect the net export of a country
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!