The answer is A. Early payment
In Cash discounts, buyers will have the incentive to reduce the amount owed to the seller if they pay their liability faster than the Deadline
For example, the sellers can offer a 2 % discounts if the buyers make a payment within 10 days, while the actual deadline is 30 days
Answer:
The dividend the company just paid is $3.53
Explanation:
The solution to the problem is given as follows.
$48.20 = D1/(.1120 − .0360)
$48.20= D1(0.076)
Making D1 the subject of formula we have.
D1 = $3.66
D0 = $3.66/(1 + .0360)
D0 = $3.53
Answer:
minimize
Explanation:
Tax Liability refers to the tax amount owed by the person or company and which is paid to the local tax authorities. However, there are certain rules that assist in calculating the tax liability of an individual or company. In order to minimize this amount an individual or a company needs to properly plan their financial benefits (such as income, savings and/or dividends) and discuss with tax consultant on the best way to minimize the tax liability.
Answer:
Feb 01
Allowance for doubtful accounts 6,800
Accounts receivable—Oakley Co. 900
Accounts receivable—Brookes Co. 5,900
Jun 05 Accounts receivable—Oakley Co. 900
Allowance for doubtful accounts 900
Jun 05 Cash 900
Accounts receivable—Oakley Co. 90
Explanation:
