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Bess [88]
3 years ago
8

Medeco sold goods for $100 to a charge customer. The customer returned for credit $25 worth of goods. Terms of the sale were 1/1

0,n/30. If the customer pays the amount owed within the discount period, what is the amount the customer should pay?
Business
1 answer:
larisa86 [58]3 years ago
5 0

Answer: $74.25

Explanation:

Sale price of goods = $100

Worth of returned goods = $25

Term of sale = 1/10, n/30

Price if customer pays within the discount period equals :

Term of sale: 1% discount on price if the amount owed is paid within 10 days, else full amount is due in 30 days.

Actual price of goods purchased :

Goods purchased - worth of return

$100 - $25 = $75

Discount on price = 1% of $75

(1/ 100) × $75

0.01 × $75 = $0.75

Amount customer should pay:

$75 - $0.75 = $74.25

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Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10
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Answer:

2.23 is the price earnings ratio.

Explanation:

Firstly we must find the Earnings per share for this problem as it is needed to calculate the price earnings ratio so earnings per share = (Net income)/(Number of shares outstanding).

we are given net income of $401000 then to obtain number of shares outstanding for 2015 are $267000/$10 as we saw the company's common stock account balance all year long was that value of which each share has a par value of $10, then we get outstanding shares which are 26700 now we calculate the earnings per share (EPS) by using the above formula with substituting the above mentioned values :

Earnings Per Share= $401000/26700

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we have been given a current share price of $33.50 now we will use the earnings per share which was calculated above.

Price Earnings Ratio = $33.50/$15.01872659

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Price Earnings Ratio = 2.23

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3 years ago
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