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
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

You might be interested in
At what value should the land be recorded in clementine repair service records?
adell [148]

Answer: $369,500

Explanation:

The Cost concept of accounting calls for the recording of Assets at their cost.

Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.

The seller countered with $369,500 and Clementine accepted this.

This means that Clementine bought the land for $369,500 which makes it the cost price.

They should therefore record it at $369,500.

6 0
3 years ago
If you notice that you’re spending too much in a certain budget category, what are some things you could do to fix the shortfall
koban [17]

Some of the things which a person can do to adjust his spendings on a budget are:

  • Reduce spending habits
  • Make more money to finance the new purchases.

<h3>What is a Budget?</h3>

This refers to a financial plan where a person has made different allocations as to where certain monies would go to to avoid impulse spending.

With this in mind, we can see that if a person is spending too much, in a particular category, then he would have to either reduce spending or make more money.

Read more about budgeting here:
brainly.com/question/24940564

5 0
2 years ago
Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that manage
Maksim231197 [3]

Answer:

d. Milton Friedman

Explanation:

Milton Friedman is an American economist that believed in the free market capitalism. He was a free market advocate. He therefore advocated that the social responsibility of a manager is to maximize shareholders returns.

6 0
3 years ago
Read 2 more answers
Hodgkiss Mfg., Inc., is currently operating at only 95 percent of fixed asset capacity. Current sales are $800,000. Fixed assets
Norma-Jean [14]

Answer:

$4,292,699.99

Explanation:

Calculation to determine How much in new fixed assets are required to support this growth in sales

Full capacity sales = $800,000/0.95 = $842,105.26

Capital intensity ratio = $480,000/ $842,105.26 = 0.57000000

Fixed asset need = ($890,000 × 0.57000000) - $480,000 = $4,292,699.99

3 0
3 years ago
Alicia is working on a presentation about the top 10 employees of the month in her office. She wants to add a bold effect to the
frutty [35]

Answer: Highlight the headings in bold and choose your preferred colour.

Explanation:

For Alicia To add a bold effect on the word, she has to highlight the word she wants to work with and increase the size to your desired colour, this is also applicable to choosing preferred colour

6 0
3 years ago
Other questions:
  • If Mikael decides to go out with his friends instead of study for his biology test, what is the opportunity cost?
    7·1 answer
  • has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value of Kate
    9·1 answer
  • Credit unions are not subject to federal regulations.<br> T/F
    10·2 answers
  • Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performe
    12·1 answer
  • Which of the following changes would bring the U.S. capital stock, currently below the Golden Rule level, closer to the steady-s
    8·1 answer
  • Well organized buisiness writing uses short sentences and paragraphs. True or False?
    8·1 answer
  • Which of the followings
    12·2 answers
  • Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his div
    7·1 answer
  • Recent news articles have noted that women are "a crucial part of society and they are an untapped resource.") From your point o
    5·1 answer
  • When a license has been revoked what is the soonest the licensee can apply to the state to become a real estate licensee again?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!