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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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<em>The</em><em> </em><em>corr</em><em>ect</em><em> </em><em>answe</em><em>r</em><em> </em><em>is</em><em> </em><em>:</em><em>-</em> Measurable gain

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Problem 5-35 Comparing Cash Flow Streams [LO 1] You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They
Minchanka [31]

Answer:

PV of 1st option = $185,015.50

PV of 2nd option = $192,683.78

Explanation:

Computing the present value of the monthly payments, we use the formula PV = \frac{A(1-(1+r)^{-n}) }{r}

Where PV = present value of the monthly payments

A = monthly salary

r = monthly interest rate = 6%/12 = 0.5% = 0.005

n = number of months = 24 months

PV of the 1st option, $8,200 monthly for the next 2 year

PV = \frac{8,200(1-(1.005)^{-24}) }{0.005} = $185,015.50.

PV of the 2ns option, $6,900 monthly + $37,000 signing bonus

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7 0
3 years ago
Which best describes how advertising influences consumer choice in an oligopoly?
allsm [11]

Answer:

• Advertising undermines competition.

Explanation:

Oligopoly is a market structure which contains the small kind of firms in that it have non-significant influence. The concentration ratio defines the highest firms market share

As per the given options, the advertising impact the choice for the consumer in an oligopoly at the time when advertising undermines the competition

Therefore the option b is correct

And, the rest of the options are wrong

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3 years ago
Peter Metcalf founded Black Diamond which creates, produces, and sells outdoor equipment. This is an example of
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Answer:

manufacturing organization

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3 years ago
Imagine you inherited $50,000, and you want to invest it to meet two financial goals: (a) to save for your wedding you plan to h
AleksAgata [21]

Answer:

<u>Solution and Explanation:</u>

<u>Evaluation for investment decisions </u>

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  • Johnson & Johnson stock
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General electric bond – 2.5 years = This instrument has a long term maturity period

Dow ETF ETF is retained for capital gains in the near future period but their gestation period is high

Treasury Note – 60 months = Investment for 60 months which is not suited for short term goal of investor

 

6 0
3 years ago
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