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bonufazy [111]
2 years ago
14

Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. Pound Co. paid the invoice within the discount

period. What is the sales amount to be recorded in the above transactions? Group of answer choices
$26,010
$16,000
$24,990
$25,500
Business
1 answer:
aniked [119]2 years ago
8 0

Answer:

$24,990

Explanation:

2/15 net 45 means that if the customer pays within the period of 15 days, he will get the discount of 2% of invoice amount, otherwise he has to pay the whole amount of invoice within the period of 45 days.

In the given scenario, since the Pound Co. has paid the invoice within the discount period, so therefore, the Pound Co. has availed the discount of 2% and accordingly the sales amount shall be recorded as follows:

Sales amount=Invoice amount*98%

                       =$25,500*98%

                       =$24,990

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<span>Time and interest rates are directly related to one another. When paying a loan that accures interest, the longer it takes for you to pay the loan back, the more interest you are going to pay on that loan. Over time, the interest adds up and can be a large sum of money, if you want to pay a lower amount of interest, it is often beneficial to pay off the loan in a quicker amount of time. </span>
3 0
3 years ago
Read 2 more answers
The Instant Pot electric pressure cooker was introduced in 2010 and had a slow start, but word of mouth from social media and in
vagabundo [1.1K]

The  stage in the product life cycle of the Instant Pot would be "growth stage".

<h3>Stages in product life cycle:</h3>

There are four stages in the life cycle of a product in the market which are-

  • Take-off stage or introduction,
  • Growth stage or shake-out stage,
  • Maturity stage and
  • Decline.

The characteristics of Growth stage are-

  • Increasing sales, customers and profit.
  • Greater competition from fellow companies. As rival companies release similar products, the competition is frequently strong during the growth period.
  • The product will move into the growth stage if it maintains its success and continues to satisfy market demands.
  • Price undercutting in the growth stage is typically uncommon because businesses in this stage can boost revenue by luring in new clients.

The said product can be confirmed to be in the growth stage because it exhibits higher growth in demand by social media marketing. Also, it shows there was a rise in the rival companies Ninja and Crock-pot pressure cookers.

Learn more about product life cycle, here

brainly.com/question/16866268

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7 0
1 year ago
You are negotiating a new labor contract with union officials. The contract covers a plant that has experienced operating losses
Maslowich

Answer:

Is bluffing ethical? Under what circumstances?

Bluffing is basically lying, and lying is wrong. But on some circumstances, specially when you are carrying out a game strategy (and want to win), then bluffing might not be so bad.

Personally, I believe that bluffing is not unethical when you are negotiating with unions. I have nothing against unions, but their duty is to get the highest possible salary and benefits for their members. On the other hand, the company must balance the interests of its employees, the community and its shareholders. Union delegates always make very high initial demands, the company offers a very low increase or raise, and then after negotiating you get to a middle point. So bluffing could be just a strategy in order to negotiate some concessions, e.g. no pay raise until the company starts making a profit again.

What would Kant and Mill say?

Kant believed that the morality of someone's actions should be judged based on their duty. Since it is your duty to try to get some labor concessions, then bluffing is not unethical.

Mill believed that the morality of someone's actions should be judged based on the results, or how much good or happiness results from them. In this case, I suppose that more people would be unhappy than happy if you actually get some labor concessions, so bluffing would be unethical.

What would be the result under the Front Page test?

The front page test basically wants you to look at the events from the point of view of a third party that is not involved in the actions. If you could read this on the front page of a newspaper and it happened to someone else, would it be ethical or unethical? Since I believe that bluffing is a valid game strategy, then if I read this on a newspaper I would be OK with it.

7 0
3 years ago
Landings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2019. The bonds pay interest on Februar
I am Lyosha [343]

Answer:

B. debit to Cash for $1,092,500

Explanation:

The journal entry to record the issuance of the bond is shown below:

Cash Dr ($1,150,000 × 95%) $1,092,500

Discount on bond payable $57,500

      To Bond payable $1,150,000

(Being the issuance of the bond is recorded)

Here the cash and discount is debited as it increased the assets and discount while the bond payable is credited as it also increased the liabilities

Therefore option B is correct

8 0
2 years ago
Eakins Inc.'s common stock currently sells for $45.00 per share, the company expects to earn $2.75 per share during the current
Amiraneli [1.4K]

Answer:

0.37%

Explanation:

Since the expected payout ratio and earning per share is given, so we compute the current dividend which is shown below:

= Earning per share × payout ratio

= $2.75 × 70%

= $1.925

Now the cost of retained earning would be

= Current year dividend ÷ price + Growth rate

=  $1.925 ÷ $45  + 0.06

= 10.28%

And, the cost of new stock would be

= Current year dividend ÷ price × (1 - flotation cost) + Growth rate

=  $1.925 ÷ $45 × (1 - 0.08)  + 0.06

= 10.65%

So, the exceed cost would be

= 10.65% - 10.28%

= 0.37%

6 0
3 years ago
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