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bonufazy [111]
3 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]3 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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Answer:

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Explanation:

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Hope this helped!
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. El Capitan Foods has a capital structure of 36% debt and 64% equity, its tax rate is 35%, and its beta (leveraged) is 1.4. Bas
almond37 [142]

Answer:

The firm's unleveraged beta is 1.0251

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