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serious [3.7K]
3 years ago
14

Baker’s Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more tha

n six and an additional 7% discount because it took immediate delivery. Terms of payment were 3/10, n/30. Baker’s pays the bill within the cash discount period. How much should the check be?
Business
1 answer:
yawa3891 [41]3 years ago
4 0

Answer:

Check:  5,269.04

Explanation:

We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days

7 computer x 970 dollars each = 6,790

20% Discount for quantity:

6,790 x 20%                                  (1,358)

                   Invoice nominal:        5,432

discount within the first 10 days:

5,432 x 3%                                       (162.96)

        final amount:                       5,269.04

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Answer:

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The portfolio beta is a function of the weighted average of the individual stocks' betas that form up the portfolio. To calculate the beta of a portfolio, we use the following formula,

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