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nata0808 [166]
3 years ago
15

Nash's Trading Post, LLC on July 15 sells merchandise on account to Tayler Co. for $2800, terms 1/10, n/30. On July 20 Tayler Co

. returns merchandise worth $1000 to Nash's Trading Post, LLC. On July 24 payment is received from Tayler Co. for the balance due. What is the amount of cash received?
Business
1 answer:
Ugo [173]3 years ago
3 0

Answer:

Cash received 1,782

Explanation:

Sales Revenue 2,800

Return Goods 1,000 (customer return goods for this amount)

Sales after return 1,800 (original value less returns)

payment is due within discount period.

The terms are 1% discount within the first 10 days The payment is done at July 24th. Which is the nineth day.

1% discount of 1,800 = 18

<em>Cash receipts 1,800 sale - 18 discounts = </em><em>1,782 </em>

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Effectus [21]

Daimler AG agreeing to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, is an example of countertrade

<h3>What is Countertrade?</h3>

Countertrade is the means by which good and services is being paid for, with other goods or services, instead of with money.

Examples of countertrade include:

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From the question, since Daimler AG agreed to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, hence countertrade has occurred.

Learn more countertrade on brainly.com/question/14659049

8 0
3 years ago
True or false. the consumer sector is the largest part of the macroeconomy.
antiseptic1488 [7]
The consumer sector is the largest part of the macroeconomy

TRUE
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3 years ago
(I) Banks are financial intermediaries that accept deposits and make loans.
m_a_m_a [10]

Answer:

A) (I) is true, (II) false.

Explanation:

Banks are financial intermediaries that accept deposits and make loans.

However the term "banks" does not regularly include firms such as credit unions, insurance companies, and pension funds.; because credit unions are not-for-profit organisations and insurance companies are a non-bank financial institution that provides its customers risk protection depending on the level of policy they have sold to such customers. Pension funds are more like deposits made against retirement.

5 0
3 years ago
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Leto [7]
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Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
shutvik [7]

Answer:

Micro environment                                              

Explanation:

The institution's micro-environment comprises of those components that are manageable. Generally the micro-environment doesn't really impact all businesses in a sector in same manner, as the scale, efficiency, competence and approaches are different.

For instance, the suppliers of raw materials are giving big corporations more compromises. We might not offer small businesses the same concessions though. Thus, from the above we can conclude that the correct answer is micro-environment.

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