1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weeeeeb [17]
3 years ago
8

On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu

rns merchandise worth $300 to Buehler Company. On June 24th, payment is received from Chaz Co. for the balance due. What is the amount of cash received?
Business
1 answer:
mestny [16]3 years ago
6 0

Answer:

$ 686

Explanation:

Given:

Amount paid = $ 1000

Discount offered = 2/10 = 2%

Value of returned merchandise = $ 300

Cash received = $ 1000 - $ 300 = $ 700

now 2 % deduction for the return within the given return period

thus,

net cash received = $ 700 - ( 2% of $ 700 )

or

net cash received = $ 700 - $ 14

hence,

net cash received = $ 686

You might be interested in
Assume that you are a consultant to Lotte Inc., and you have been provided with the following data: D1 = $0.67; P0 = $27.50; and
Eduardwww [97]

The cost of equity from retained earnings based on the DCF approach=9.44%

Explanation:

  • The cost of equity from retained earnings based on the DCF approach can be calculated as follows,
  • For D1  = $0.67
  • For P0 = $27.50
  • For  g = 7.00%
  • Therefore, rs = \frac{D1}{PO} + g
  • The answer is =9.44%

8 0
3 years ago
Lewis is a business manager for micro manufacturing company. ethical dilemmas that lewis is not likely to encounter include deci
Dmitry_Shevchenko [17]
Since Lewis is a Micro Manufacturing Company business manager, the ethical dilemmas that he is not likely to encounter is the decision in t<span>he kind of pizza to order for a company meeting. This is not part of his job as a business manager. Rather, he covers issues regarding profits, employees, workplace and stock prices.</span>
7 0
3 years ago
Which of the following statements is​ true? A. Each country as a whole is made better off as a result of international​ trade, b
natulia [17]

Answer:

A. because it can impact an individual

Explanation:

5 0
3 years ago
The primary difference between manufacturing companies and service companies is that the products provided by service companies
ollegr [7]

Answer:

The products by services companies are consumed immediately.

Explanation:

Goods are physical tangible products that are used to satisfy human needs and wants. On the other hand, services are non-physical, nontangible products that also serve the purpose of satisfying human needs and wants.  

The manufactured good can be stored in inventories after production, however, the services are consumed as they are produced. They cannot be stored in inventories to be consumed later. They have to be consumed immediately.  

This is the main difference between the products of manufacturing companies and services companies.

5 0
4 years ago
Approximately 43,000 ______ die annually on the roads of united states
Shalnov [3]
<span>Approximately 43,000 people die annually on the roads of the united states. The number of cars continues to grow. 200,000 in 1990 225,000 in 2000, 250,000 in 2010. The amount of time people commute continues to grow. The number of deaths per year is constant due to improved safety equipment.</span>
7 0
3 years ago
Other questions:
  • A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cos
    15·1 answer
  • What does advice of deposit mean on a check?
    10·1 answer
  • Loss leaders are poorly managed retail companies of outlets. true or false.
    13·2 answers
  • How much money should you get selling gold for cash?
    13·1 answer
  • When revising a budget, it is important to make choices that allow you to continue<br> money.
    10·1 answer
  • External costs are A. borne by the public but incurred by the government. B. borne by the government but incurred by the public.
    6·1 answer
  • Paula used to check her voice mail each time she returned to her office after a meeting or break. Now she checks her voice mail
    10·1 answer
  • Carmine Inc. is a software firm that caters to the requirements of its clients. At Carmine, work teams have access to all vital
    6·1 answer
  • "The net present value of the investment, excluding the annual cash inflow, is −$403,414. To the nearest whole dollar how large
    7·1 answer
  • What is one specific requirement of a negotiable instrument?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!