Usually the government will at the end of each cycle
Answer:
B. $12,600
Explanation:
<em>"The company expects 60% of its sales to be credit sales and 40% for cash"</em>
Credit sale for May = $30,000 * 60%
Credit sale for May = $18,000
<em>"70% of the credit sale is collected in following month of sale"</em>
Accounts receivables on 31 May = 70% of credit sale for May
Accounts receivables on 31 May = 70% * $18,000
Accounts receivables on 31 May = $12,600
Answer:
Under the gross method
= $15,000
Under the net method
= $14,850
Explanation:
Data provided in the question:
Amount of inventory purchased = $15,000
terms of 1/10, net 30
Now,
Under the gross method,
The inventory is recorded at the price mentioned on invoice and only discounts taken are recognized
therefore,
Amount carried by inventory = Amount of inventory purchased
= $15,000
and,
Under the net method all the discounts will be taken
therefore,
Amount carried by inventory
= Amount of inventory purchased - Discount
= $15,000 - 1% of $15,000
= $15,000 - $150
= $14,850
Answer:
all of the above
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable. This ensures that shareholder wealth is maximised
The NPV method uses discounted cash flows. so the time value of money is considered
Depends. If you want 1 day shipping then you have to pay for it, but normal shipping I would probably say a few weeks.