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Yanka [14]
3 years ago
14

From the following facts calculate what Eva Main paid Jade Co. for the purchase of a dining room set. Sale terms are 4​/10, ​n/3

0 Sales ticket price before​ tax, $ 12 comma 000​, dated April 5. b. Sales​ tax, 10​%. c. Returned one defective chair for credit of $ 500 on April 8. d. Paid bill on April 13.
Business
1 answer:
schepotkina [342]3 years ago
7 0

Answer:

$12,190

Explanation:

We first group the information.

Dining Room set cost = $12,000

Tax at 10%

Terms as 4% discount if paid in 10 days and full payment in 30 days.

Adjustments :

Payment = $12000

Tax = $1200

Refund = $500

Tax refund for chair returned = $50 (500*0.1)

Discount received for settlement = (12000 - 500) * 0.04 = $460

Total payable @ April 13 = 12000 + 1200 - 500 - 50 - 460 = $12,190

Hope that helps.

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As an important control for the occurrence assertion related to sales, the computer starts with the population of daily sales in
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Answer:

A. bill of lading

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So as per the given situation since it is mentioned in the question that for shipping documents the sales invoice should be supported by the bill of lading

hence, the same is to be considered

8 0
2 years ago
ames Corporation is planning to issue bonds with a face value of $501,500 and a coupon rate of 6 percent. The bonds mature in 10
Yuliya22 [10]

Answer:

The independent cases not given in the question are:

a. Case A: Market interest rate (annual): 4 percent.  

b. Case B: Market interest rate (annual): 6 percent.  

c. Case C: Market interest rate (annual): 8.5 percent.

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At 6% issue price is $501,500.00

At 8% issue price is $433,344.51

Explanation:

The price of the bond can be computed using the pv value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the market interest given in the three cases divided by since the bond is a semi-annual interest paying bond. for example 4%/2=2%

nper is the time to maturity multiplied by 2  i.e 10*2=20

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fv is the face value at $501,500

at 4%

=pv(2%,20,15045,501500)

=$583,502.44

at 6%

=pv(3%,20,15045,501500)

=$501,500.00

At 8%

=pv(4%,20,15045,501500)

=$433,344.51

8 0
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Unlike other car rental agencies that are based in airports to serve travelers, wheelz-on-rent has a network of neighborhood off
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because the person who made it likes to make people mad/sad

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Recently Anheuser-Bush, an American Corporation, and InBev, a Belgian Corporation, finalized a multibillion dollar merger to for
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Answer:

Horizontal merger

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An horizontal merger is a consolidation or merging of companies that are the same industry. Merging of companies in the same industry helps the companies to have a greater market share of the industry.

As seen in the question below, both companies are beer companies and are consolidating or merging to form the largest beer company in the world. This wold give them a global coverage as opposed to the few countries they were restricted to before the merger.

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