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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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If the beginning Cash account balance of Moonbeam, Inc. was $40,000, the ending balance was $67,200, and the total cash paid out
lara [203]

Answer:

Cash Received during the period = $155200

Explanation:

The amount of receipts or cash received during the period can be calculated using the following formula.

Cash Received = Closing Balance + Cash Disbursements - Opening Balance

Cash Received = 67200 + 128000 - 40000

Cash Received = $155200

So, the cash receipts during the period are $155200.

7 0
3 years ago
All Wet Water Softener Systems has Cash of $400?, Accounts Receivable of $1,000?, and Office Supplies of $600. All Wet owes $300
DanielleElmas [232]

Answer:

D. 5.00

Explanation:

The calculation of current ratio is given below :-

Current Ratio = Current Assets ÷ Current Liabilities

where,

Current Asset = cash + account receivable + office supply

= $400 + $1000 + $600

= $2,000

and the Current Liabilities is

= Account payable + salary payable

= $300 + $100

= $400

So, the current ratio is

= $2,000 ÷ $400

= 5 times

7 0
3 years ago
Hanif specializes in senior photographs. He knows that during the spring before high school graduation he can charge more for an
yanalaym [24]

Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.

<h3>What is a supply curve?</h3>

A supply curve, in economics, is a graphic illustration of the connection between product charges and the quantity of product that a vendor is inclined and able to supply.

Product price is measured on the vertical axis of the graph and the number of products provided on the horizontal axis.

Therefore, Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.

learn more about supply curve here:

brainly.com/question/516635

#SPJ1

8 0
2 years ago
You want to buy a new sports coupe for $75,500, and the finance office at the dealership has quoted you a 7.9 percent APR loan f
MAVERICK [17]

Answer:

$1,295.03

Explanation:

To find the answer, we will use the present value of an annuity formula:

PV = A ( 1 - (1 + i)^-n) / i

Where:

  • PV = Present Value of the investment (in this case, the value of the loan)
  • A = Value of the Annuity (which will be our incognita)
  • i = interest rate
  • n = number of compounding periods

Now, we convert the 7.9 APR to a monthly rate. The result is a 0.6% monthly rate.

Finally, we plug the amounts into the formula, and solve:

75,500 = A (1 - (1 + 0.006)^-72) / 0.006

75,500 = A (58.3)

75,500 / 58.3 = A

1,295.03 = A

Thus, the monthly payments of the car loan will be $1,295.03 each month.

8 0
3 years ago
As the director of information systems at your​ company, you receive reports regarding crackpot postings on the company sm site.
Luda [366]

The best course of action is to remove the reponses that were not intended for the site. I would also reach out to those who posted the inappropriate remarks and give them a warning regarding the comments. If they make those comments again or anything of inappropriate nature, they will be terminated.

7 0
3 years ago
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