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
dimulka [17.4K]
3 years ago
14

Willetta Company purchases inventory for $11,000 with terms 2/10, n/30. It then returns $2100 of the inventory purchased to the

supplier and also receives an allowance for defective inventory of $110. The company pays the amount due within the discount period. What is the amount of the discount that will be taken?
Business
1 answer:
Keith_Richards [23]3 years ago
3 0

Answer:

The amount of discount that will be taken is $176.

Explanation

The amount of discount that will be taken shall be based on the value of accounts payable that is eligible for payment after the final adjustments have been made.

The accounts receiveable amount after adjustment of returned purchases and defective goods is calculated below;

Accounts receiveable and eligeable for payment = Purchase inventory-Returned inventory purchase - Allowance for defective inventory

Therefore;

Accounts receiveable and eligeable for payments =$11,000 - $2,100 - $110

=$8,790

Therefore;

The account payable that is eligible for discount amount is $8,790*0.02

=175.8

=$176. Rounded to the nearest dollar amount.

You might be interested in
1.different types of socialization?​
patriot [66]

Answer:

Primary and secondary

Explanation:

Generally there are 5 types of socialisation.

1. Primary

2. Secondary

3.Anticipatory

4. Development

5. Resocialisation.

But the common are primary and secondary

6 0
4 years ago
Read 2 more answers
An investor who was not as astute as he believed invested $276,500 into an account 9 years ago. Today, that account is worth $21
Dimas [21]

Answer:

The annual rate of return is -2.83%

Explanation:

The annual rate can be calculated from the formula FV=PV*(1+r)^N

Where FV is the future value of the investment

PV is the amount invested which is $276,500

N is 9 years

213600=276,500*(1+r)^9

213600/276500=(1+r)^9

divide index on both sides by 9

(213600/276500)^1/9=1+r

(213600/276500)^1/9-1=r

r=-0.02827109

r=-2.83%

Hence the annual rate of return on the investment is -2.83%, which means the investment depleted by 2.83% from initial invested amount of $276,5000 to $213,600 after nine years

6 0
3 years ago
Read 2 more answers
How much would Software E cost <br> you in the long run?
kicyunya [14]
It would cost me a fortune tbh like software e cost is like the best thing to ever exist so you won’t regret nothin
5 0
2 years ago
Which of the following describes a likely outcome when teams effectively plan for data collection?a. The team may not collect en
Ne4ueva [31]

Answer:

b. Team members may collect data using different operational definitions

Explanation:

when teams effectively plan for data collection, they plan to collect data collect efficiently in order to achieve the aim of the data collection

An operational definition is how a researcher decides to measure variables.

when teams effectively plan for data collection, they can collect data using different operational definitions to be able to conduct their research more robustly

Outcomes of teams not planning efficiently for data collection

a. The team may not collect enough data

b. The data may not be valid

4 0
3 years ago
name five specific actions or behaviors that you believe would show what a person's most important value are?
pogonyaev
1 hard working 2 kind 3 respectful 4 works well with outhers 5 intelligent
8 0
4 years ago
Other questions:
  • The major advantage of using bloom's taxonomy in developing objectives is that the taxonomy: helps in the formulation of criteri
    14·1 answer
  • What would it signify if the population of a country remained the same while the real GDP increased? A) the economy is in declin
    5·2 answers
  • Which of the following investment plans best reflects diversification? Ben has an investment portfolio with numerous stocks and
    7·1 answer
  • Those dealing with appliance
    12·1 answer
  • Tammi’s Truck Stop sells Seat-o-Nails cushions, which are specially designed to keep drivers awake on the road. Her accessories
    7·1 answer
  • How did capitalism fuel industrialization?
    6·1 answer
  • 1. After multiple rounds of layoffs, a plastics processing plant goes into bankruptcy because it has failed to keep up with tech
    8·1 answer
  • Economists use the term inflation to describe a situation in which a. some prices are rising faster than others. b. the economy'
    9·1 answer
  • What is the prime reason that Jenny's discretionary income is more volatile than her salary?
    5·1 answer
  • ________ is the framework that managers apply to determine the competitive moves and business approaches that run the company
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!