(a) What is the Cash Discount?
The Invoice was June 13th and was paid on the 24th. This means it was paid 11 days after the invoice date, so you would need to use 1/15, which means a 1% discount is paid within 15 days.
The shipping cost wouldn’t be included in the discount, so subtract shipping from total: 800 -40 = 760
1% for the discount, means you pay 0.99 on every dollar
760 x 0.99 = $752.40
The discount would be 760 - 752.40 = $7.60
(b) What is the net amount paid?
Amount paid would be discounted total plus shipping:
752.40 + 40 = $792.40
Answer:
B
Step-by-step explanation:
Pretend y is the angle of depression.
Tan y= opposite/ adjacent
Tan y = 16.2/ 48.3
Y= tan-1( 16.2/ 48.3)
Angle = 18.5416
Answer:
7.85714285714
Step-by-step explanation:
Answer: 0.1
Step-by-step explanation:
Given : A Houston department store sampled 80 items sold in January and found that 8 of the items were returned.
In other words, sample size : <em>n</em>=1040
Number of items returned : <em>x</em>= 8
Let <em>p</em> be the proportion of items returned for the population of sales transactions at the Houston store.
As per sample , the sample proportion of items returned for the population of sales transactions at the Houston store is :

As we know that , <em>the sample proportion is the best estimate of the population proportion.</em>
Therefore,a point estimate of the proportion of items returned for the population of sales transactions at the Houston store is 0.1.