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Vera_Pavlovna [14]
3 years ago
9

A company purchases merchandise with a catalog price of $26,500. The company receives a 30% trade discount from the seller. The

seller also offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
Business
1 answer:
Crazy boy [7]3 years ago
5 0

Answer:

$ 18,179

Explanation:

From the list price we will apply the trade discount to know the nominal at the invoice.

Then we will apply the discount agreed on the invoice of 2% getting the net cost of the merchandise:

list price:                          26,500

trade discount of  30% =<u>  (7,950)  </u>

invoice nominal                18,550

discount within first 10 days:

18,550 x 2% =                       (371)

net of discount:                  18,179

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The Overland Company is preparing its cash budget for the month of June. The following information is available concerning its a
Alex777 [14]

Answer:

total estimated cash collections = $300,050

Explanation:

estimated collections during June:

collections of credit sales from May = $257,000 x 65% = $167,050

collections from credit sales before May = $50,000

collections from credit sales during June = $332,000 x 25% = $83,000

total estimated cash collections = $300,050

the write offs and the bad debt provisions are not included in this calculation.

8 0
3 years ago
In a competitive market equilibrium, the allocation of the social surplus is such that ____________.
Leto [7]

In competitive market equilibrium, the allocation of the social surplus is such that no individual can be made better off without making someone else worse off.

The phrase "competition equilibrium" refers to an equilibrium condition when the firm's goal of maximising profits and the customers' goal of maximising utility both aspire to reach an equilibrium price as a result of freely determined prices.

According to the theory of competitive equilibrium, the firm's supply of the product is equal to the market's demand for that same amount of the product. It is a circumstance in which neither the buyer nor the seller can strengthen their bargaining position with regard to the goods being sold.

Learn more about competitive market here brainly.com/question/13961518

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6 0
1 year ago
A codec converts an incoming digital signal to an analog signal for transmission over an analog network. True False
Serhud [2]

Answer: false

Explanation: A code - decoder, or codec for short, is an algorithm that encodes data by decompressing data that is recieved, and compresses data for a faster transmission. Codecs are normally used to digitize video or audio signal for transmission. In electronics, a DAC, or digital - to - analog converter can be used to convert a digital signal to an analog signal over an analog network.

7 0
2 years ago
Delia files a suit against Eduardo in a Florida state court over the ownership of a boat docked in a Florida harbor. Both Delia
harkovskaia [24]

Answer:

The answer is: D) is a more convenient location to hold the trial.

Explanation:

A change of venue happens when a case is transferred from a court in one location to a court in a different location. It can be requested if it is convenient for the parties in a lawsuit.

In this case both Eduardo and Delia live in Georgia, so if a trial is held there, they would need to travel and probably hire local lawyers which can be time consuming and expensive.  Eduardo can argue that by holding the case in Georgia benefits both Delia and him.

6 0
3 years ago
You want the salespeople on your staff to perform at their best, thus you want to make sure they are properly supervised. In det
lbvjy [14]

Answer:

Factors to consider:

1. Specialisation role

2. Complexity of sales process

3.Tenure

4.Geographical coverage

5. Sales Representative leadership

6. Support network

7. Internal Bureaucracy

8. Value add of managers

Factors not to consider;

1. Market share

2. Production process

3. Distribution process

4. Personal affiliation, race or religion

Explanation:

When considering a company's span of control, which simply means the number of junior staff a manager should manage, it is important to note factors relating to geographical coverage, a wide coverage can create difficulties in supervision to a manager. Consequently reducing the span of control.

Specialisation also help in ensuring the manager is an expert in the area he or she supervise. Experienced manager with good understanding of the tasks, good knowledge of the workers and good relationships with the workers, will be able to supervise more workers

The complexity of a sale process can affect a manager's supervision performance. if the sale process for example require an online payment to a final user who may not be physically available. Supervising such sales requires adequate training.

Other factors like; Tenure, Sales Representative leadership, Support network, Internal Bureaucracy, Value add of managers are paramount in determining span of control. However, market share, production process, distribution process and personal affiliation, race and religion should not affect the span of control.

3 0
3 years ago
Read 2 more answers
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