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Charra [1.4K]
3 years ago
10

Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in

voice with a list price amount of $6,000 and payment terms of 2/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:
Business
1 answer:
kramer3 years ago
4 0

Answer:

Allison should record the purchase at $5880

Explanation:

The net method for recording purchases implies that the purchases is recorded net of the envisaged cash discount on the transaction since the purchaser believes they would settle their account before the cash discount period expires.

Based on the above, the purchases would be recorded as shown below:

cost of purchase=original purchase value*(100%-discount rate)

original purchase price is $6,000

discount rate is 2%

cost of purchase=$6000*(100%-2%)

                           =$6000*98%

                            =$5880

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How does adaptability assist a school leaver to become a successful business owner
noname [10]

Answer:

To create a high degree of adaptability, you should develop more meaningful business relationships with others. If you're mindful of being respectful to others or having empathy, your relationships are only bound to deepen. In other words, when people see that you care about them and their businesses and not just what they can do to help you, you may gain more success. When you help someone without expecting anything in return, something happens. You get goodwill returned to you. In other words, when someone has a need or sees an opportunity for you, they will think of you, so it pays to keep your professional relationships adaptable.

People with a high degree of versatility have specific characteristics: attentiveness, competence, and resilience. Versatile people have a vision for the future and the ability to self-correct. People who are not versatile are resistant to change and single-minded. As an example, our friend could not focus on anything more than client development.

Explanation:

3 0
2 years ago
A company reported that its bonds with a par value of $50,000 and a carrying value of $62,000 are retired for $66,000 cash, resu
mylen [45]

Answer: Retired for $66000 cash.

Explanation:

Given that,

bonds par value = $50000

carrying a value = $62000

retired for cash = $66,000

Loss = $4000

Issuing bonds are an approach to fund activities. Hence, a sum that is reported in the cash flows from the statement of financial activities.

There is a cash outflow of $66000 from retiring.

The amount to be reported under cash flows from financing activities is retired for $66000 cash.

5 0
3 years ago
Keller Construction is considering two new investments. Project E calls for the purchase of earthmoving equipment. Project H rep
anastassius [24]

Answer:

USING 0% DISCOUNT RATE

PROJECT E

Year Cashflow [email protected]%     PV

             $                  $

0            (23,000) 1  (23,000)

1             5,000         1         5,000

2                  6000           1              6,000

3      7000          1              7,000

4                 10,000           1              10,000

                                               NPV  5,000

                   PROJECT H

Year Cashflow [email protected]%     PV

             $                  $

0            (25,000) 1  (23,000)

1             16,000 1         16,000

2                  5,000          1              5,000

3      4,000          1              4,000

                                               NPV  2,000

Project A should be accepted

USING 9% DISCOUNT RATE

Year Cashflow [email protected]%           PV

             $                      $

0            (23,000) 1        (23,000)

1             5,000         0.9174         4,587

2                  6000           0.8462            5,077

3      7000          0.7722             5,405

4                 10,000           0.7084            7,084

                                                       NPV   (847)

PROJECT H

Year Cashflow [email protected]%            PV

             $                        $

0            (25,000) 1         (23,000)

1             16,000 0.9714         15,542

2                  5,000          0.8462            4,231

3      4,000          0.7722            3,089

                                                     NPV    (138)

None of the projects should be accepted because they have negative NPV

Explanation:

The question requires the computation of NPV using 0% and 9%.

The cashflows of the two projects will be discounted at 0% and 9%.

The discount factors for each project can be calculated using the formula (1+r)-n. The cashflows of the projects will be multiplied by the discount factors to obtain the present values. NPV is the difference between present values of cash inflows and initial outlay.

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NemiM [27]
I believe the answer is D!

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4 years ago
How much is one euro in american dollars?
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