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3 years ago

Company A sold merchandise with a list price of $4,200 and costing $2,300 on account to Company B.

Business

1 answer:

kompoz [17]3 years ago

7 0

Answer: d. The invoice amount is greater than $3,300 and less than $3,400.

Explanation:

The terms of the sale are FOB destination, 2/10, n/30. This means that company B will get a 2% discount if they pay in 10 days, if not, they will have to pay in 30 days.

The goods were sold at a list price of $4,200.

Company B returned $750 according to the Credit memo from Company A.

This reduces the transaction amount by that credit memo,

= 4,200 - 750

= $3,450

It is stated that Company B paid within the discount period which was 10 days so they get the discount for a total balance of,

= 3,450 * (1 - 2%)

= $3,381

The answer therefore is option D.

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Answer:

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3 years ago

According to kaplan and norton, _______ maps are "visual representations of a company's critical objectives and the crucial rela

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4 years ago

In ________ organizational cultures, more individuality is shown through the organization's rules being less strictly applied.

kap26 [50]

Answer:

weak

Explanation:

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In the case when there is a weak organization culture so here the rules of the organization should be less strictly followed instead of more strictly followed as it is a weak organization structure

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3 years ago

A rich donor gives a hospital $100,000 one year from today. Each year after that, the hospital will receive a payment 5% larger

wariber [46]

Answer:

D) $779,843.27

Explanation:

The present value of this donation = Donation in Year 1/(1+ discount rate)^9 + Donation in Year 2/(1+ discount rate)^8 + ….. + Donation in Year 2/(1+ discount rate)^1

= $100,000/(1+9%) + $100,000*(1+5%)/(1+9%)^2 +$100,000*(1+5%)^2/(1+9%)^3…. +$100,000*(1+5%)^9/(1+9%)^10 = $779,843.27

Or we can easily input in excel and generate NPV as file attached; in which the formula is NPV(discount rate, cash inflow year 1 : cash inflow year 10) = (9%, 100000,100000*(1+5%)….,100000*(1+5%)^9) = $779,843.27

Download xlsx

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3 years ago

Based on the regression model, the expected daily production volume with 112 factory workers is 118,846 units. The human resourc

givi [52]

Answer:

The residual would be 4569.

Explanation:

Residual is a difference between the observed value and the estimated value.

123,415 - 118,846 = 4569

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3 years ago

Read 2 more answers