The amount of cash received will be the net of discounts and sales returns.
Given,
the sales = $ 2,000
The sales return = $ 800
The discount will be allowed only if the payment is made within the discounts period i.e. 10 days. The sales were made in 15th July and Payment is made on 24th July, thus Carson company is eligible for the discount. The discount will be calculated on the sales net of returns
Net sales = $ 2,000 - $ 800 = $ 1200
Discount = 2 % X $ 1,200 = $ 24
The cash received = $ 2,000 - $ 800 - $ 24 = $ 1,176
The <u>ASVAB </u><span>is a multiple choice examination that evaluates the skills of the applicants for enlistment in the US military.
ASVAB is short for Armed Services Vocational Aptitude Battery, and refers to a test that determines whether a person taking it is suitable for the army. High school students can take this test starting from the 10th grade, and if they pass it, they can join the army when they become of age.</span>
Answer:
Dealers profit comes from the spread primarily. Spread is the differential amount between buying and selling.
Explanation:
Let us assume the price of security X is USD 100 (last trade price)
A dealer will purchase this security at discounted price from the investor say USD 99 and will sell the same security in the market at USD 100, thus earning spread.
Further being market markers, dealers often use multiple strategies to prop up the price of particular security and earn gains on inventory held.
I think the most appropriate answer would be "a car dealership salesman" would be the opportunity cost.
I hope it helped you!
Answer:
a. Common stock acquired by the company in the open market & recorded as negative equity
Explanation:
A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.
