Answer:
Etcetera Clothing collected $10,780
Explanation:
Etcetera Clothing sells merchandise inventory on terms of 2/10, n/30, which means that it will give a cash discount to a customer of 2% when the payment is made within 10 days and the whole settlement of account must be made in 30 days.
If the customer paid for the merchandise 5 days after receiving the invoice, the customer was granted the cash discount since the payment is still within the discount period.
The amount of cash discount is $11,000 × 2% = $220
Payment made to Etcetera Clothing will be $11,000 - $220 = $10,780
Answer:
The amount of effective interest expense that chaco will record in the first six months is $14,375
Explanation:
interest payment that will be first made is on June 30, Year 1. Therefore, the outstanding balance used in the calculation is the issue price.
The interest expense is calculated by these formula
Interest expense = Effective semiannual interest rate × Outstanding balance
Interest expense = (8% ÷ 2) × $359,378 = $14,375
So the interest expense is gotten as %14,375
Answer:
Limited natural resources such as infertile land and lack of coastal access can limit economic growth for a country.
Explanation:
Natural resources are a source of wealth for the country. Mineral such oil and precious stones have made nations wealthy.
Land is a factor of production. Lack of fertile lands will make a nation dependent on imports for its food security. Access to coastal areas facilitates cheaper and fast international trade. Landlocked countries use harbor of other nations for global business. Goods and services from landlocked counties may be more expensive as a result of high transport costs.
Answer:
y = 7.678X + 357.614 ;
518.852 ; 526.53 ;
Week 78;
Explanation:
Given the data :
Week Number Week Number Week Number
1 370 7 415 13 450
2 380 8 425 14 455
3 390 9 435 15 475
4 380 10 425 16 485
5 390 11 435 17 495
6 395 12 445 18 505
The linear trend line for expected freight car loading obtained using a linear model calculator is :
y = 7.678X + 357.614
y = expected freight car loading
X = week
m = slope = 7.678 ;
c = intercept = 357.614
B.)
predicted loading for week 21:
X = 21
y = 7.678(21) + 357.614 = 518.852
Predicted loading for week 22:
y = 7.678(22) + 357.614 = 526.53
C.)
Week loading volume should exceed 950:
y = 950
950 = 7.678X + 357.614
950 - 357.614 = 7.678X
592.386 = 7.678X
X = 592.386 / 7.678
X = 77.153685
X = 78 (should exceed 950)
<span>Consumers who refuse to sacrifice style, but achieve it on a budget are called frugalistas.
Many people buy things on sales like christmas sales, black friday sales because on these sales all thing they buy are on their budget and if they see style and fashion, brand etc it will cost them too much so these consumers are known as frugalistas.</span>
