Answer:
$12,285
Explanation:
Term 1/10, means if the buyer pays the seller within 10 days, the buyer will receive 1% sales discount. However, n/eom means the payment must be paid within a certain number of days of the month according to the agreement.
Accounting explanation:
Here, Merchandise price = $12,000
Sales return = $500
Total Sales = $11,500
Since the invoice is paid within the discount period, and the discount is 1%
Sales Discount = $11,500 x 0.01 = $115
Net Sales = $(11,500 - 115) = $11,385
FOB shipping point means buyer has to pay the freight cost. Therefore,
Total amount of cash to be paid by the customer (or, to be received by the seller) = $11,385 + $900 = $12,285
Answer:
Infinity
Explanation:
In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone
Plus the indifferent curve with tea should be plotted on the vertical axis
So in the case when there is 2 cups of tea with one scone so at this point, the MRS should be at infinity as the indifference curve should be in downward sloping because we presume that there is preferences done at monotonicity
Answer:
Confirmation of accounts receivables is not required when the account information is immaterial.
An account is said to have immaterial information when the account doesn't reflect any important or relevant information that can affect the opinions or decisions of shareholders, potential investors or creditors of the company.
The auditors have the responsibility of deciding what information is relevant and important and what is immaterial
<span>An increase in buyers' income in the market for radios will increase the market price and increase the market quantity of radios, a normal good.
I hope this helps!</span>
<span>As part of his overall stock portfolio, Jason bought a few shares of Facebook. in this context, he would best be described as shareholder of facebook.</span>