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Goshia [24]
3 years ago
12

18) A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise.

On July 14, it paid the full amount due. The amount of the cash paid on July 14 equals:
Business
1 answer:
pav-90 [236]3 years ago
7 0

Answer:

the amount of cash paid is $1,568

Explanation:

The computation of the amount of cash paid is shown below:

= (purchased value - returned goods) × (1 -  discount rate)

= ($1,800 - $200) × (1 - 0.02)

= $1,600 × 0.98

= $1,568

hence, the amount of cash paid is $1,568

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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leva [86]

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3 years ago
Latoya has $113.94 in her checking account. During the week she goes to an atm and withdraws $40. she is charged a usage fee of
Maksim231197 [3]

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3 0
3 years ago
​Fulkron, Inc. provides the following data taken from its third quarter​ budget: Jul Aug Sep Cash collections 67,000 $33,000 $42
fgiga [73]

Answer:

-$20,000 short fall

Explanation:

July:

Total cash available:

= Cash balance + Cash collections

= $12,000 + $67,000

= $79,000

End cash:

= Total cash available - Cash payments

= $79,000 - (33,000 + 12,000)

= $79,000 - $45,000

= $34,000

August:

Total cash available:

= Cash balance + Cash collections

= $34,000 + $33,000

= $67,000

End cash:

= Total cash available - Cash payments

= $67,000 - (34,000 + 20,000 + 33,000)

= $67,000 - $87,000

= -$20,000 (Short fall)

4 0
3 years ago
Genent%E2%80%8B Industries, Inc.%E2%80%8B (GII), developed standard costs for direct material and direct labor. In%E2%80%8B 2017
Sliva [168]

Answer:

Direct material price variance

= (Standard price - Actual price) x Actual quantity purchased

= ($10 - $7) x 1,300 pounds

= $3,900(F)

Explanation:

Direct material price variance is the difference between standard price and actual price multiplied by actual quantity purchased.

7 0
3 years ago
A severe freeze has once again damaged the Florida orange crop. The impact on the market for orange juice will be a leftward shi
mezya [45]

Answer:

C. Supply Curve

Explanation:

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Change in supply due to Price is 'Change in Quantity supplied' , leads  to movement along the curve . Change in Supply due to other factors is 'Change in Supply' & shifts the curve

Damage of orange crop will decrease its supply & hence derived supply of its by product orange juice .

Since the decrease in supply is due to other (seasonal) factor , it will shift the supply curve - decrease it & leftward shift . This supply deficiency leads to excess demand raising the equilibrium prices finally .

5 0
3 years ago
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