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stich3 [128]
3 years ago
7

A sales invoice included the following information: merchandise price, $4,000; transportation, $300; terms 1/10, n/eom, FOB ship

ping point. Assuming that a credit for merchandise returned of $600 is granted prior to payment, that the transportation is prepaid by the seller, and that the invoice is paid within the discount period, what is the amount of cash received by the seller?
1. $3,400
2. $3,666
3. $3,950
4. $3,366
Business
1 answer:
g100num [7]3 years ago
5 0

Answer:

2. $3,666

Explanation:

Calculation for the amount of cash received by the seller

Cash received by seller = ($4,000 - $600) * 99 % + $300

Cash received by seller=$3,400*99%+$300

Cash received by seller= $3,666

Therefore the Cash received by the seller will be $3,666

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Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be d
9966 [12]

Answer:

depreciation expense 2021 = $6,200

depreciation expense 2022 = $6,700

Explanation:

depreciable value = $29,000 - $200 = $28,800

depreciation expense per mile driven = $28,800 / 144,000 = $0.20

number of miles driven during 2021 = 31,000

depreciation expense 2021 = 31,000 x $0.20 = $6,200

number of miles driven during 2020 = 33,500

depreciation expense 2022 = 33,500 x $0.20 = $6,700

8 0
3 years ago
Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as
mestny [16]

Parking spaces in multiunit buildings, water rights, and similar things of value that convey with property are classified as Appurtenances.

<h3>What Is Appurtenance?</h3>

In real estate, an appurtenance is something that is installed in or sits on a property. It is something that is considered a part of the property, is sold with the property, and it is passed on to the new owners.

When we talk about appurtenances we are often talking about things that run with the land. Appurtenance originates from the word 'appertain,' which means to relate to, be appropriate, or applicable.

Before defining appurtenance,

<h3>What is Real Property ?</h3>

In real estate, real property is defined as immovable or fixed property, any property attached to the land and even the land itself. This also includes permanent fixtures within the property, that are not personal property and easily moved.

Some common examples:  

  • Exterior buildings (e.g., barn, shed)
  • a fence.
  • Inground pools.
  • hot water heater.
  • Ceiling fans.
  • Window blinds (if installed).
  • Fixtures (excluding trade fixtures).
  • Cabinetry.
  • Furnace.
  • Existing crops.
  • Oil or mineral rights.
  • A shared driveway (with attached easement appurtenant).
  • a tree.
  • Water rights (given to an adjoining property).
  • in-ground swimming pools.
  • Easements.

Appurtenances are important to understand as they can have an effect on landlord and tenant relations as well as that between buyer and seller.

Learn more about Easement Appurtenances on:

brainly.com/question/15725702

#SPJ4

6 0
2 years ago
A good handler wants to use a thermometer to measure the air temperature inside of a cooler. To what temperature should the ther
navik [9.2K]

Answer:

2°F, or ±1.0°C

Explanation:

5 0
3 years ago
A bond with a $1,000 face value and a 10 percent annual coupon rate matures in 15 years. a. Determine the value of the bond to a
Licemer1 [7]

Based on the details given, the following are true:

  • a. Value of bond = $806.09
  • b. Your friend should invest in the bond with $1,000 face value

<h3>Value of Bonds </h3>

First find coupon:

= 10% x 1,000

= $100

Bond A

<em>= (Coupon x Present value interest factor of annuity, 13%, 15 years) + Face value of bond / ( 1 + 13%)¹⁵</em>

= ( 100 x 6.462) + (1,000 / 1.13¹⁵)

= $806.09

Bond B

= Face value - Current value

= 1,000 - 180

= $820

In conclusion, Bond B is overvalued so your friend should pick Bond A.

Find out more on Bond price calculation at brainly.com/question/25365327.

8 0
3 years ago
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title D
ryzh [129]

Answer:

$45,600

Explanation:

The total assets comprises of current assets, fixed assets and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The computation of the current asset is shown below:

= Cash + Accounts receivable + Prepaid insurance

= $23,000 + $16,000 + $6,600

= $45,600

5 0
4 years ago
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