Determine the amount to be paid in full settlement of each of two invoices (a) and (b), assuming that credit for returns and all
owances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar.
Merchandise Freight
Paid by Seller Freight Terms Returns and
Allowances
a. $6,100 $600 FOB shipping point, 2/10, n/30 $1,450
b. 2,900 700 FOB destination, 1/10, n/30 800
a. $
b. $
Merchandise Freight
Paid by Seller Freight Terms Returns and
Allowances
a. $6,100 $600 FOB shipping point, 2/10, n/30 $1,450
b. 2,900 700 FOB destination, 1/10, n/30 800
a. $
b. $
1 answer:
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Answer:
option (B) 35 years
Explanation:
Given:
Real per capita GDP of Sweden = $50,000
Real per capita GDP of Chile = $25,000
Growth rate of Sweden = 2%
Growth rate of Chile = 4%
As per the Rule of 70, the economy's GDP doubles in
Therefore,
The GDP of Sweden will double in = = 35 years
and,
Chile will double in = 17.5 years
Therefore,
in 35 years the GDP of Sweden will be $100,000
and,
In 35 years the GDP of Chile will also be ($50,000 in 17.5 years and $100,000 in next 17.5 years) = $100,000
Therefore,
The real GDP per capita in the two nations to converge in 35 years
Hence,
The correct answer is option (B) 35 years