1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zmey [24]
2 years ago
5

Concord Company sells merchandise on account for $5700 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company retur

ns $1000 of merchandise that was damaged, along with a
check to settle the account within the discount period. What is the amount of the check?
$4700
$4606
$5586
$5606
Business
1 answer:
Anna71 [15]2 years ago
6 0

Answer:

The right solution is Option b ($4606 ).

Explanation:

The given values are:

Company sells merchandise,

= $5700

Company returns,

= $1000

Now,

The amount of the check will be:

= (5700-1000)\times 98 \ percent

= (5700-1000)\times 0.98

= 4700\times 0.98

= 4606 ($)

You might be interested in
A good place to begin an interior structure inspection is the A. basement. B. garage. C. attic. D. plumbing system.
sweet-ann [11.9K]
It is A the basement.
      Hope this helps!
3 0
3 years ago
Read 2 more answers
When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L.
DanielleElmas [232]

Answer:

STC = 20K + 25L = 20*5 + 25*[\frac{Q^2}{25}] = 100 + Q^2

Explanation:

We are given:

K units of capital and L units of labor.

•Each unit of capital cost = 20

• Each unit of labor cost =25

• Level K is fixed at 5 units

We are told production function Q = K√L

Using the production functions and the values given, we can get that Q=5√L.

To find Q, the amount of labor will be given as:

L = \frac{Q^2}{25}

Therefore, the Short run total cost function (STC) will be:

20K + 25L = 20*5 + 25[\frac{Q^2}{25}] = 100 + Q^2

7 0
3 years ago
How is the role of government determined in the american free enterprise system?
Whitepunk [10]

i would believe that the government plays an important role in a market economy As we saw in our discussion of competitive markets, a free enterprise system is largely self-regulating. Therefore, government plays a limited, but important, role, allowing individuals to make most of the economic decisions.

4 0
3 years ago
Read 2 more answers
Knowledge Check 01 On March 1, a designer received a check for $7,500 from a customer for services to be provided after the cust
Yakvenalex [24]

Answer:

              The Designer Journal Entry

Date         General Journal                 Debit            Credit

July 31      Unearned Revenue            $7,500  

                Design Services Revenue                     $7,500

4 0
3 years ago
On TV a commercial plays from Progressive insurance. Their spokeswoman, Flo, is extolling the benefits of the Name Your Price to
Katena32 [7]

Answer:

cultural elements of a company

Explanation:

distinctive personality

8 0
3 years ago
Other questions:
  • Which type of market consists of many buyers and sellers trading over a range of prices rather than a single market​ price?
    5·1 answer
  • Consider a 5-step process for the National Corporation that includes cutting, drilling, stamping, welding, and painting. The cut
    15·1 answer
  • Currency traders buy on margin so they can do which of the following
    11·1 answer
  • __________ is the process by which representatives of a union meet with representatives of management to negotiate a contract fo
    14·1 answer
  • Why occupation is important <br><br>And give me example ​
    9·1 answer
  • On the first day of the fiscal year, Hawthorne Company obtained an $88,000, seven-year, 5% installment note from Sea Side Bank.
    13·2 answers
  • The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report ca
    6·1 answer
  • On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13 per share. Baltimore obtaine
    13·1 answer
  • On June 1, 2021, Emmet Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment bu
    11·1 answer
  • What does the term “idle time” refer to in performance measurement?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!