Answer: $5,586
Explanation:
Tamarisk, Inc. sells merchandise on account for $7,400 to Cheyenne Corp. with credit terms of 2/15, n/30
Returned goods worth $1700 of merchandise that was damaged.
Total purchase. $7,400
Less: Return. ($1,700)
Net purchases. $5,700
Made pmt within the discount period of 15 days at 2% discount
Purchases of $5,700 x 2%. = $114
Total amount paid for the purchase is $5,700 - $114 = $5,586
Answer:
NPV = $39,230
Payback period = 3.64 years
Explanation:
The net present value (NPV) = (net annual cash flow x interest factor) - investment
NPV = ($110,000 x 3.993) - $400,000 = $439,230 - $400,000 = $39,230
The payback period = investment / net annual cash flow = $400,000 / $110,000 = 3.64 years or 3 years, 7 months and 19 days
You can also calculate the PV of each annual cash flow which will give you a more precise result, but the variation is minimal:
PV = ($110,000 / 1.08) + ($110,000 / 1.08²) + ($110,000 / 1.08³) + ($110,000 / 1.08⁴) + ($110,000 / 1.08⁵) = $439,198
and the NPV = $39,198
Answer:
b.net loss
Explanation:
A debit entry in the retained entry account may have two reasons dividend declaration entry and net loss adjustment entry. Form the dividend account we see there is no dividend entry of $18,000. So the only option is the net loss adjustment entry of $18,000.
Journal Entry for the adjustment is as follow
Dr. Retained Earning $18,000
Cr. Income Summary $18,000
Answer:
(D) medium of exchange
Explanation:
According to my research on economics, I can say that based on the information provided within the question mollusk shells would play the economic role of being a medium of exchange within a financial system. This is basically a term defined as a widely accepted token which can be exchanged for goods and services.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
their own income is correct
