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Georgia [21]
3 years ago
14

Amount of

Business
1 answer:
Triss [41]3 years ago
3 0

Answer:

Credit partial payment is "$3229.17" and Net amount due is "$2769.03".

Explanation:

Given:

Invoice,

= $5998.20

Sales terms,

= 4/15, n/60

Partial payment,

= $3100

The credit partial payment will be:

= \frac{Partial \ payment}{1-Discount}

= \frac{3100}{1-0.04}

= \frac{3100}{0.96}

= 3229.17 ($)

The due net amount will be:

= 5998.20-3229.17

= 2769.03 ($)

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Technology does not necessarily result in better decisions, because the information produced may not support the information req
AlexFokin [52]

This is due to the fact copying digital data from one supply to any other does not require casting off the preceding copy.

Digital data/records commonly includes information that is created by, or prepared for, electronic systems and devices such as computers, screens, calculators, conversation devies and so on, and can be saved on those gadgets or in the Cloud.

<h3>How does digital statistics work?</h3>

When information is put into a digital form, it's converted into sequences of zeros and ones that can be interpreted by way of other computer systems. Digitizing statistics is the method of changing records into digital structure and is indispensable for a laptop to be able to manner and shop information.

Learn more about digital information here:

<h3>brainly.com/question/12620232</h3><h3 /><h3>#SPJ4</h3>

6 0
1 year ago
Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in
77julia77 [94]

Answer:

$1000

$1010

Explanation:

The formula for determining simple interest = principal x time x interest rate

The formula for determining compound interest = future value - amount invested

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

1000 X 0.01 X 1 = $10

Given the figures in the question, the simple interest each year would be $10 based on $1000

But the compound interest in year 2 = 1000 x (1.01)^2 = 1020.10

1020.10 - 1000 = 20.1

compound interest in year 2 = 20.1 - 10 = 10.1

or

1010 x 0.01 x 1 = 10.1

7 0
3 years ago
Crispin Mattresses is chartered in Florida but does business in all 50 states. Crispin Mattresses doing business in Florida is k
otez555 [7]

Crispin Mattresses doing business in Florida is known as a Domestic corporation.

<h3>What is Domestic corporation?</h3>

A domestic corporation is a business that operate its business transactions within a country. A domestic corporation would typically conducts its affairs in its home country.

An example is if a company is formed in a particular state, the business is a domestic corporation in that state. However, the state where the business is incorporated is a foreign business in any other state.

Hence, Crispin Mattresses doing business in Florida is known as a Domestic corporation.

Learn more about Domestic corporation here: brainly.com/question/913870

7 0
2 years ago
_______ is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a
hjlf

Answer:

Insurable interest

Explanation:

The insurance interest is the interest of the insurer while taking the policy so that the risk of the loss is reduced also it is an important requirement that makes the firm or the event to be legal, valid, enforceable,  and protected against any harmful acts done intentionally

Therefore according to the given situation, the concept in which enough interest must exist on the part of the insurer while taking the policy is known as the insurer interest

Hence, the first option is correct

5 0
3 years ago
The following information is available for Kinsner Corporation: Total fixed costs $313,500 Variable costs per unit $99 Selling p
Zanzabum

Answer:

The number of units that must be sold is A. 6,540 units

Explanation:

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

Contribution margin per unit = Sales price per unit – Variable cost per unit = $154 - $99 = $55

The number of units must be sold = ($313,500 + $46,200)/$55 = 6,540 units

7 0
3 years ago
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