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3 years ago

Explain the difference between a Trade discount and Cash discount?

Business

2 answers:

Savatey [412]3 years ago

7 0

Answer:

Explanation:

A trade discount is one that is allowed by the wholesaler to the retailer, calculated on the list price of the product, whereas cash discount is allowed to stimulate instant payment of the goods purchased. The main difference between trade discount and cash discount is that ledger account is opened for a cash discount, but no for a trade discount.

madam [21]3 years ago

5 0

The key difference between trade discount and cash discount is that trade discount refers to the reduction in list price known as discount, allowed by a supplier to the consumer while selling the product generally in bulk quantities to concerned consumer, whereas, cash discount is discount given by the supplier on its cash payments to recover the cash debts on time as it motivates the buyer to pay cash early as they are given discount if they pay within the stipulated time.

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Answer:

Skills that you may have learned in one context that you can take with you to many other contexts and industries.

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Considering the available options, the best definition of transferable skills is "Skills that you may have learned in one context that you can take with you to many other contexts and industries."

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3 years ago

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Answer:

c. $45

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On November 30, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of Shaw Co.

scoray [572]

Answer:

Value of goodwill = $350,000

Explanation:

In case where is investment in 100% shares of a company then that may give rise to goodwill or rise to capital reserve.

Any amount paid to acquire that interest in company more than the value of such company is recorded as goodwill.

Here, cost of acquisition = $15 $\times$ 250,000 = $3,750,000

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3 years ago

Barry is a lawyer. He owns 10 apartment buildings that are managed by his brother’s real estate business. At the end of the year

Liono4ka [1.6K]

Answer:

$22,500

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Note, the applicable tax law in this case states permits an individual who engages in a rental real estate to use up to $25,000 of net losses from the rental real estate activity to offset other their other income.

Since a rental activity is classified as a passive activity, whether or not the taxpayer participates in such activity, the $25,000 rental loss is reduced by 50% of the amount in the case where Annual Gross Income (AGI) exceeds $100,000. Consequently, since Barry's AGI is $105,000 ($80,000 + $20,000 + $5,000), which is greater than $100,000, only the amount exceed $100,000 would be reduced by 50%, which is calculated below:

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3 years ago

Explain the difference between a Trade discount and Cash discount?​

Explain the difference between a Trade discount and Cash discount?