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Eddi Din [679]
2 years ago
10

Oriole Company sells merchandise on account for $7800 to Sunland Company with credit terms of 2/13, n/30. Sunland Company return

s $1200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
a. $6468
b. $7668
c. $7644
d. $6600
Business
1 answer:
Stella [2.4K]2 years ago
7 0

Answer:

a. $6468

Explanation:

Calculation for the amount of the check

Based on the information given we were told that Oriole Company sells merchandise on account for the amount of $7800 to Sunland Company with credit terms of 2/13, n/30 in which Sunland Company returns the amount of $1200 of merchandise that was damaged which means that the amount of the check will be calculated as:

Amount of the check=[($7,800 - $1,200) *(100%-2%) ]

Amount of the check=$6,600*0.98

Amount of the check=$6,468

Therefore the Amount of the check will be $6,468

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Around the world oil is priced consistently in United States dollars. In economic terms this is an example of:
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Answer: unit of account

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The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.

Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.

8 0
2 years ago
"North Shore Community College reimburses faculty members $.535 cents per mile to go to a workshop. Professor Wales submitted he
Pachacha [2.7K]

Answer:

$347.81

Explanation:

Data provided in the question

Cents per mile to go to workshop = $0.535

And, the total miles traveled = 650.11 miles

So, the reimbursement expect would be

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3 years ago
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aleksley [76]

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Answer:

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