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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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3 years ago
Lefave, Inc., manufactures and sells two products: Product Q1 and Product D5. Data concerning the expected production of each pr
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Answer:

Predetermined manufacturing overhead rate= $29.59 per direct labor hour

Explanation:

Giving the following information:

Total direct labor-hours 15,755

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To calculate the predetermined manufacturing overhead rate we need to use the following formula:

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5 0
3 years ago
A company forecasts growth of 6 percent for the next five years and 3 percent thereafter. Given last year's free cash flow was $
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d. $2,676

Explanation:

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FCF1 = (100 × 1.06) = 106

FCF2  = (106 × 1.06) = 112.36

FCF3 = (112.36 × 1.06) = 119.1016

FCF4  = (119.1016 × 1.06) = 126.247696

FCF5  = (126.247696 × 1.06) = 133.8225578

Now

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Answer:

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There can be a close and direct relationship with the employer, therefore making it easy to get permission when in need of time off.

You are saved the hassle of paying Pay As You Earn tax.

There’s no red tape when it comes to dealing with personnel issues which are expressly handled either by the employer him/herself, or a senior manager.

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Odd working hours.

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Summary dismissals.

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Explanation:

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