Answer:
Explanation:
2/10 , n/30 is a credit term arrangement where the seller agrees with the buyer that if payments are made within 10 days after purchase , he will enjoy a 2% discount or otherwise pay the full invoice amount at 30 days.
As Jepson paid on the 18th of the same month which is 9 days after purchase , he is entitled to 2% discount on the sales.
<u>Journal Entry</u>
September 8
Credit Sales - $9,600
Debit receivable = $9,600
September 18
Debit Cash - $9,408
Debit sales discount - $ 192
Credit receivable - $9,600
Answer:
B) $.10.
Explanation:
All the cost used in the production process is called production cost.
Capital cost = Units x Cost per unit = 2 x $10 = $20
Raw Material cost = Units x Cost per unit = 5 x $4 = $20
Labor cost = Units x Cost per unit = 8 x $3 = $24
Total Cost = Capital cost + Raw Material cost + Labor cost
Total Cost = $20 + $20 + $24 = $64
Cost per unit = Total cost / Number of units = $64 / 640 = $0.10
Answer:
c. $3,150
Explanation:
The computation of the gross income is shown below:
= Interest on savings accounts + Interest on a State bond + Interest portion of proceeds of a 5% bank certificate of deposit + Dividends on USG common stock
= $2,000 + $600 + $250 + $300
= $3,150
We do not consider the school bonds as it would not be included in the gross income. So, we ignored it
The correct answer is A and B
The balance increase for the investments made by Enrique, between years 62 and 68 will be $14,871.
<h3>What is an investment?</h3>
A monetary engagement, with an intention of getting the required or expected rate of return over a predetermined financial period, is known as an investment.
The return for Enrique's investment at the age of 62 years will be,
![\rm Investment\ Value= 1000(\dfrac{1}{1+0.08})^4^2\\\\\rm Investment\ Value= \$25,339](https://tex.z-dn.net/?f=%5Crm%20Investment%5C%20Value%3D%201000%28%5Cdfrac%7B1%7D%7B1%2B0.08%7D%29%5E4%5E2%5C%5C%5C%5C%5Crm%20Investment%5C%20Value%3D%20%5C%2425%2C339)
Similarly, the investment value at the age of 68 years will be $40,210.
So the increase in the investment value between these years will be,
40210-25339=$14,871.
Hence, the value of Enrique's investment is as computed above.
Learn more about investment here:
brainly.com/question/15105766
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