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slava [35]
3 years ago
8

Ed's Print Shop received an invoice dated May 10 for $2,500 with terms 3/10, 1/15, n/60. On May 22, Ed's Print Shop sent a parti

al payment of $2,000.
What is the actual amount that should be credited?
What is Ed's Print Shop's outstanding balance
Business
1 answer:
artcher [175]3 years ago
3 0

Amount to be credited = $2,020

Outstanding balance = $480

Explanation:

The payment terms state that

  • 3% discount may be taken within 10 days of the invoice date (up to May 20); or  
  • 1% discount may be taken within 15 days of the invoice date (after May 20 but not later than May 25); or
  • The net amount is due within 60 days of the invoice date if advantage is not taken of the cash discounts offered.
  • The  3% cash discount is not applicable as the payment was made on May 22 which is after the end of the discount period. However, the 1% discount is allowed, since payment on May 22 is within the 15-day period for the 1% discount.

Amount to be credited

= 2000 / (1−0.01)

= 2000 / (0.99)

= $2,020

Outstanding balance

= 2500 - 2020

= $480

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3 years ago
Grace is the editor of her school newspaper. Which feature of a word processing program would she use to make her changes visibl
gogolik [260]

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8 0
3 years ago
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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
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7 0
3 years ago
11. Effective communication with patients and co-workers is an important skill for practice managers. Describe what you will do
kolbaska11 [484]

Answer:

The dos and donts in excersing active listening

Explanation:

Active listening helps someone understand what the party is trying to say, even if the message is unclear or ambiguous.  As a practice manager, the following actions will enhance or undermine active listening.

<u>The Do's</u>

  1. Nod in agreement
  2. Maintain eye contact
  3. Offer positive reinforcement with phrases such as 'yes,' ' great' or 'indeed.'
  4. Positive body posture such as facing the speaker and smiling
  5. Ask relevant questions
  6. Seek clarification

<u>The Don't s</u>

  1. Avoid noise: switch off audio devices such as radio, computers while listening.
  2. Do not interrupt or cut off the speaker.
  3. Avoid receiver biases. Keep an open mind, and don't judge the speaker's message before its communicated.
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  5. Keep off distractions such as picking phone calls and reading.

3 0
3 years ago
You put up $50 at the beginning of the year for an investment. The value of the investment grows 4% and you earn a dividend of $
mars1129 [50]

Answer:

My HPR was 11%

Explanation:

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Growth rate = 4%

Holding period Return = Dividend + return on investment value

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Holding period Return = $3.50 + $2

Holding period Return = $5.50

Holding Period Return Rate = ( $5.5 / $50 ) x 100

Holding Period Return Rate = 11%

So, my HPR was 11%

8 0
3 years ago
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