The amount of check paid by Company G after claiming the cash discount offer is $2,058.
<h3>What is a cash discount?</h3>
A cash discount is a type of rebate being allowed by seller to the buyer on the amount of receivables for a specified period of time.
Given values:
Amount of receivables: $2,100
Cash discount : 2%
Discount days: 7 days
Full payment days: 30 days
Computation of amount of check to be paid after discount:
Therefore, after paying the receivable amount within 7 days, the company can claim the discount of 2% and paid $2,058 as its net payment.
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Answer:
Stock markets are one of the factors that affect the economy, but there are others as well. Consumer spending and business investment slows down, which reduces economic growth. Falling interest rates can stimulate economic growth. Fiscal policy decisions also can affect the economy.
Answer:
MYRIAD PRODUCTS COMPANY
Cash flow from Operating Activities
($ in millions)
Net Income $ 113
<u>Adjustment of non-cash items :</u>
Depreciation expense $72
Patent amortization expense $5
Loss on sale of land $3
<u>Adjustment to Changes in Working Capital :</u>
Decrease in Accounts receivable $14
Decrease in Inventory $12
Increase in Accounts payable $8
Decrease in Salaries payable ($8)
Increase in Interest payable $7
Increase in Income taxes payable $7
Net Cash Provided by Operating Activities $219
Explanation:
The Indirect method reconciles the Net Income and Operating Cash flow by adjusting for<em> non- cash items</em> and <em>changes in working capital</em> during the year.
Answer:
the annual growth rate between 1985 and 2005 is 1.38%
Explanation:
The computation of the annual growth rate between 1985 and 2005 is shown below:
Future value = Present value × e^(rate × time period)
$145,000 = $110,000 × e^(rate, 20)
$145,000 ÷ $110,000 = e^(rate, 20)
e^(rate, 20) = 1.318
Now take the log in both the sides
In(e^(rate, 20)) = ln(1.318)
r = ln(1.318) ÷ 20
= 1.38%
Hence, the annual growth rate between 1985 and 2005 is 1.38%
I think B by Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks