<u>Answer</u>:
<u>$5,880</u>
Explanation:
Remember <em>the payment term 2/10, net 30 implies that the customer is given 2% discount if he can pay the invoice within 10 days. If unable to do so, the customer pays the before the end of 30 days after the date of the invoice.</em>
The customer then paid Devonshire, Inc. the invoice after 5 days which is within 10 days, so a discount of 2% will apply.
The amount received was $6000 - (6000 x 0.02) = 6000 - 120 = $5880
Therefore money collected by Devonshire is $5,880.
Tony is able to purchase the shares even before the dividend are distributed to the shareholders. Hence, he will be part of the payment to be made by the XYZ corporation.
To determine the amount that Tony will receive as dividend for taking part in the company's generation of capital, we multiply the number of shares he has by the amount that he is to get per share. That is,
dividend = (number of shares)(amount per share)
Substituting,
dividend = (100 shares)($1.25/share)
dividend = $125
ANSWER: $125
Answer:
$2.02 million
Explanation:
We need to calculate the present value of Doris's contract given the following three cash flows:
Year 0 $0.6 million
Year 1 $0.8 million
Year 2 $0.8 million
interest rate = 8.2%
present value (in million) = $0.06 + ($0.8 / 1.082) + ($0.8 / 1.082²) = $0.6 + $0.74 + $0.68 = $2.02 million
*present value formula = future value / (1 + r)ⁿ
Answer: The correct answer is "lower".
Explanation: Students in the United States consistently score <u>lower</u> on international assessments of mathematics and science than do students in other industrialized and even some nonindustrialized nations.
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
