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kari74 [83]
3 years ago
15

The Consumer Electronics Show (CES) reports that the HP Spectre laptop computer starts at $994.00 for a base configuration. The

model displayed at its recent show costs $1,353, $118 more than the comparable 13-inch Apple MacBook Air. If Computers-R-Us buys the HP Spectre at the show with 3/15, net 30 terms on August 26, how much does it need to pay on September 9
Business
1 answer:
e-lub [12.9K]3 years ago
4 0

Answer: $1312.41

Explanation:

The following information can be depicted from the question:

Cost of HP Spectre laptop = $1353

Credit terms = 3/15, net 30

Therefore, since discount allowed is 3%, the complement of the discount rate will be:

= 100% - 3%

= 97%

Therefore, amount needed to pay will be:

= Listed price × Complement of discounts rate

= $1353 × 97%

= $1353 × 0.97

= $1312.41

Therefore, the amount needed to pay is $1312.41

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Shaffer Corporation issued 180, $1,000, 10% convertible bonds in 2019 at face value. Each bond is convertible into 100 shares of
Vlad1618 [11]

Answer:

$1.71 per share

Explanation:

Earning per share is the per share rate of net earning for the period after deducting any preferred dividend. We use average common shares outstanding to calculate the Basic EPS. Formula for the Basic EPS is as follow:

Basic EPS = ( Net Income - Preferred Dividend ) / average common shares outstanding

As we do not have any preferred share, placing value in the formula

Basic EPS = ( $3,100,800 - $0 ) / 1,818,000

Basic EPS = $1.71 per share

The convertible bonds are incorporated in the calculation of diluted earning per share.

7 0
3 years ago
Proco had an account payable of $6,400 due to Shirmoo Inc., one of its suppliers. The amount was due to be paid on January 31. P
Anna007 [38]

Answer:

          assets                          =            liabilities                       +       equity

a)        NA                                         - $6,400 AP

                                                       <u>+ $6,400 NP</u>

                                                        net effect $0

b)        NA                                         + $128 interest              - $128 retained

                                                                    payable                        earnings

c)     -$6,528 cash                         -$6,400 NP                                 NA

                                                      -$128 interest p.                  

         revenue                  -                expenses                  =             income

a)       NA                                            NA                                           NA

b)       $0                                           $128                                        -$128

c)       NA                                            NA                                           NA

8 0
3 years ago
Why do infomercials use both strong and weak arguments? to appeal to both high and low involvement consumers because it is neces
Vesna [10]

Answer:

The correct answer is letter "A": to appeal to both high and low involvement consumers.

Explanation:

Strong arguments are those that provide probable support for an idea. Weak arguments fail to provide support for different matters. Then, when talking about marketing, strong arguments are more likely to engage consumers with a product while weak arguments can attract consumers at low levels but the ideas lack reliability.

Thus,<em> infomercials can make use of both strong and weak arguments at different levels of consumer involvement.</em>

4 0
3 years ago
A change in which of the following will cause a change in the quantity demanded of coffee?O The price of green tea, a substitute
Vesnalui [34]

Answer:

THE PRICE OF COFFEE

Explanation:

Demand has 4 determinants : Price , Other Factors [Others price (Substitutes / Complements) , Income , Taste]

Any change in Demand due to Price is 'Change Quantity Demanded': reflected by movement on the curve itself - Expansion (due to fall in price) , Contraction (due to rise in price) .

Any change in Demand due to other factors is 'Change in Demand':   reflected by shift in the entire curve - Increase in Demand (demand curve rightwards shift) , Decrease in Demand (demand curve leftwards shift)

So , 'Change in Quantity Demanded' of Coffee can only be due to : Change in Price of Coffee (its own price) .

3 0
3 years ago
Swifty Corporation financed the purchase of a machine by making payments of $20500 at the end of each of five years. The appropr
NikAS [45]

Answer:

Cost of machine = $73,897.99

Explanation:

The cost of machine to Swifty Corporation the present value pf the ordinary annuity payment of $20,500 per year discounted at the interest rate of 12%.

Note that the annuity is an ordinary annuity because annual  payment  is made at the end of the year.

Present value of ordinary annuity= annuity factor× annual payment

Present value of ordinary annuity = 20,500× 3.60478= $73,897.99

Cost of machine = $73,897.99

7 0
3 years ago
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