1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Wewaii [24]
3 years ago
5

Barans Company purchased merchandise on account from a supplier for $12,900, terms 1/10, n/30. Barans Company returned $2,500 of

the merchandise and received full credit. a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment? $fill in the blank 1 b. What account is credited by Barans Company to record the return?
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
3 0

Answer: See explanation

Explanation:

a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment?

The amount of cash required for the payment will be:

Purchases: = $12,900

Less: Returns = $2500

Less: Discount = ($12900 - $2500) × 1% = ($10400 × 1%) = $104

Cash required for payment = $10296

b. What account is credited by Barans Company to record the return?

Based on the information above, the merchandise inventory will be credited.

You might be interested in
The U. S. national debt:______________.
Dafna11 [192]

Answer:

d. equals the dollar amount of outstanding U.S. Treasury bonds

Explanation:

The National debt is entirely represented by the total dollar amount of outstanding U.S. Treasury bonds, both those bonds that are held by the public (private citizens), or by other governments.

Currently, the U.S. National Debt is over 24 million, and the amount of debt that can be issued in the form of U.S. Treasury bonds is limited by the national debt ceiling.

3 0
3 years ago
Factors leading to the slow growth of demand in embryonic industries include all of the following except the
wolverine [178]

Answer:

C) lack of venture capital for innovative products.

Explanation:

Embryonic industries are such industries that are at the beginning stage in their life-cycle. More specifically, newly established ventures are called the embryonic industry or firm.

Options A, B, D, and E all are wrong because a new firm may not produce high qualified first products. It may not have the right complementary products, the production cost may be higher than expected, and finally, there are a few distribution points. Those lead to the slow growth of the embryonic industry.

Option C is the answer because venture capitalists like to invest in innovative products, so there should not be a lack of capital.

4 0
2 years ago
________ costs are costs that limit the occurrence of defects and imperfections. prevention failure process assessment appraisal
ddd [48]
<span>Process costs are costs that limit the occurrence of defects and imperfections. Process costing is an accounting methodology that traces and accumulates direct costs, and allocates indirect costs of a manufacturing process. ... It is a method of assigning costs to units of production in companies producing large quantities of homogeneous products.</span>
7 0
3 years ago
A company has outstanding 20-year noncallable bonds with a face value of $1000, and 11% annual coupon, and a market price of $1,
Helen [10]

Answer:

8% and 4.8%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.  

The NPER represents the time period.  

Given that,  

Present value = $1,294.54

Future value or Face value = $1,000  

PMT = 1,000 × 11% = $110

NPER = 20 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 8%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 8% × ( 1 - 0.40)

= 4.8%

6 0
3 years ago
Support functions manage and improve the efficiency of an organization's conversion processes so that more value is created.
HACTEHA [7]

Answer:

a) true

Explanation:

Support Function include Information Technology, Human Resources, Finance and Marketing. These are there to ensure that conversion process is efficient by providing support services such as sourcing of talent, fund management, communication.

3 0
3 years ago
Other questions:
  • What is a community college​
    6·1 answer
  • How long does it take to get a bio degree?
    12·1 answer
  • If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the mone
    5·1 answer
  • Assume that the short-run cost and demand data given in the tables below confront a monopolistic competitor selling a given prod
    5·1 answer
  • What is one financial goal that you have? How do larger economic factors influence your pursuit of this goal?
    13·1 answer
  • How do safe investments usually have a lower rate of return than riskier ones?
    15·2 answers
  • Given the equity portion of a firm's balance sheets below, determine the average price per share at which new shares were sold b
    10·1 answer
  • Using property she inherited, Lei makes a 2020 gift of $16,200,000 to her adult daughter, Doris. Neither Lei nor her husband, Gr
    6·1 answer
  • A $25,000 bank loan is to be repaid in equal yearly payments of $2745 over 15 yr at an effective annual interest rate of 7%. The
    12·1 answer
  • 1.2 Assume that there are 600 customers in your target area. The average income per annum per customer amount to R12500. You est
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!