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
const2013 [10]
3 years ago
15

Hinkle Corporation buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after

the invoice date. Net purchases amount to $550,000 per year. On average, what is the dollar amount of total trade credit (costly free) the firm receives during the year, i.e., what are its average accounts payable
Business
1 answer:
Readme [11.4K]3 years ago
8 0

Answer: $90,411

Explanation:

Average Accounts payable = Net Purchases * Average collection period / 365

Average collection period is 60 days

Net Purchases as stated is $550,000

Average accounts payable = 550,000 * 60 / 365

= 90,410.9589

= $90,411

You might be interested in
In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current
erastova [34]
Compliance (must do) projects.
6 0
3 years ago
Nelson Company's Radio Division currently is purchasing transistors from Charlotte Co. for $3.50 each. The total number of trans
melamori03 [73]

Answer:

The range of possible transfer is $ 3.25 to $ 3.50

Explanation:

Data provided:

The purchasing cost of the transistor = $ 3.50

The total number of transistors needed = 8,000

The production cost of the transistor = $ 4.00

The included variable cost = $ 3.25

The included fixed cost = $ 0.75

Now,

the fixed cost cannot be altered, thus it will be there

hence,

the variable cost will be the factor that will evaluate the decision i.e $ 3.25

therefore, the <u>range of possible transfer is $ 3.25 to $ 3.50</u>

3 0
3 years ago
What gender bias do you know of in media?
7nadin3 [17]

If you are a girl the media expects you to be girly and like shopping and putting on makeup, some girls hate that stuff

8 0
3 years ago
Read 2 more answers
Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase
Mice21 [21]

Answer:

Encumbrances $1000

Reserved for encumbraces $1000

Explanation:

Encumbrance is in the debit because is the money that we have destined for the purchase and  since we have to get the money from our funds Reserved for encumbrances is in the credit.

5 0
3 years ago
Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo
maks197457 [2]

Answer:

The price of the stock today is $42.94

Explanation:

The price of a stock whose dividends are expected to grow at a constant rate is calculated using the constant growth model of Dividend Discount model approach. It bases the price of the stock on the present value of the expected future dividends. The price today under this model is calculated as follows,

P0 = D0 * (1+g)  /  r - g

Where,

  • D0 * (1+g) is the D1 or the dividend for the next year
  • r is the required rate of return
  • g is the growth rate in dividends

P0 = 4 * (1+0.052)  /  (0.15 - 0.052)

P0 = $42.938 rounded off to $42.94

6 0
3 years ago
Other questions:
  • What is a good question to ask during an informational review?
    5·2 answers
  • Which of the following is not a common term for a mortgage loan? A. 30 years B. 20 years C. 15 years D. 10 years
    6·1 answer
  • ______ is the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in dat
    8·1 answer
  • Champion Lyte is a sugar-free sports drink designed to replenish electrolytes lost during activity or illness. Since the product
    10·1 answer
  • f an agent indulges in commingling, she _____. Select one: a. most likely will not be liable for loss to the principal b. violat
    15·1 answer
  • Jane receives 16 cents for every unit produced. jane produces 3,512 pieces in a 43-hour workweek. for overtime, jane is paid a s
    7·1 answer
  • The following data has been provided for a compan most recent year of operations:
    11·1 answer
  • The final step in the decision-making process requires that mangers: a.select from a set of potential alternatives. b.identify t
    8·1 answer
  • A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash disbursements
    7·2 answers
  • Michelle has four credit cards with the balances and interest rates listed below. She would like to consolidate all of her credi
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!