The amount that will be received as payment in full by the seller after deducting the return of $250, and applying the 2/10, net/30 terms will be equal to $4,361 on May 4.
<h3>What is
the 2/10, net/30 rule?</h3>
2/10 Net 30 refers back to the change credit offered to a customer for the sale of products or services. 2/10 net 30 approach that if the amount due is paid within 10 days, the customer will experience a 2% discount.
Otherwise, the amount is due in complete within 30 days.
As per the information:
Selling price: $4,700
Discount: 2% (if paid within 10 days of purchase)
returned: $250
The actual amount to be received by the seller:
Hence, The amount that will be received as payment in full by the seller after deducting the return of $250, and applying the 2/10, net/30 rule will be equal to $4,361 on May 4.
learn more about 2/10 Net 30 terms:
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Answer:
a. $7, 283 net income
Explanation:
The debits in an income statement represents the expenses while the credit entries represent the income. As such, given;
Total debits = $20,303
Total credits = $27,586
Net income/(loss) = $27,586 - $20,303
= $7,283
Since the total credit (income) is more than the total debit, the net of the two balances result in a net income.
The answer is a. $7, 283 net income.
Answer: $4,950
Explanation:
If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.
The 25 units at the end of the year will be the most recent units purchased and so will be;
20 units from the third purchase
5 units from the 2nd purchase
Inventory value = (20 * 195) + ( 5 * 210)
= $4,950
<em>The options are not for this question. </em>
Answer:
a) 6 dollar per ticked
b) from 25 to 35 the young adult will be charged with a higher price whilethe other groups, elderly, teenagers and children with a minimum price of 6
Explanation:
Erin $ 6 9
Grace $ 9 14
David $ 7 16
Charlie $ 6 45
Allison $ 8 66
<em>Franco $ 10 28</em>
<em>Becky $ 11 34</em>
a) the max revenue comes from charging 6 dollar per ticket:
7 people x 6 dollar = 42 dollars
if we charge more like seven dollar then, we lose two customer and we don't make up for that lose:
5 people x 7 dollars = 35 dollars
b) the young-adult group will be the target to price discrimination they will be charged with 10 dollars if the cinema could do it.
