Activities involved in buying and selling goods on a large scale.

A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On

pychu [463]

Answer:

The correct answer is C

Explanation:

The amount of cash paid on July 8 is computed as:

Amount of goods worth = Purchased amount - Returned goods worth Amount of goods worth = $1,800 - $200

Amount of goods worth = $1,600

As the amount is paid within the terms of 10 days, so the amount is eligible for the discount of 2%, it is as:

Amount to be paid in cash = Amounts of goods worth - ( Amounts of goods worth × Discount)

where

Amounts of goods worth is $1,600

Discount is of 2%

Putting the values above:

Amount to be paid in cash = $1,600 - ($1,600 × 2%)

Amount to be paid in cash = $1,600 - 32

Amount to be paid in cash = $1,568

8 0

3 years ago

12. When it comes to managing money, success

Deffense [45]

<u>Answer:</u> Option D

<u>Explanation:</u>

The personal finance success of the person depends on the money managing behavior rather than the knowledge. If more money is spent then the individual looses the opportunity to make investments and save for the future.

Increased spending without saving also has the risk of increased debts and increases the stress. The savings is low for many people and for the purpose of spending money they borrow money. A person who has more debts it keeps him from building assets and investments.

5 0

3 years ago

1. The art of being a good Chemical Engineer lies in being a good mathematician, a good chemist, and a good mechanic – all simul

KengaRu [80]

Answer:

$y_{oe}=0.5x+0.15\\y_{ce}=1.25x^2+0.1\\\\$

for minimum cost the intersection point should be calculated i-e

$0.5x+0.15=1.25x^2+0.1\\\\1.25x^2-0.5x-0.5=0\\$

By using calculator

$x_1=0.4828\\x_2=-0.4828$

As x can't be negative so x=0.4828

It's the minimum value because as we decrease the operating cost further the capital value will increase so this is the minimum value.

Graphical solution:

5 0

3 years ago

On January 1, 2018, White Corporation signed a $ 120,000, four-year, 2% note. The loan required White to make payments annu

VladimirAG [237]

Answer:

Dr cash $120,000

Cr Notes payable $120,000

Dr interest expense $2,400

Dr notes payable $30,000

Cr cash $32,400

Explanation:

The issuance of the notes payable of $120,000 means that White Corporation's cash inflow has increased by $120,000 while its corresponding loan obligation has also gone up by the same amount.

On 31 December 2018,White Corporation would need to repay $30,000 principal plus interest of $2,400 ($120,000*2%).The interest payment is debited to interest expense while $30,000 repayment is debited to notes payable and cash is credited with the total of $32,400

3 0

3 years ago

Shorter Company had originally expected to earn an operating income of $130,000 in the coming year. Shorter's degree of operatin

Snowcat [4.5K]

Answer:

$192,400

Explanation:

Shorter Company

$130,000 + (0.48 * $130,000)

=$130,000+$62,400

= $192,400

Therefore Shorter's revised expected operating income for the coming year will be $192,400

8 0

3 years ago