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:
I'm pretty sure you should choose choices
B) more people start drinking orange juice for breakfast.
D) a new study suggests that orange juice is good for healthy bones.
Answer:
is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange. Therefore, money is a generally accepted medium of exchange around the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).
It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).
Eurocurrency is a time deposit of money in an international bank located in a country different from the country that issued the currency.
Answer:
Direct labor cost will be equal to $236000
Explanation:
We have given total manufacturing cost = $450000
Manufacturing overhead totaling is equal to $98000
And direct material totaling is equal to $116000
We have to find the direct labor cost
Direct labor cost is equal to
Direct labor cost = Total manufacturing cost - manufacturing overhead totaling - direct material totaling
= $450000 - $98000 - $116000 = $236000
So direct labor cost will be equal to $236000
Answer:
Depreciation per unit= 0.133 (Approx)
Explanation:
Given:
Cost of machine = $48,000
Total unit produced = 330,000 units
Residual value of the machine = $4,000.
Depreciation rate per unit = ?
Computation of depreciation rate per unit:
Depreciation per unit = (Cost of machine - Salvage value) / Total unit produced
Depreciation per unit= ($48,000 - $4,000) / 330,000 units
Depreciation per unit= ($44,000) / 330,000 units
Depreciation per unit= 0.133 (Approx)
